Mayer Brown has advised Dow on its participation in Hanseatic Energy Hub, the project company for the future LNG terminal at Stade industrial park (Lower Saxony, Germany), near the port of Hamburg. Dow Inc. (NYSE: DOW) takes a minority stake in HEH and is contributing the land for the construction of the terminal as well as infrastructure services, off-gas heat, site services and mutual harbor use rights.
The parties have agreed not to disclose details of the participation and the cooperation.
At the Stade site, one of the most important and largest industrial sites in Lower Saxony in Germany, Hanseatic Energy will plan and build a LNG terminal, which is expected to provide regasification capacity of 13,3 billion cubic metres a year from 2026 onwards. The gas can be be feeded into the German gas network as well as be loaded onto LNG tankers, bunker barges, trucks and rail. Further, Hanseatic Energy Hub will develop facilities to offer future energy solutions, for example for hydrogen and bio-LNG.
Dow, listed at the New York Stock Exchange (NYSE: DOW) and registered in the United States, is the parent company of Dow Deutschland Anlagengesellschaft mbH and one of the world's largest Material Science companies worldwide offering innovations and solutions for its customers in high-growth market segments, such as packaging, infrastructure, mobility and consumer applications.
The Mayer Brown team was led by Corporate & Securities partner Dr. Julian Lemor and Real Estate partner Dr. Fabian Hartwich and included: Corporate & Securities – partner Carsten Flaßhoff (Düsseldorf), counsel Dr. Malte Richter (Frankfurt); Real Estate – counsel Dr. Philipp Schaefer, associate Christian Gerhards; Tax Transactions & Consulting – partner Volker Junge, associate Kai Yan (all Frankfurt); Antitrust and Competition – partner Christian Horstkotte (Düsseldorf).
Sarah Shirley Braun