News & Events

Today, on April 18, a Memorandum of Cooperation was signed in Ventspils between the Freeport of Ventspils Authority and the Ukrainian state enterprise “Commercial Sea Port "Chornomorsk".” The memorandum was signed by Mr. Igors Udodovs, Deputy CEO and Head of the Marketing and Development Department of the Freeport of Ventspils Authority, and Mr. Pavlo Podolian, Deputy Director for Economics of the Port of Chornomorsk.

In the first three months of 2025, the terminals operating in the Freeport of Ventspils handled a total of 2.38 million tons of cargo, which is 1.5% more than in the first quarter of 2024. The volume of transshipped oil products and cargo transported by ferries has increased, while the volume of coal has decreased the most.

To make shipping more environmentally friendly, the European Union is developing projects that promote the use of alternative fuels. The H2Derivatives@BSP cooperation project of seven European countries is one of those that is expected to play a dominant role in this process. Its goal is to design hydrogen alternative fuel infrastructure in the ports of the Baltic Sea. The Freeport of Ventspils Authority is one of the leading partners in the project and will be accountable for developing a technical and business model for producing and using renewable energy and alternative fuels in ports.

Over the next four years, the Freeport of Ventspils Authority, participating in the project “MarTe: Marine Technology Excellence Hub for Sustainable Blue Economy in the Baltics”, funded by Horizon Europe, the key funding programme for research and innovation of the European Union, will analyze the opportunities of the Freeport of Ventspils to develop its operations following the opportunities and sustainability prerequisites of the blue economy. The project, aiming to work out practical solutions and policy improvement suggestions for the blue economy in Estonia and Latvia, involves 13 education and research, public sector, business development, and non-governmental organizations.

The Freeport of Ventspils Authority continues to explore renewable energy resources, drawing insights from industry experts in other countries. At the end of November, Kaspars Liepiņš, the developer of the renewable energy cluster of the Freeport of Ventspils Authority, participated in the event “Offshore Wind Visit to the Netherlands”, taking place in the Netherlands.

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.