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To strengthen the collaboration in the field of high technology by expanding the industrial territory of the Freeport of Ventspils, on December 3, the Freeport of Ventspils Authority officially joined the national microchip initiative. Currently, it brings together several Latvian and foreign organizations that work to promote the business environment, technology, and education.

“Froli Baltic”, a company operating in the industrial zone of the Freeport of Ventspils, has opened a new production line this month, which will allow the business not only to fabricate polyurethane parts that are already provided in larger quantities but also to expand the overall manufacture offer and ensure faster product delivery to customers.

Co., Ltd. “Vitol Terminal Latvia” (VTL), previously known as Co., Ltd. ““Ventspils Nafta” Terminal”, flexibly adapts to market shifts, continuously enhancing and extending the scope of services. In response to customer needs, starting this December, VTL will deliver a new service – storage and transshipment of aniline.

This week, the Freeport of Ventspils Authority together with port entrepreneurs and other representatives of the Latvian transport and logistics industry is participating in the 20th international exhibition and business forum “TransLogistica Uzbekistan 2024”.

The Latvian company SIA PurpleGreen Energy C (PurpleGreen), which is developing a project to construct a green ammonia production plant within the territory of the Freeport of Ventspils, and the German energy resources trading company S.E.T. Select Energy GmbH, along with its subsidiary Select New Energies GmbH (SET), signed a Memorandum of Understanding on 24 October of this year in Hamburg, Germany, for the sale of 550 thousand tonnes of green ammonia per annum over a twenty-year period.

The UK-based international investment publication fDi Intelligence has released its study on special economic zones worldwide, Global Free Zones of the Year 2024. The Freeport of Ventspils has received recognition from the judging panel for its significant efforts in advancing projects in offshore wind power industry in the Baltic Sea region.

The Freeport of Ventspils Authority continues to be active in the renewable energy sector, learning from the techniques of other countries. At the beginning of October, Kaspars Liepiņš, the developer of the renewable energy cluster of the Freeport of Ventspils Authority, participated in the event “Hydrogen Trade Mission to the Netherlands - Building renewable and low-carbon Hydrogen Ecosystems” taking place in the Netherlands. The representative of the Freeport of Ventspils Authority earned valuable knowledge from the most progressive accomplishments in the sector of green energy, and the expertise gained will be used in Ventspils on its way to developing the hydrogen energy ecosystem.

This week, from October 9 to 11, representatives of the Freeport of Ventspils Authority are partaking in the international transport and logistics exhibition “TransLogistica Kazakhstan 2024”. The significant transport and logistics industry event takes place in Astana, the capital of Kazakhstan, gathering leading market representatives and transnational industry specialists from various countries.

The Freeport of Ventspils Authority continues to explore the renewable energy sector, acquiring experience from the models of other ports. Kaspars Liepiņš, the representative of the Freeport of Ventspils Authority and Developer of the Green Energy Cluster, had the opportunity to partake in the visit of the representatives of the Baltic States to Denmark. In three days the participants learned about the most recent advancements in Denmark’s green energy sector, which will help Ventspils as it progresses toward a hydrogen environment.

On October 3, Ventspils was visited by economic diplomats of the Ministry of Foreign Affairs of the Republic of Latvia, whose daily work is to represent Latvia’s economic interests abroad. More than 30 Latvian diplomats from various countries, including Uzbekistan, Egypt, Ireland, Australia, and Georgia, partook in the event.