The Vasilikos liquid fuels facility was presented to the media, EKO through a tour of the plant's premises, with detailed information on its operation. The state-of-the-art plant places its subsidiary "HELLENiQ ENERGY" at the top of the production and marketing of all modern forms of energy. Leading the developments and strengthening at the same time the development course of Cyprus, the company focuses on the final consumer by providing through its state-of-the-art terminal the maximum possible simultaneous supply in 10 types of products.
The Vasilikos fuel storage and distribution facility has a total capacity of 69,000 cubic meters, 11 tanks and 2 bases for future tanks and 4 loading islands as well as state-of-the-art management and security systems.
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The facility in Vasilikos, an investment of 30 million euros, has been completed in 2008. euro, operates in compliance with the latest API standards, as well as NFPA firefighting specifications, with respect to the local community. Thanks to the application of the strictest and most advanced environmental responsibility indicators, emissions of 330 tons of greenhouse gases into the atmosphere per year are avoided, while the same energy is equivalent to 110 thousand litres of imports of traditional fuels.
The plant in Vasilikos will now stand out not only for its capabilities but also for its energy autonomy. Specifically, implementing its "green" energy strategy, the Group is investing in solar energy technology and is installing in the plant an array of photovoltaic panels that, combined with energy storage systems, can cover 90% of the plant's current consumption, making it one of the few energy autonomous plants of similar size in Europe. The fuel storage facility at Vasilikos will have a total capacity of 0.316 MW and an annual production of 460 MWh. This equates to savings of importing 110 thousand litres of conventional fuel per year, 330 tonnes of carbon dioxide will not pollute the atmosphere. At the same time, valuable know-how is acquired and the burden on the state electricity grid is substantially reduced.
The company is investing in solar energy technology and by installing at the plant, an array of photovoltaic panels combined with energy storage systems will ensure 90% of the plant's current consumption. The energy self-sufficiency of the facility is in line with the Cyprus Government's National Plan which includes, among other things, decarbonisation, security of energy supply and innovation.
Referring to the visit of journalists to EKO's state-of-the-art plant in Vasilikos, the CEO of the Group's subsidiary "HELLENiQ ENERGY", George Gregoras said: "I am very happy that today we had the opportunity to present to you and see the potential of our plant and even more so that I saw in your faces the enthusiasm of everything you have seen. We are very proud of our facilities and the work done by our staff at Vasilikos. We are making the plant energy self-sufficient while constantly adding innovations with the benefits reaching the end consumer. At the same time, we continue to take steady steps towards the energy transition and support a sustainable future for all with our energy."
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A project which was considered a "challenge" for "HELLENiQ ENERGY" since the work for its construction had started at the end of 2019 and continued under adverse weather conditions and in the midst of a pandemic. However, the project was implemented in record time with the facility ready for operation by September 2021.
At the end of our tour of the facility, in collaboration with the plant staff, we had the opportunity to symbolically plant a tree in the courtyard of the plant, thus helping the company's "green" transition.
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