Infrastrata buys Titanic builder
Gas storage developer takes the unusual step of purchasing a heavy engineering firm to work on its proposed UK project
AIM-listed gas storage firm Infrastrata entered the engineering market with its purchase of Belfast firm Harland & Wolff out of administration for £6mn in early October. Infrastrata’s main focus is developing a salt cavern storage facility of up to 500mn m³ on the Islandmagee peninsula on Northern Ireland’s north coast. Northern Ireland’s gas grid is linked both to its southern neighbour the Republic of Ireland and the Great Britain (GB) gas market through the Scotland-Northern Ireland pipeline (Snip) interconnector. Snip currently flows from GB to Northern Ireland, but Infrastrata submitted in June an application for a grant for studies from the EU's Connecting Europe facility (CEF) cov
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