FETSA committed to supporting the EU’s climate neutrality targets

FETSA, the trade body representing European bulk liquid storage across
geographic Europe, is committed to supporting the achievement of the EU’s
climate neutrality targets.

Today, the European Commission has announced its Fit for 55 legislative
package, containing a range of measures aimed at achieving a 55 percent
reduction in greenhouse gas emissions by 2030. The Package covers many
areas of relevance to the bulk liquid sector.

Ravi Bhatiani, Executive Director of FETSA, comments: “As critical logistics
infrastructure providers, including for the transport sector, we will play a
crucial role in developing the necessary flexibility in our storage terminals and
related infrastructure to manage change and accommodate the integration of
new energy alternatives.

With the Fit for 55 package covering a number of other areas related to bulk
liquids, Bhatiani adds: “To unlock future opportunities and the necessary
infrastructure investment to make Fit for 55 a success, it is clear that
unprecedented collaboration will be required. To that end, FETSA will
continue to work in partnership with EU and other relevant authorities to
ensure that liquid products, from liquid fuels to chemicals, fertilizers,
foodstuffs and animal feed can continue to flow safely and efficiently to meet
demand now and in the future.”

Referring to the tank storage preparations for the energy transition already
under way, Bhatiani also commented on a recent study prepared by FETSA,
in partnership with UPEI (representing independent fuel suppliers): “A recent
study we commissioned on the implications of the energy transition for the
European storage, fuel supply and distribution infrastructure, shows that
current tank terminal infrastructure will be critical to the energy transition as
well as the strategic autonomy and resilience of the EU. While most liquids
that will be incentivised through the Fit for 55 package, such as synthetic
liquids, will require little in the way of adaptation costs, others such as
hydrogen, for example, when stored as ammonia, will require further
investments. Ultimately, public authorities working in partnership with the
private sector will be key to implementing this policy package.”