Applegreen deal opens tap to source its own Irish fuel

Fuel forecourt retailer Applegreen is to pay €15.7m for a 50% stake in the Joint Fuels Terminal in Dublin port, which it says will allow it to import fuel directly from refineries.

The company, which employs 3,300 in 330 sites in Ireland, the UK and the US, announced that it has struck the agreement in the Joint Fuels Terminal with Topaz Energy Group, which it said will be funded from its own resources.

Applegreen said that the proposed acquisition provided it with the facility to import fuel directly from refineries thereby securing a strategically valuable platform that provides a competitive supply for the majority of its Irish fuel requirements.