Odfjell wins two sustainable business awards
Norwegian terminal and shipping company Odfjell has been award the EcoVadis gold sustainability rating and has been ranked as number one among its industry peers by Sustainalytics, EcoVadis rates global supply chains on sustainability in more than 75,000 companies across more than 200 industries in more than 160 countries, monitoring how a company performs on […]
Stolthaven terminals and revivegen announce plans to build new terminal in Taiwan
Stolthaven Terminals and Revivegen Environmental Technology Co Ltd have signed a letter of intent to jointly develop a new greenfield terminal in Kaohsiung Port, Taiwan. Following Revivegen’s successful award of a land lease at the port, the two companies are currently working on a comprehensive feasibility study. Stolthaven Terminal’s interest in the new joint venture […]
‘Still a lot’ to be done on diversity in the North Sea, says BP boss
A senior oil and gas figure says more companies need to take diversity and inclusion “seriously” in order to drive real change in the sector. Emeka Emembolu, BP’s North Sea boss, says there are “a lot more people of colour” in the industry than there were when he started at the supermajor over 20 years […]
TWTG will provide its NEON Vibration Sensors at Shell’s Pernis Refinery
TWTG will provide its NEON Vibration Sensors at Shell’s Pernis Refinery in the Netherlands. Rotterdam, 31st August 2021. TWTG is excited to announce that they have won a tender by Shell Nederland. The I-IoT hardware company based in Rotterdam has now delivered the first 100 NEON Vibration Sensors to Shell’s Pernis Refinery. TWTG, a Dutch […]
Achieving Multi-terminal Data Unification with Dearman Systems
Many bulk liquid storage companies struggle to unify data from multiple terminals in their portfolio. While terminal automation systems can aggregate data at the terminal level, operations leaders have not had a quality product to effectively unify their data across terminal facilities. This creates a few problems for operators: Delayed or inaccurate reporting to corporate […]
Brazil signs four liquid terminal contracts
The Federal Government of Brazil has signed lease contracts for four liquid port terminals in the Port of Itaqui in Maranhão in northeast Brazil. The government says that the new leases guarantee private sector investment of BRL 611.9 million (€98.6 million). The leases for the four terminal sites, IQI03, IQI11, IQI12 and IQI13, were auctioned […]
Future North Sea oil investment risked by SNP-Green deal, warn industry figures
A power-sharing deal between the SNP and the Scottish Greens could thwart further investment in North Sea oil and gas, industry figures have warned. They said the arrangement in Holyrood would bring “unwelcome uncertainty” to the sector, which has already shed thousands of jobs in recent times. A deal between the two parties, falling short […]
Merkel: Europe Will No Longer Need Russian Gas In 25 Years
Europe will no longer need Russian gas in twenty-five years, German Chancellor Angela Merkel said at a meeting with Ukraine’s president, Vladimir Zelenski. “Europe will need to achieve climatic neutrality step by step by 2050,” Merkel said, as quoted by TASS. “It means that in 25 year[s] no gas, or very small volumes of gas, […]
China’s oil imports plummeted by 20% for second straight month in July
CHINA’S OIL IMPORTS PLUMMETED BY 20% FOR SECOND STRAIGHT MONTH IN JULY China’s oil imports are plunging as Beijing cuts supplies to dirty local oil refineries. Oil shipments to the world’s largest crude importer fell 20 percent in both June and July, year-on year, mainly because the government is reducing import quotas for independent refineries […]
Renewable fuel companies edge out some refiners on feedstock
NEW YORK, Aug 17 (Reuters) – Both renewable fuel processors and oil refiners are trying to profit off the growing market for sustainable aviation fuel and renewable diesel, but high prices for feedstocks like soybean oil has been more of a hazard for refiners, as their most recent earnings showed. These renewable fuel products are […]
Oil Prices Plunge As China Grapples With New COVID-19 Outbreak
Oil prices crashed by 4% early on Monday to the lowest level since May, after the world’s top crude importer, China, imposed more travel restrictions to fight what it sees as the worst outbreak since the original viral outbreak in Wuhan. Concerns about oil demand in China and the wider Asia region continued to weigh […]
Alkion refinances debt to invest in its terminals
European bulk liquid storage company Alkion has completed a sustainability-linked refinancing of its debt, raising a €100 million capex and acquisition fund to invest in its terminals. The term loans and ancillary facilities total €370 million, and this refinances the previous financing package of €255 million from 2019. The improved pricing is linked to three […]
SLNG and Keppel to collaborate on NGL extraction project
Singapore LNG Corp Pte Ltd (SLNG) is collaborating with Keppel Infrastructure through its wholly-owned subsidiary Keppel Energy Pte Ltd and another industry partner on the front end engineering design (FEED) for a natural gas liquids (NGL) extraction facility at the SLNG Terminal on Jurong Island. The project will unlock multiple benefits across the LNG and […]
Exolum to supply SAF to Heathrow
Spanish-based storage company Exolum is to pipe sustainable aviation fuel to London Heathrow Airport in the UK. Exolum has existing long-term agreements with Jet A1 fuel marketers to supply jet fuel to Heathrow, and Ignacio Casajús López, North West Europe lead for the group, says that the SAF supply developments are part of this. Using […]
Spanish Oil Major Repsol May Resume Oil Exploration In Libya
Spain’s Repsol is willing to resume oil exploration activities in Libya in light of the improved security situation in the African OPEC member, Libya’s National Oil Corporation (NOC) said on Wednesday after a meeting between Repsol representatives and NOC chairman Mustafa Sanalla in Tripoli. Repsol is a joint venture partner in the company Akakus Oil—along […]
Study for commercial-scale hydrogen imports
Port of Rotterdam Authority, Koole Terminals, Chiyoda Corp. and Mitsubishi Corp. have signed an agreement to a joint study on the feasibility of a commercial-scale import of hydrogen from overseas sources to one of Koole’s terminals in the port of Rotterdam utilising Chiyoda’s proven hydrogen storage and transportation technology SPERA Hydrogen™. Northwest Europe will have […]
Neste Joined the Membership of Bioenergy Australia
In July 2021, Neste became a member of Bioenergy Australia,the leading bioenergy industry association in the country. This membership provides Neste with the opportunity to support initiatives to tackle climate change and decarbonise transport in Australia. Being a member of Bioenergy Australia, Neste will contribute its expertise in reducing aviation emissions through the Sustainable Aviation […]
Chemical tank roof collapses at LyondellBasell refinery
A floating chemical tank roof collapsed at LyondellBasell’s refinery in Houston, US, causing the release of carbon disulphide, dimethyl disulphide and methyl ethyl disulphide. A pungent, garlic-like smell was reported by local residents on 14 July 2021, according to the Houston Chronicle, but no company claimed responsibility. Harris County Pollution Control Services (PCS) said on […]
The scale and the challenge
In the fourth of Tank Storage Magazine’s coverage of the ‘Women in Tanks’ series, Xiling ‘Tess’ Zhou talks about her affinity to the industry and the joy of an international community It’s fair to say that Xiling ‘Tess’ Zhou loves the tank storage industry, and she is a bit of a newcomer. Having spent much […]
Transaction process commences for Trinidad’s national refinery
Trinidad Petroleum Holdings Ltd (TPHL) has commenced a broad-based process for a transaction involving the Guaracara Refining Co. Ltd’s refining assets, and the restart of the refinery. Guaracara currently holds the assets of the national refinery of Trinidad & Tobago (formerly held by the Petroleum Co. of Trinidad and Tobago Ltd.). Located on the sheltered […]
Kinder Morgan buys Kinetrex Energy
North American infrastructure giant Kinder Morgan has bought US LNG supplier Kinetrex Energy from an affiliate of Parallel49 Equity. As well as being the leading LNG supplied the US Midwest, Kinetrex has a 50% stake in the largest renewable natural gas (RNG) in Indiana, US. It has also signed commercial agreements to construct three further […]
Updated Industry Trends Report uncovers shifting priorities after COVID-19
London, 20 July 2021: StocExpo, the leading event for the bulk liquid storage industry, has released an updated Trends Report ahead of its return to Rotterdam, Netherlands on 8-10 March 2022. The 2020 report, which surveyed the opinions of hundreds of industry leaders to get their views on what the next year had in store […]
ExxonMobil to Participate in Acorn Carbon Capture and Storage Project in Scotland
IRVING, Texas – ExxonMobil has signed a Memorandum of Understanding to participate in the recently announced Acorn carbon capture and storage project (CCS) in Scotland. The project plans to capture and store approximately 5-6 million tons of CO2 per year by 2030 from gas terminals at the St Fergus complex at Peterhead, Scotland, which includes […]
Gerard Blok appointed commercial director of the Gpi Group
As of 1 July 2021, Gerard Blok is appointed as commercial director of the Gpi Group. Together with CEO Fred Boere and COO Arno Rodenburg he will be responsible for the commercial strategy of the company. “Gerard has been closely involved in the development of Gpi into the company we are today. With his commercial […]
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 […]
Oiltanking joins forces with Singapore authorities to enhance digitalisation in the supply chain
Oiltanking has announced it is a founding shareholder of Singapore Trade Data Exchange (SGTraDex), a Singapore-driven Public-Private partnership aimed at reshaping the local supply chain ecosystem through digitalisation. The Common Data Infrastructure (CDI) based initiative will provide the platform to enhance interoperability amongst supply chain ecosystem players and enable neutral, trusted, and secure data flows. […]
Joint call for action on Fit for 55 package
Joint call for action on Fit for 55 package from the Renewable & Low-Carbon Liquid Fuels Platform The European Commission’s Fit for 55 Package promises a bold new era in the fight against climate change, with proposed regulations to enable a 55% GHG emissions reduction target for 2030 and set the EU on course to […]
INEOS announces £25 million backing for HydrogenOne
INEOS Energy has agreed to make a significant investment in HydrogenOne Capital Growth Plc (HydrogenOne) which will be the first London-listed fund dedicated to clean hydrogen for the energy transition towards net zero carbon emissions by 2050. INEOS will purchase 25 million shares in the forthcoming IPO of HydrogenOne, representing 10% of the target fund […]
Oiltanking to host ReGen III re-refinery
Oiltanking North America has signed a non-binding letter of intent (LOI) with cleantech company ReGen III to host a used motor oil re-refinery production facility at the Oiltanking Galveston County Terminal (OTGAL), in Texas City, US. Under the terms of the LOI, Oiltanking will lease ground at OTGAL to ReGen III for the re-refinery, and […]
Keystone XL Owner Seeks $15 Billion In Damages From Washington
TC Energy, the Canadian pipeline operator that was building the Keystone XL project, has filed a notice of intent to initiate a claim against the Biden administration for the suspension of the project, seeking $15 billion in damages. According to the notice, the U.S. administration violated the North American Free Trade Agreement with its decision […]
Implications of the energy transition for the European storage
Brussels 6 July: FETSA representing European bulk liquid storage, and UPEI thevoice of Europe’s Independent Fuel Suppliers publish a landmark study on theImplications of the energy transition for the European storage, fuel supply anddistribution infrastructure. The study was carried out by the leading energy andeconomics consultancy Trinomics. Ravi Bhatiani, FETSA Executive Director, said “The study […]
Eco-fuels, a powerful ally in the energy transition
Society is immersed in the challenge of promoting initiatives aimed at reducing greenhouse gas emissions to achieve the highest possible decarbonisation, especially in the transport sector and, specifically, large-tonnage and long-distance transport , which is difficult to electrify. In this fight against climate change, eco-fuels can become one of the best allies, not only because […]
bp CEO Bernard Looney takes part in a webinar on the energy industry in transition
Source: BP bp CEO Bernard Looney takes part in a webinar on the energy industry in transition as part of the annual Columbia University Global Energy Summit In this excerpt from the Columbia University interview, Bernard highlights the important role hydrogen can play in helping to decarbonize hard-to-abate industries and talks about how collaborating to […]
Early stage & conceptual estimating: tank terminal industry
Duration: 50 minutes Watch the webinar to discover how Conceptual Estimating can improve the performance of Tank Terminals. About the webinar Tank Terminals provide connections between the key links in the chains –production, refining, and distribution – and serve as a repository for surplus and buffer inventory. Even though Tank Terminals can profit greatly from […]
Industrial-IoT in action
LoRaWAN sensors are defining the blueprint to digitise industrial sites at the first Vopak Terminal in Vlaardingen Royal Vopak is a Dutch company with tank storage facilities operating worldwide. Every day, hundreds of processes are carried out and checked manually to ensure ongoing safe and efficient operations. To create increased transparency, insight, and understanding of […]
Oiltanking Karimun and Matrix Global announce partnership to develop an Auction Platform for Refined Product Storage Capacity in Karimun, Indonesia
PT. Oiltanking Karimun (“PTOTK”) and Matrix Global Holdings LLC (“Matrix”) have established a partnership to develop an auction program for storage capacity at PTOTK’s facility on Karimun Island in Indonesia. Using Matrix’s proprietary auction platform, PTOTK explores to offer refined product storage capacity for amounts and terms to be determined by PTOTK. Depending on the […]
Highview Power unveils plan for first 500MWh liquid air storage project in Latin America
A joint venture (JV) partnership to develop and construct long-duration liquid air energy storage (LAES) projects at scale in Latin America has revealed plans for its first project. Highview Enlasa, formed as a 50:50 owned JV between UK-headquartered LAES technology provider Highview Power and Chilean backup power generation company Energia Latina SA Enlasa in October […]
Keeping Europe moving with lower emissions: the key role of low-carbon liquid fuels
Source: Exxonmobil – By Philippe Ducom, President, ExxonMobil Europe One of my favourite ways to travel on holiday and to discover new local destinations throughout our continent, is still by driving my car. It gives me the ultimate sense of freedom, a sensation we’ve all unfortunately been lacking during the last year of lockdowns. As […]
The spirit of Shell will rise to the challenge
Source: Ben van Beurden Chief Executive Officer at Shell – LinkedIn How does Shell respond to a court ruling in The Hague to reduce its carbon emissions even faster than planned? In this article, I set out how I believe we should rise to the challenge. Should a court single out an energy company to […]
Neste is aiming for 100% renewable electricity use globally by 2023
Neste is aiming for 100% renewable electricity use globally by 2023 ⎼ the use of wind power will be increased at the Porvoo refinery in Finland Neste is committed to reaching carbon neutrality in its production by 2035. As part of this effort, Neste aims for 100% renewable electricity use globally by 2023. In order […]
Gate Terminal has received ISCC certification
Gate terminal, a joint venture of Vopak and Gasunie, is pleased to announce it has received ISCC certification as a Bio-LNG warehouse. Gate is constantly looking to reduce the environmental impact of the LNG chain and of the LNG product itself. This certification will allow our customers to import certified Bio-LNG and distribute it towards […]
Liz Copland
As an environmental geoscientist, my focus coming out of University was on sustainability and finding a position that would allow me to see the impact of managing risk and ensuring environmental compliance. I never thought I would be applying these concepts within an industrial engineering environment, or that eventually I would work on some of […]
Africa’s Oil Nations Push Against Global Drive To Shun Oil And Gas
Africa’s largest oil producers do not plan to abandon oil and gas exploration and production and could consider creating a continent-wide bank to fund new projects when international banks refuse to finance new developments. Nigeria, an OPEC member and the largest oil producer in Africa, hosted this week a round table on local content in […]
G7 Nations Invest More In Fossil Fuels Than Clean Energy Despite Pledges
The G7 nations have been pumping more in fossil fuels than in clean energy since the start of the pandemic, despite headline-grabbing pledges for ‘building back greener’, a new report found on Wednesday. Since the pandemic started, major industrialized nations, including the U.S. earlier this year, have pledged to achieve net-zero emissions by 2050 and […]
Understanding the effects of incentives in the renewable fuels market
The fuel refining business is in a state of flux, aligning with the broader energy transition to more renewable and decarbonized sources. As renewable fuels produced from vegetable oils and other agricultural feedstocks become a bigger part of the conversation, refiners are asking how a carbon tax in the United States might affect the market. […]
Stolthaven sues ITC over 2019 Deer Park fire
US terminal Stolthaven Houston is suing Intercontinental Terminals Company (ITC) for US$264,561.10 (€218,350) in damages following the large fire at ITC’s 13.1 million bbl Deer Park terminal in March 2019. The Deer Park fire began on 17 March 2019 in chemical storage tanks containing naphtha following a naphtha leak and spread to others. ITC had […]
Oiltanking announces sale of its terminal in Mozambique
Oiltanking GmbH announces today that it has completed the sale of its investment in Matola Terminal de Armazenamento de Petróleos S.A. (formerly known as Oiltanking Matola S.A.) to a consortium of Energi Asia DMCC and Al Braik Investments LLC, both based in the United Arab Emirates.Oiltanking GmbH announces today that it has completed the sale […]
Gpi Tanks opens new office in Germany
Gpi, the Dutch manufacturer of tanks and process equipment, has recently established a German subsidiary, Gpi Tanks GmbH, in Kassel. The move is intended to consolidate the company’s presence on the German market. A team of three experts will operate out of Kassel providing consultancy services to a wide range of industries. The stainless steel […]
Oil Prices Hit 2-Year High
Oil prices hit their highest level in more than two years as OPEC+ agreed to maintain its production cut plans while demand projections continue to improve. – The average retail price for gasoline in the U.S. jumped above $3 per gallon last week, the highest price since 2014. – Memorial Day travel is expected to […]
Odfjell awarded for trainee program in Norway
The Norwegian Prime Minister Erna Solberg has announced Odfjell as recipient of the Foundation for Norwegian Maritime Competence’s annual award. In her speech, the Prime Minister highlighted Odfjell’s long-term efforts to recruit and train young maritime talents. The award is established to inspire recruitment and recognizes shipowners who offer training programs to young maritime talents. […]