Danish firm Bitumen Danmark's new bitumen terminal will go ahead in Nyborg and is expected to be completed around the middle of 2027.
Once completed, the storage facility, including three tanks of 5,000m³ each and extra space for blending, will focus initially on the domestic Danish market, but could also feed neighbouring countries.
The planned location changed late last year from Kalundborg to Nyborg.
Bitumen Danmark said Nyborg would be an effective location for providing good value and for ease of distribution.
A spokesman for the Port of Kalundborg stressed that no agreement was ever reached with Bitumen Danmark, barring an initial conversation about the potential project, adding that there is no ongoing project for a bitumen terminal there.
The Nyborg terminal could be expanded at a later date and could accept bitumen vessels of up to 30,000dwt.
Bitumen Danmark is in talks to enter into partnerships with international bitumen suppliers and traders and domestic distributors.
Start up of the terminal could come by the second quarter of 2027.
Denmark's bitumen imports totalled 191,000t in 2025, rising from 184,000t in 2024, with most vessels discharging in Nyborg.
Demand is expected to firm this year against last year in Denmark and some surrounding markets, with participants expecting increased funding for roadworks. In Sweden, demand is set to be firm as the government has committed to expansive infrastructure and roadwork projects.
The new terminal at Nyborg could also feed north Germany and southern Sweden. Funding is now in place for the terminal and the environmental permit has been sought.
Bitumen Danmark is owned by German BVH Group, a key bitumen buyer and supplier in Germany and parts of central Europe.
