Tees-based infrastructure solutions firm px group has acquired the Saltend Industrial Park near Hull from BP.
The park provides comprehensive energy, infrastructure, operations and maintenance services to leading global companies including Air Products, BP, Engie, INEOS, Nippon Gohsei, Perenco, Vivergo and Yara.
Full transition of the 370-acre tier-one COMAH site and its operation to px is expected to be completed over the next few months, with approximately 50 BP workers transferring to Stockton-based px.
A safe changeover is the top priority, followed by a commitment to continue with the expansion of the park, in collaboration with the existing tenants. BP will remain as one of the largest businesses on this site.
Established as an independent company in 2002 and with an operating history going back to 1992, px has proven expertise in managing, operating and maintaining some of Europe’s largest industrial facilities over the last several decades.
Last year the group was awarded the contract to operate and maintain the St. Fergus gas processing plant in Aberdeenshire, Scotland.
The firm’s CEO Ian Clifford said: “The acquisition of Saltend marks a major new chapter in the development and diversification of our business.
“The provision of industrial utility services on a large COMAH site is a natural extension of our core competence in gas processing, power plant and midstream infrastructure operations.
“Our huge experience operating and maintaining plants on sites like this and in the processes carried out, makes this an ideal opportunity for px.
“Over the coming weeks we will work to ensure a safe transition, with the focus on uninterrupted production.
“We will then seek to further develop the park and attract more manufacturers to benefit from the unique competitive advantages it offers.”
BP will remain as the owner and operator of two acetyls plants at the Saltend Industrial Park, which are the largest producers of acetic acid in Europe.
Additionally, BP’s acetyls business in Hull is at the forefront of research and technology in the petrochemicals field and hosts one of the principal global research and technology centres for petrochemicals.
BP’s chief operating officer of petrochemicals, Rita Griffin, said: “Our petrochemicals business is in a competitive market but one where we see opportunities based on the strength of our proprietary technology, the expertise of our people and our advantaged manufacturing operations.”