Peninsula and Evos plan 60,000 m³ biofuel storage at Algeciras port

Peninsula Evos biofuel storage Port of Algeciras marine fuels

Peninsula, a supplier of hybrid marine fuels, and Evos, a storage operator, have signed a Memorandum of Understanding to build dedicated biofuel storage at Evos' terminal in the Port of Algeciras. The agreement foresees up to 60,000 cubic metres of capacity, which will be reserved for Peninsula to store and blend marine biofuels locally for the shipping market.

Evos will handle the engineering, permitting and construction of the facility, while the project remains subject to a final investment decision by Evos. Peninsula CEO John A. Bassadone said the partnership responds to accelerating biofuel adoption driven by price volatility of conventional fuels and EU regulations such as FuelEU and the EU ETS, allowing the company to control product quality and offer flexible blending ratios. Evos CEO Daan Vos highlighted Algeciras' strategic position near the Strait of Gibraltar and its role as a major bunker hub, noting that the new infrastructure will strengthen the port’s contribution to lower‑carbon shipping.

The development is part of broader efforts to decarbonise marine fuels and support the growing demand for low‑carbon alternatives in the Mediterranean maritime corridor.

Entities: Daan Vos · Evos · John A. Bassadone · Nador · OperaciÃ³n Paso del Estrecho · Peninsula · Port of Algeciras · Port of AlmerÃa · Port of Tarifa · Spanish Ministry of the Interior

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[● 3 SOURCES] The storage will be reserved for Peninsula to store and blend marine biofuels locally. (Peninsula)
[● 3 SOURCES] Peninsula and Evos signed a Memorandum of Understanding to develop dedicated biofuel storage at the Port of Algeciras. (Peninsula and Evos)
[○ 1 SOURCE] The storage facility will be located at Evos' terminal near the Strait of Gibraltar, a major maritime corridor. (Evos)
[● 3 SOURCES] The project is subject to a final investment decision by Evos. (Evos)
[● 2 SOURCES] John A. Bassadone said biofuel adoption is accelerating due to price volatility and EU regulations such as FuelEU and EU ETS. (John A. Bassadone, CEO of Peninsula)
[● 3 SOURCES] Evos will be responsible for engineering, permitting and construction of the storage facility. (Evos)
[○ 1 SOURCE] Daan Vos said Algeciras is an important bunker hub and the project strengthens its role in low‑carbon shipping. (Daan Vos, CEO of Evos)
[● 3 SOURCES] The planned storage capacity is up to 60,000 cubic metres. (Peninsula and Evos)