Spain's Exolum to invest $320 million in Britain, Reeves says

Key Takeaways

• Exolum, a Spanish liquid storage and logistics firm, plans a £240 million investment in the UK, underlining growing commercial ties with Spain following Reeves’s Madrid trip (Reuters, Mar 18 2026).
• The investment likely supports Exolum’s existing network of UK storage terminals, pipelines and logistics infrastructure, strengthening its role in sectors like aviation fuel and sustainable energy carriers. Exolum already operates 24 UK terminals (2.5 million m³ capacity) and a 2,000 km pipeline network servicing major airports like Heathrow and Gatwick (company data).
• This move aligns with Exolum’s broader strategy of international expansion and energy transition—from hydrocarbon logistics toward biofuels, SAF blending facilities, and pioneering hydrogen logistics—highlighting its evolving business model.