can accommodate all these requirements . Prax Lindsey Oil Refinery will play a substantial role in the Prax UK supply chain , in line with the company ’ s vision to become an integrated global oil conglomerate .”
Despite its globally connected infrastructure and worldwide operations , the Prax Group remains committed to its homegrown ventures , as demonstrated by the recent announcement of significant investment into its Jarrow Terminal , located in the north east of the UK , with funds spread across several projects on the site ; some of which are upgrade works , and some of which are to support new business .
Investing in future readiness The announcement was a timely one , as the team recently celebrated five years of Prax operations at the facility . Having first acquired Jarrow Terminal on 29th February 2016 , the site operations team received their first rail import on 8th May of that same year , an astounding accomplishment at the time . The Prax Group is now in the process of acquiring the freehold for the whole site , giving it full ownership of the terminal . Put simply , the Group recognises the value of the Terminal in terms of its importance to the UK ’ s national infrastructure , and its key role in securing and supplying energy for its customers , both locally and nationally .
The long-term plan is to make Jarrow a strategic hub , to increase throughputs – which is great news for the terminal ’ s many customers , as this will ensure security of supply going forwards . The plan is for the terminal to be able to throughput five products : super unleaded gasoline , premium unleaded gasoline , gasoil , diesel and kerosene . The Prax terminals team , headed up by the Group ’ s head of terminals , Adam Smith , is managing Jarrow ’ s investment projects in-house . The entire team has been involved in the project consultation and background decisionmaking process , which not only gives them full control of all projects , but also ensures that improvements are being made directly as a result of on-the-ground feedback . More importantly , however , it ensures that the team can continue to run operations at the terminal without any service disruption .
This is all to the benefit of the terminal ’ s wide customer base , guaranteeing continuity and security of supply , whilst enabling Jarrow Terminal to meet the demands of the market , ensuring that the business is prepared for the ever-changing future of the industry .
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