Italian bunker supplier Alpha Trading plans to invest around €20 million (US$22 million) over the next five to ten years in the Trieste coastal fuel terminal it has taken over through the acquisition of Seastock.
Alpha Trading said that it had bought the entire stake in Seastock, which holds the concession for the Trieste Coastal Terminal, from the Tosto Group. The price was not disclosed.
Alpha Trading Chief Executive Adriano Parodi told Il Sole 24 Ore that the investment is intended to make the depot more efficient and flexible while improving safety at work, safeguarding the environment, and enhancing cybersecurity.
The programme covers infrastructure modernisation and additional storage for HVO and advanced biofuels, alongside continued supply of conventional marine products.
Parodi said that Alpha Trading aims, “to make further acquisitions in the Mediterranean area over the next 12 months."
Alpha Trading has supplied physical bunkers at the facility since 2018. According to company figures, its volumes handled through the terminal have grown from an initial 5,000 tonnes to approximately 200,000 tonnes, with a target of 300,000 tonnes.
The terminal occupies more than 60,000 square metres in Trieste's San Sabba area, adjacent to the SIOT pipeline docks, and has more than 100,000 cubic metres of storage capacity across 26 tanks. It has a quay for ship loading and unloading, a separate jetty for bunker barges, an internal railway network, and road tanker loading infrastructure.
The Tosto Group said the sale forms part of a strategy to focus on its core business of designing and producing large pressure equipment for the energy, nuclear, and oil and gas sectors.
