Belfast Telegraph

Five things to know about InfraStrata, the new owners of Harland and Wolff

(Front left to right) Harland and Wolff worker Joe Passmore and Denise Walker of GMB union, along with fellow worker Barry Reid (rear left) speak to workers and supporters: Tuesday October 1, 2019.
(Front left to right) Harland and Wolff worker Joe Passmore and Denise Walker of GMB union, along with fellow worker Barry Reid (rear left) speak to workers and supporters: Tuesday October 1, 2019.
(Left to right) Harland and Wolff worker Barry Reid, GMB representative Denise Walker, Harland and Wolff worker Joe Passmore, and Unite representative Susan Fitzgerald celebrate following the announcement that the Belfast shipyard has been saved: Tuesday October 1, 2019.
Harland and Wolff workers holds t-shirts from the GMB union following the announcement that the Belfast shipyard has been saved after it was bought for £6 million by InfraStrata, a company that works on energy infrastructure projects. PA Photo. Picture date: Tuesday October 1, 2019.
Harland and Wolff worker Joe Passmore writes his thanks to those who supported the shipyard workers as workers and supporters celebrate following the announcement that the Belfast shipyard has been saved: Tuesday October 1, 2019. See PA story ULSTER Shipyard. Photo credit should read: Liam McBurney/PA Wire
Harland and Wolff workers Barry Reid (left) and Joe Passmore celebrate following the announcement that the Belfast shipyard has been saved after it was bought for £6 million by InfraStrata, a company that works on energy infrastructure projects. PA Photo. Picture date: Tuesday October 1, 2019.
Workers celebrate today at Harland and Wolff after the company was sold to energy firm InfraStrata, saving it from closure.
PACEMAKER PRESS BELFAST 1/10/2019 Workers celebrate today at Harland and Wolff after the company was sold to energy firm InfraStrata, saving it from closure. Harland and Wolff went into administration in August but was today bought for £6 million. 79 jobs will be retained and the company hopes to employ more workers in the next 5 years. Photo Laura Davison/Pacemaker Press
PACEMAKER PRESS BELFAST 1/10/2019 Workers celebrate today at Harland and Wolff after the company was sold to energy firm InfraStrata, saving it from closure. Harland and Wolff went into administration in August but was today bought for £6 million. 79 jobs will be retained and the company hopes to employ more workers in the next 5 years. Pictured are the main organisers of the 9 week occupation: Susan Fitzgerald, Joe Passmore, Barry Reid, Paul Beattie and Denise Walker. Photo Laura Davison/Pacemaker Press
PACEMAKER PRESS BELFAST 1/10/2019 Workers celebrate today at Harland and Wolff after the company was sold to energy firm InfraStrata, saving it from closure. Harland and Wolff went into administration in August but was today bought for £6 million. 79 jobs will be retained and the company hopes to employ more workers in the next 5 years. Photo Laura Davison/Pacemaker Press
PACEMAKER PRESS BELFAST 1/10/2019 Workers celebrate today at Harland and Wolff after the company was sold to energy firm InfraStrata, saving it from closure. Harland and Wolff went into administration in August but was today bought for £6 million. 79 jobs will be retained and the company hopes to employ more workers in the next 5 years. Photo Laura Davison/Pacemaker Press
Harland and Wolff shipyard has been saved from closure after being bought for £6m by a London-based energy company.
Harland and Wolff shipyard has been saved from closure after being bought for £6m by a London-based energy company.
Harland and Wolff shipyard has been saved from closure after being bought for £6m by a London-based energy company.
Harland and Wolff shipyard has been saved from closure after being bought for £6m by a London-based energy company.
Harland and Wolff shipyard has been saved from closure after being bought for £6m by a London-based energy company.

They've hit the headlines for rescuing the Harland and Wolff shipyard, but how much do we know about UK based energy company InfraStrata?

Islandmagee gas storage project

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InfraStrata recently announced it had completed pre-construction reports on its £265 million Islandmagee, Co Antrim gas storage project and expects that the remainder of milestones will be completed on time. However, the project faces considerable opposition on environmental grounds. Harland and Wolff workers are now set to be involved in steel fabrication works at the underground facility required for the project in the salt caves.

Formerly known as Portland Gas

InfraStrata was formerly known as Portland Gas plc when it demerged from Egdon Resources plc, a focused exploration and production business on January 16 2008. The company was admitted to the AIM market (a sub-market of the London Stock Exchange) on January 17 2008.  The name change to InfraStrata plc was effected on December 15 2009.

Wants to have four or five projects at one time

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John Wood
 

Chief executive John Wood told web portal for private investors London South East in July that his company wants to have several projects underway at any one time, all with different stages of completion to develop InfraStrata as a business with a market cap of hundreds of millions. He said the Islandmagee project is their main focus and that they're making steps to monetise it. "We're starting now to look again at the next project and the next project, so really there will be four or five projects coming together. Islandmagee is a great project and we're making tremendous strides."

Pulled out of oil business

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Woodburn Forest

InfraStrata announced in 2016 it had decided to divest itself of "remaining oil and gas exploration interests" and move exclusively into gas storage. Protests had taken place over its exploratory drilling at Woodburn Forest near Carrickfergus because of water supply fears. No oil was found at the site.

Drew the attention of Mark Ruffalo

 

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Mark Ruffalo as The Hulk

The aforementioned exploratory drilling at Woodburn Forest drew the attention of green campaigners, the most famous of which was Mark Ruffalo. The Avengers star, who played The Hulk in 2016, wrote to then environment minister Mark H Durkan about his concerns of the water supply becoming contaminated.

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