About Intro
Thames Enterprise Park is 412 acres of brownfield land on the Thames Estuary in Thurrock which is being transformed into one of the most sustainable, well-connected and energy-innovative enterprise parks in the UK.
The redevelopment proposals transform the vast brownfield site into a green, strategic employment and infrastructure asset, creating up to 5,500 new jobs worth approximately £340m per year to the local economy.
Drawing on its energy heritage, strategic location and trading connectivity, Thames Enterprise Park also provides a unique opportunity for specialised industries, taking advantage of the Thames Freeport and being within the UK’s largest logistics cluster on the Thames Estuary.
Thames Enterprise Park can support the post-Covid economic recovery. By providing a major infrastructure project with immediate development potential, the project can help the country to ‘Build Back Better’ and boost UK global trade competitiveness,
Location and connectivity – Thames Enterprise Park is perfectly located to serve the Greater London market, while the wider south-east region – the UK’s most concentrated population with the highest average wage – is also easily accessible. It has unrivalled connectivity with fantastic river, road and rail links:
River
Located right on the River Thames
Road
The M25 is just 16 minutes away
Rail
The on-site train hub connects to UK and European rail networks
Thames Freeport
Thames Enterprise Park is partnering with London Gateway, Port of Tilbury and Ford’s Dagenham engine plant to bring forward Thames Freeport – a unique opportunity to deliver transformative benefits at scale across trade, investment and innovation, which could create more than 25,000 new jobs.
Located directly adjacent to DP World’s London Gateway, Thames Enterprise Park contributes 669 acres of additional development land as part of the 1,600 acre Thames Freeport. It brings substantial ‘additional regeneration’ potential to the Thames Freeport.
In March 2021, the Government announced Thames Freeport as one of eight selected Freeports across the UK. Find out more about Thames Freeport at: www.thamesfreeport.com
Who is delivering Thames Enterprise Park?
Thames Enterprise Park is being delivered by Thames Enterprise Park Limited, a joint venture between Greenergy and ALMCOR.
Greenergy
Formed in 1992, Greenergy supplies some of the UK’s largest fuel retailers while also operating in Canada, Brazil and Bahrain. Its customer base includes supermarkets, major oil companies, independent retailers and commercial users. Greenergy also operates two of Europe’s largest waste-to-biodiesel manufacturing facilities, located on Teesside and at Immingham.
Greenergy was one of three joint-venture partners to purchase the closed Coryton Oil Refinery. Having taken a majority stake in the joint venture in 2016, it is now the principle owner of this industrial legacy site and its related infrastructure. Greenergy is leading the investment in the Thames Oilport import terminal, while partnering with ALMCOR regarding future planning for Thames Enterprise Park.
ALMCOR & MARCOL
ALMCOR has operated in the industrial sector since its formation in 1995. A London-based, pan-European business with offices in the UK, France, Germany, Benelux and Hungary, ALMCOR has a strong track record in bringing forward large strategic development landholdings.
ALMCOR’s growing portfolio of strategic sites range from ‘ready to go’ developments to a significant strategic landbank. The company is a part of MARCOL, a privately owned and funded investment business with 40 years of trading history and more than €2.5bn assets under management, including industrial, residential, commercial, leisure and healthcare properties.
History of the site
The site has been an important industrial manufacturing site since 1895. It was initially an ammunitions factory then in the 1920s it became an oil storage depot. In 1953, the Coryton Oil Refinery was commissioned and was the South East’s largest independent oil refinery until its closure in 2012, employing thousands of local people.
Taking advantage of the oil refinery’s pipe networks, deep water port and connections into the UK’s grid system, Thames Enterprise Park has a unique opportunity to support the UK’s transition to net zero, including through next generation energy industries such as hydrogen.
The regeneration will transform the site into one of the most sustainable and energy-innovative enterprise parks in the UK, bringing the site back into economic life.
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