Jean Paul Tucan and Bogdan Aldea, founders of JT Grup Oil, together with Steluța Lebidov, CFO and Sorin Valeriu Naș, administrator of Interdealer Capital Invest, officially inaugurated JT Terminal, the newest and most modern private terminal for liquid petroleum products built in Romania with capital Romanian, an investment of 130 million lei still underway. Part of the project was financed by a credit
offered by UniCredit of 9 million euros, and 11 million euros were obtained through POIM, on the axis for infrastructure of the Ministry of Transport.
“The terminal is a masterpiece for the company, it was an extraordinarily difficult project. We hope to bring it to fruition and that will definitely happen,” said Jean Paul Tucan.
“The banks have extended our credit lines, so we have the necessary financing for the next years. Investment money is 100% guaranteed. We do not affect the company’s cash flow with the money raised from the market, on the contrary, they are in addition. And it should provide us with a 25% increase in turnover. It’s true, if we want to reach billions, we need hundreds of millions. You can’t make money without money… The company will develop on the investment and infrastructure side quite a lot. Only here I think we will need 100 million euros, if we want to develop horizontally”, Jean Paul Tucan told Energynomics.
He explained that the terminal can serve any type of product, including ecological fuel or any other type of product.
Recently, the company launched its own public offering through which it attracted around 20 million lei, considered a success even though the objective of the listing was 54 million lei. JT Grup Oil enters the Multilateral Trading System (SMT) – the AeRO market operated by the Bucharest Stock Exchange on August 6, 2024.
“We were pleasantly surprised by the large number of investors who subscribed to the listing – I think the investors were very smart and took very little risk. The money remained in the company, it will be reinvested”, said Jean Paul Tucan.
JT Terminal is the newest and most modern private terminal for liquid petroleum products built in Romania in the last 50 years and will operate specific products such as diesel, biodiesel and bitumen with the ultimate goal of distributing them on the domestic and foreign fuel market. It is a strategic project that will grow in the next 5-10 years and that will generate a multiplication of turnover, from 224 million lei to approximately 3 billion lei.
The JT Terminal will be fully automated so as to reduce labor costs and port waiting times for loading/unloading. After the project is 100% operational, the company’s forecasts show an increase in the amount sold from 50,000 tons to 500,000 tons annually.
The group also aims to increase sales volume by 50% in the next period, an objective based on the growing demand for fuels. The increase in volume will be supported by the location of the new precinct stations, from 253 to 350 units.
Connected by rail and road to the port and national infrastructure, the project will have 8 tanks with a total storage capacity of 31,500 tons and will handle barges with a capacity of 3,000 to 9,000 tons, 16 wagons at the same time, on two parallel railway lines, and 20 tanks simultaneously in the loading and unloading area.
The loading/unloading capacity of the terminal per hour is a maximum of 1,000 tons for ships, 700 tons for trains and 700 tons for tankers.
The first phase of the project, namely the infrastructure stage, was completed in the spring of this year, and with the completion of the works, the financing contract obtained from non-refundable European funds through the Large Infrastructure Operational Program (POIM) was also closed.
At this moment, of the total number of eight fuel tanks are completed – one 100%, two 90%, one 50% and one 15%. The next three tanks will be completed on time, by the end of December.
In a later stage, installation of the facilities will be carried out followed by technological tests and the terminal will be put into operation. All construction materials are already purchased and paid to suppliers. The process plants are also contracted and are in the process of being delivered.
The necessary infrastructure to connect to rail, road and sea is already developed. At this moment, the connection works that will be carried out by the National Company of the Administration of Maritime Ports (APMC) are awaited.
Also, the building intended for the command and control center has been erected and is to be equipped with the necessary furniture and equipment.
