Energy infrastructure company VTTI celebrated ten years of operations in Cyprus, marking a decade as a key player in the Eastern Mediterranean energy market.
The milestone was highlighted in an announcement emphasising the company’s commitment to growth and sustainable energy practices.
Thanos Patrikis, vice president for the Mediterranean region and Managing Director of VTTI Cyprus, reflected on the company’s journey.
“While we celebrate all we have achieved in the past decade, we also look forward with confidence and enthusiasm,” he said.
“VTTI Cyprus will continue leading in safe energy storage and management in the Mediterranean, with investments in green energy projects, always prioritising safety, reliability, and environmental and social responsibility,” he added.
Located in the Vasilikos area, the VTTI Cyprus terminal plays a pivotal role in regional energy logistics.
“This terminal is more than a storage facility; it is a vital link in the energy supply chain of the Eastern Mediterranean,” the company stated.
It further mentioned that with access to the sea and facilities for loading tankers, the terminal serves a wide range of customers using road, sea, and pipeline transportation options.
The terminal’s infrastructure is a standout feature, with 28 high-capacity tanks providing 545,000 cubic metres of storage space for fuels and biofuels.
It also includes a proprietary jetty with four berthing points and a specialised system for Jet A-1 aviation fuel and ethanol storage.
“This unique combination of infrastructure and capabilities positions VTTI Cyprus as a top energy storage hub in the region,” VTTI noted.
Guy Moeyens, VTTI Group CEO, outlined the company’s future goals. “As part of our 2028 Strategy, VTTI aims to expand our terminal operations while investing in technologies for a cleaner and greener future,” he said.
“In Cyprus, we are continuously exploring growth opportunities in biofuels, transitional and renewable energy sectors,” he added.
He also said that the company recognises its “role in meeting today’s energy needs while adapting our infrastructure to support a low-carbon economy”.
The company also spoke about its commitment to sustainable practices, saying that it is aligning its operations with the latest health, safety, and environmental standards.
“We prioritise compliance with the most recent safety and environmental protocols, ensuring respect for the region’s natural surroundings,” VTTI said.
The terminal offers several advanced services, such as ship-to-ship transfer capabilities and re-issuance of bills of lading (re-BoL).
It also serves as a Mediterranean hub for blending various fuel grades with specialised additives.
“Our infrastructure and customs licences allow us to undertake a range of activities, making our terminal a flexible hub for the movement and distribution of petroleum products,” VTTI explained.
Patrikis also pointed out that since its establishment, the terminal has been a significant contributor to Cyprus’s energy sector.
“The VTTI Cyprus terminal was the largest foreign direct investment in the energy sector when it was constructed,” Patrikis said.
Looking forward, the company remains focused on supporting the energy transition.
“We are open to collaborations on sustainability projects and new energy sources,” Moeyens stated.
“Our mission is to help the world transition to a low-carbon economy while ensuring access to essential energy products,” he concluded.