WILLEMSTAD – 2BAYS says it remains firmly committed to activating and redeveloping Curaçao’s former refinery and port-related facilities in a sustainable manner, as new regional developments create fresh opportunities for the island’s industrial assets.
In an update on its activities, the company emphasized that its guiding mandate remains aligned with the directive of the Government of Curaçao: to durably activate the facilities while exploring and developing the land and infrastructure available.
Bullen Bay: Expanding Capacity and Services
At Bullen Bay, 2BAYS is working to secure long-term operational durability while preparing the site for expanded use. The company says it is exploring ways to maximize storage capacity and introduce additional activities and services that can contribute to a more resilient and sustainable future for the area.
Bullen Bay continues to play a central role in Curaçao’s port and oil logistics infrastructure, and 2BAYS aims to position the facility for broader industrial and maritime activities beyond traditional storage functions.
The company also indicated that Bullen Bay is close to obtaining its environmental nuisance license, a key regulatory requirement for continued operations.
Emmastad: Asphalt Train and Industrial Expansion
At Emmastad, preparations are continuing for the potential restart of the asphalt train. The project, originally initiated by Global Oil, had been placed on hold due to U.S. sanctions affecting the Venezuelan market. With sanctions now lifted, 2BAYS expects renewed momentum.
According to the company, Emmastad could play a growing role in the production of specialized products, strengthening Curaçao’s industrial base and diversifying activities at the site.
However, 2BAYS is still working closely with the Ministry of Health, Environment and Nature (GMN) to secure updated nuisance licenses required for operations at Emmastad.
Contract Changes and New Partnerships
Following the earlier announcement of the termination of its contract with VIGOR, 2BAYS confirmed that it has entered into discussions to wind down the agreement in good faith.
Meanwhile, the company is exploring new industrial opportunities. In collaboration with NAVCARIB, it is examining the possibility of developing ship repair and maintenance facilities at Emmastad, utilizing the existing jetties and quays.
2BAYS also recently signed a lease agreement with Aqualectra for the construction of a 40-megawatt power plant on its premises. The plant is currently under construction and is expected to enhance energy reliability and future capacity on the island.
Negotiations are also underway with Curoil to develop a new facility for the storage and distribution of gas and fuel for the local market. The project is planned for the area formerly known as Bleinheim, where obsolete infrastructure would be repurposed to meet modern operational and environmental standards.
Focus on Sustainable Industries
Beyond oil and gas-related activities, 2BAYS says redevelopment efforts are being structured around four strategic segments: sustainable energy and resources, ports and logistics, light industry and food production, and essential island needs.
The company reports growing interest in high-tech food farming at Ecopark (Isla West), aimed at supporting food security and innovation. Plans are also being studied for the development of an 8-megawatt solar park as part of the broader Isla West Ecopark concept.
2BAYS maintains that oil and gas activities can serve as a catalyst for generating the investment needed to redevelop critical infrastructure and support long-term economic transition.
As redevelopment progresses, the company says it continues to position itself as a leading force in the transformation of Curaçao’s industrial port area into a modern and sustainable economic hub.