Chemical Industry News, Data & Insights

Groningen Seaports Invests Amid Industry Challenges

Key highlights
  • Groningen Seaports invested 16 million euros in 2024, with ongoing construction worth 2 billion euros.
  • Energy infrastructure investments add another 1.5 billion euros.
  • Preliminary turnover for 2024 is 46 million euros, with a negative net result of 4 million euros due to site remediation.
  • 25 hectares of land were allocated in 2024, despite challenges in energy-intensive sectors.

Investment and Development

Groningen Seaports continues to invest in its industrial sites, despite a challenging year for the industry. In 2024, the port authority invested 16 million euros, with businesses in the area completing 250 million euros worth of investment. Currently, construction projects worth around 2 billion euros are underway, with an additional 1.5 billion euros in energy infrastructure investments.

Financial Performance

The preliminary annual figures for 2024 indicate a negative net result of approximately 4 million euros, primarily due to the remediation of the former Schipper Recycling site in Delfzijl. Despite this setback, the port authority maintains a positive structural outlook. The preliminary turnover for 2024 is reported at 46 million euros, with stable shipping figures and a total transshipment of 13.6 million tonnes.

Land Allocation and Challenges

In 2024, 25 hectares of land were allocated, although there was a slowdown in land-allocation figures. Energy-intensive companies faced difficulties due to high energy prices, rising interest rates, and construction costs, leading to some aborted investments. Despite these challenges, Groningen Seaports remains committed to supporting businesses.

Future Outlook

Groningen Seaports plans to further develop the Oosterhorn-Zuid area, introduced as Circulands in 2024, focusing on circular and green chemical sectors. The area aims to balance industrial activities with a healthy living environment. The port authority remains optimistic about the future, emphasizing the importance of stable results and strategic investments in infrastructure, quays, and land.