Mitsui & Co acquires majority stake in Nutrinova Netherlands
Mitsui & Co has agreed with Celanese, a leading American chemical company, to acquire a 70% stake in its wholly owned subsidiary Nutrinova Netherlands. The purchase price for the shares is $472.5 million (€437.9 million). Following the acquisition, Nutrinova will become Mitsui’s equity method affiliate. The share purchase will be executed within the fiscal year […]
Banpu announces carbon sequestration agreement
International versatile energy provider, Banpu, has taken another big step forward in the carbon capture, utilisation and storage (CCUS) project in the US. This follows the initiatives of the Barnett Zero and the Cotton Cove projects. The company recently entered into a carbon sequestration agreement with the State of Louisiana, referred to as the High […]
Kinder Morgan and Howard Energy Partners announce expansions of natural gas transportation systems
Kinder Morgan Tejas Pipeline (Tejas), a subsidiary of Kinder Morgan and Howard Energy Partners (HEP), through its joint venture Dos Caminos (Dos Caminos), have announced the receipt of the necessary binding commercial agreements to expand their respective Eagle Ford natural gas transportation systems. Dos Caminos is a joint venture between HEP and an affiliate of […]
NSW Ports announces Smartflow digital solution is live
NSW Ports, Australia, has announced its selected comprehensive solutions provider, Platform8 and partners Smartflow digital solution for ship-to-shore ISGOTT processes – are now live. This solution is streamlining NSW Ports operations, boosting safety, and ensuring compliance within the maritime industry. The improved visibility and collaboration drives cost and carbon savings. Read more here. Source: www.tankstoragemag.com Share this […]
Exolum Fills 49% of Technical Positions with Women
In 2022, 49% of the open technical positions at Exolum were filled by women. Exolum is firmly committed to the establishment of measures leading to equal opportunities and the creation of quality jobs. In relation to STEAM professions, the company is part of the STEAM Alliance for female talent. Girls standing for science’, an initiative […]
Cummins and Chevron announce strategic collaboration
Cummins and Chevron USA, a subsidiary of Chevron, has announced a memorandum of understanding (MoU) to leverage complementary positioning in hydrogen, natural gas, and other lower carbon fuel value chains. The announcement expands the two companies’ previous strategic collaboration on hydrogen and renewable natural gas. Read more here. Source: www.tankstoragemag.com Share this article Register […]
Santos Bayu-Undan joint venture and Timor Gap sign MoU for CCS
Australian oil and gas exploration and production company, Santos and its Bayu-Undan joint venture partners have signed a memorandum of understanding (MOU) with national oil company, Timor Gap. This is to explore partnership opportunities for the proposed Bayu-Undan carbon capture and storage (CCS) project offshore Timor-Leste, Asia. Read more here. Source: www.tankstoragemag.com Share this article […]
INEOS and SINOPEC complete petrochemicals deal
Global chemical business, INEOS has completed the formation of a 50/50 joint venture with oil and gas business, SINOPEC for the Tianjin Nangang Ethylene Project, China announced in December 2022, which is currently under construction by SINOPEC and expected to be on-stream by April 2024. The petrochemical complex includes a 1.2 MTPA cracker, a new […]
Equinor acquires Rio Energy
Equinor has settled an agreement with Denham Capital to acquire Rio Energy, a leading onshore renewable fuels company in Brazil. The deal is in line with Equinor’s strategy to grow its onshore renewables business in select markets, through acquisition of local companies with high-quality teams and project pipelines. Following the transaction, Equinor will hold a […]
Meet Lily, Marketing Intern
What does sustainability mean to you and how important is it? In my opinion, sustainability is very crucial. In the world of resources getting scarcer, it’s important to find more ways to maintain the Earth’s ecosystem as well as stop harmful processes that may deplete natural resources for the future. What was your first week […]
Manabaft Acquires Oiltanking Terminal in Copenhagen
Mormugao Port Authority (MPA) has put two parcels of land up for auction in India, for bulk liquid cargo terminals. A total of 5,067 m2 of land is being auctioned off. Terminals can be built and operated for five years. A 1,176 m2 parcel of land near the coal dumps has been identified as a […]
Mormugao Port Authority to auction land for bulk liquid storage
Mormugao Port Authority (MPA) has put two parcels of land up for auction in India, for bulk liquid cargo terminals. A total of 5,067 m2 of land is being auctioned off. Terminals can be built and operated for five years. A 1,176 m2 parcel of land near the coal dumps has been identified as a […]
Centrica to double Rough storage capacity
Following further engineering work and investment, Centrica has announced it is increasing gas storage capacity at Rough, the UK’s largest gas storage facility. Further investment means Rough will now be able to store up to 1.5 billion m³ of gas, boosting the UK’s energy resilience for the coming winter. This increase would provide the equivalent […]
Neste, Gasgrid Finland, Helen, Vantaa Energy join for hydrogen valley
Neste, Gasgrid Finland, Helen, and Vantaa Energy have started preliminary studies on the development of an industrial hydrogen valley in the Uusimaa region, Finland. The joint effort is a step forward in driving Finland as a leading hydrogen economy in Europe. The move will create industrial investment opportunities and support Europe’s carbon neutrality goals. The […]
JAL and Shell Aviation sign agreement for SAF
Japan Airlines (JAL) has signed an agreement with Shell Aviation for its aircraft to be refuelled in Los Angeles, USA with sustainable aviation fuel (SAF) from 2025. This agreement supports JAL’s ESG target of replacing 1% of its whole jet fuel amount with SAF in fiscal year 2025. Under the agreement, Shell will supply JAL […]
Woodside approves investment in Trion development
Australian petroleum exploration and production company, Woodside Energy has made a final investment decision to develop the large, high-quality Trion resource in Mexico, with the first oil targeted for 2028. The resource will be developed through a floating production unit (FPU) with an oil production capacity of 100,000 barrels per day. The FPU will be […]
Meet Josh, Sales Manager
What does sustainability mean to you and how important is it? Sustainability means a great deal to me, it means making sure that the future generations to come have as cleaner a living environment as possible. I think changes all start in our homes, making sure we are doing what we can to make an […]
Navigator Terminals and Alfanar sign MoU
UK leading independent bulk liquid storage provider, Navigator Terminals has announced the signing of an infrastructure partnership with global renewables project developer, engineering and construction company Alfanar. Under the terms of the agreement Navigator will develop the North Tees rail terminal for the receipt, storage and handling of up to one million tonnes of non-recyclable […]
Vitol’s VTX to add to southern Delaware Basin
Vitol’s US upstream company, VTX Energy Partners has agreed to acquire 12,000 net leasehold acres contiguous with the Delaware Basin Resources position, acquired in March, bringing its total southern Delaware Basin position to 47,000 net acres. It is VTX’s second acquisition since the partnership was established by Vitol and VTX last year. The assets include […]
Tank Insulation: A shortcut to increased efficiency & reduced emissions
Storage tanks are used to hold a variety of organic liquids or gases including raw materials, intermediates, final products and usable byproducts. Although mainly used in the oil and gas industry, other industries often rely on upright storage tanks to temporarily store liquids (eg food and fertilizer industry). Tanks can vary in design and the […]
Advario secures SAF storage for Neste
Advario Singapore has announced that the company has entered a long-term partnership with climate change solutions company, Neste. Under the agreement Advario will provide integrated storage and logistics services for Neste’s sustainable aviation fuel (SAF). The agreement between Advario and Neste will enable the storage of SAF and Jet A-1 (jet fuel), as well as […]
ILTA announces Safety Awards
Tank Storage Magazine has been reporting live from Houston USA as the ILTA conference and trade show gets underway for 2023. After a keynote luncheon by Dr David Mussington, CISA, the ILTA team announced the winners of this year’s Safety Excellence Awards. PLATINUM SAFETY: SMALLER COMPANY CATEGORY The Colonial Pipeline Company Zach Hauser, Senior Manager […]
Northern Lights signs agreement with Ørsted
Transport, storage and infrastructure company, Northern Lights has entered into cross-border transport and storage agreement with offshore wind company, Ørsted. Northern Lights JV and Ørsted announce the signing of a CO2 transport and services agreement (TSA) to store 430,000 tonnes biogenic CO2 emissions per year from two power plants in Denmark, Europe. This agreement represents […]
Montenegro plans LNG terminal in the Port of Bar
Montenegro’s Prime Minister Dritan Abazović has signed a memorandum of understanding between the government of Montenegro, Enerflex Energy Systems, and Wethington Energy Innovation, at Vila Gorica, with regard to providing support towards the enhancement of energy infrastructure in Montenegro. Read more here. Source: www.tankstoragemag.com Share this article Register to attend. Register Now Get social. #stocexpo #futuredelivered Twitter Facebook-f […]
Wärtsilä to provide reliquefaction to LNG retrofit
Technology group Wärtsilä, a market leader with innovative systems and lifecycle solutions for the gas value chain, will supply the reliquefaction for a retrofit project on an LNG carrier vessel converted to operate as a floating storage unit (FSU). The vessel, the Energos Grand, is owned by USA-based operator Energos Infrastructure, and is being chartered […]
100% FAME biodiesel pilot success
Dutch maritime logistics company, VT Group (Verenigde Tankrederij BV), has joined forces with FinCo Group, independent supplier of sustainable energy solutions, to make an ambitious contribution to reducing CO2 in the inland navigation sector. Over the past nine months, a pilot with 100% FAME has been carried out on VT Group’s ship, MTS Vlissingen. FAME […]
Netherlands and Saudi Arabia sign MoU
A memorandum of understanding (MoU) on energy between the kingdom of Saudi Arabia and the kingdom of the Netherlands at the World Hydrogen Summit, 2023 in Rotterdam. The MoU was signed live at the Summit by HRH Prince Abdulaziz bin Salman Al Saud, minister of energy in Saudi Arabia and Micky Adriaansens, minister of economic […]
Port of Antwerp-Bruges launches drone network
The Port of Antwerp-Bruges has partnered with DroneMatrix, SkeyDrone and Proximus to create a network of six autonomous drones. The D-Hive drone-in-a-box network is a world-first that makes an important contribution to the overall security of the complex port environment. The drones will perform daily flights in the Antwerp port area, Belgium, covering an area […]
Matrix and Tissot join for hydrogen storage EPC
Matrix Service Company, a leading provider of engineering and construction services to the energy and industrial markets, has announced that its subsidiary, Matrix PDM Engineering, has signed an exclusive Memorandum of Understanding (MoU) with Tissot Industrie, headquartered in Podensac, France, to offer total engineering, procurement, and construction (EPC) solutions for liquid hydrogen storage across the United Kingdom, Norway, Switzerland, […]
Technip Energies and Casale join for autothermal reforming-based technology
Engineering and technology company, Technip Energies and solutions provider, Casale announce a new partnership to jointly license oxidative reforming-based technologies; autothermal reforming (ATR) and partial oxidation (POx) technologies for the blue hydrogen market. ATR is a process to produce syngas that contains hydrogen, CO and CO2. It becomes cost-effective for low-carbon hydrogen when combined with […]
Keppel and ExxonMobil to explore low-carbon ammonia
Singaporean conglomerate, Keppel Infrastructure1 and ExxonMobil Asia Pacific have announced the signing of a memorandum of understanding (MoU) to develop access to low-carbon hydrogen and ammonia for scalable commercial and industrial applications in Singapore. The MoU follows the Singapore government’s launch of its National Hydrogen Strategy in October 2022, which expects hydrogen to meet up […]
Tank Storage Industry meets in Florida
Landing in the Sunshine State of Florida, USA, Tank Storage Magazine’s Editor Anamika Talwaria was greeted with a somewhat overcast sky. But the grey cloud didn’t dampen her spirits as she was more excited for the bright ideas that would be waiting at the Gatlin Ballroom at the Rosen Shingle Creek Hotel. The 25th annual […]
Meet Ream, Marketing Manager
What does sustainability mean to you and how important is it? To me, sustainability means having the ability to meet the needs of the present without compromising the ability of future generations to meet their own needs. It is about balancing economic, social and environmental considerations in a way that promotes long term wellbeing for […]
Air Liquide announces new hydrogen cracking technology
French multinational industrial company, Air Liquide, has announced the construction of an industrial scale ammonia (NH3) cracking pilot plant in the port of Antwerp, Belgium. When transformed into ammonia, hydrogen can be easily transported over long distances. Using innovative technology, this plant will make it possible to convert, with an optimized carbon footprint, ammonia into […]
Saudi Aramco inks $12.2 billion China oil refinery
Saudi Aramco has signed an agreement with Chinese partners for an oil refinery and petrochemical project in northeast China expected to start in 2026 to meet the country’s growing demand for fuel and chemicals. Joint venture Huajin Aramco Petrochemical Company (HAPCO) will build and operate the complex which will house a 300,000 barrels per day (bpd) […]
Oil spill at Pernaco in Dorset
On Sunday 26 March a major incident was declared after an oil leak rom an onshore field in Dorset, UK was found. The leak had come from the Wytch Farm facility in the Purbecks, one of the largest onshore oilfields in Europe, owned by independent oil and gas company, Pernaco. A incident management team was […]
Global Tank Storage Award Winners announced
This year’s Global Tank Storage Awards ceremony brought together over 200 terminal professionals on the 15 March in Rotterdam to celebrate 2023’s winning entries. Companies and individuals were recognised for their achievements in innovation, sustainability, safety and preparing for the future of the tank storage sector. The Emerging Technology Award went to iSensPro for its iSens-SDS ATEX […]
The best StocExpo yet…
On 14-16 March in Rotterdam, the Tank Storage Magazine team, along with organiser Easyfairs, held the StocExpo conference and exhibition. The leading event brought together a whole host of terminal professionals and industry experts looking to connect with each other and share exciting new innovations. A YEAR OF FIRSTS With fresh branding to represent the energy transition […]
Meet Shannon, Marketing Executive
What was your first week like? My first week was exciting and very informative, everyone that I met was tremendously friendly and made me feel very welcomed. I had great opportunities to meet people from different teams through my buddy, I was introduced to the CEO, COO, Data Teams and given an overall strong understanding […]
Tank terminals sustainability: can information theory help us reach our goals?
StocExpo is back in 2023 with two separate conference streams, one exploring big picture tank storage, and the other on health & safety and the practicalities of terminal operations. On day two of the Terminal Operations and Safety conference stream, Arend Van Campen, founder of the Tank Storage Sustainability Initiative and Tank Terminals Training, will […]
Shortlist revealed for the Global Tank Storage Awards
The Global Tank Storage Awards have announced the 2023 shortlist. From the 12 categories, shortlisted companies include Advario, Koole Tank Storage Botlek, ITC Rubis and many more. Now in its sixth year, the Global Tank Storage Awards is committed to recognising terminal achievement, celebrating excellence in safety, sustainability and innovation and connecting the global tank […]
Technip Energies signs two MoUs to accelerate energy transition in Canada
Technip Energies has signed two separate MoUs: one with PCL Industrial Management, and another with Capital Engineering, to work on energy transition markets in Canada. Technip Energies will provide conceptual, front-end and detailed engineering, procurement, and technical capabilities with PCL leading constructability solutions, logistics evaluations, direct hire construction performance and execution solutions associated with hydrogen, […]
Petronas and ExxonMobil sign for CCS
Malaysian oil and gas company, Petronas has signed two project development agreements with American multinational oil and gas corporation, ExxonMobil to jointly pursue carbon capture and storage (CCS) activation projects in Malaysia. Under the agreements, both parties will define next steps, including the maturation of technical scopes for the CCS value chain, evaluation of the […]
Advario Stolthaven Antwerp announces ISCC certification
Advario Stolthaven Antwerp has received its ISCC certification, as part of paving the way to a sustainable future. The ISCC certification is a globally applicable certification system and covers all sustainable feedstocks. With the ISCC-EU certificate, Advario Stolthaven Antwerp is certified as a warehouse ready to store and handle circular and bio-based products, renewables, food, […]
thyssenkrupp Uhde and ADNOC sign MoU for ammonia cracking plant
Global technology company, thyssenkrupp Uhde and oil company, ADNOC have signed a memorandum of understanding (MoU) to explore a long-term partnership to create new markets for hydrogen and promote global clean energy value chains. The agreement will focus on a joint project development of large-scale ammonia cracking, which is used to extract hydrogen from ammonia […]
China refinery blast kills five
More than 30 people have been injured in a refinery fire and explosion, in Panjin, Liaoning province, China on January 15. According to Sky News (embed link), at least five people have died and a further eight are missing. The blast, which occurred at 13:30 local time, involved workers who were carrying out maintenance work […]
Six injured at Texas refinery
Firefighting crews in the USA have extinguished a fire, which occurred January 17 at Phillips 66’s 149,000-barrel-per-day joint-venture refinery in Borger, Texas. The company confirmed that six people have been treated for injuries. Local media reported the fire had occurred in the storage tank farm at the Borger complex, causing a state highway to close […]
Gasunie and Storag Etzel join for hydrogen storage in Germany
Independent storage company, Storag Etzel has announced that energy network operator, Gausine will become a partner in the hydrogen storage piolet project, H2Cast. This participation is a first step for Gausine, towards developing hydrogen storage facilities in the salt caverns near Etzel, Germany. The first step involves a pilot project in which two of the […]
StocExpo 2023 Exhibitors Announced
Over 120 leading companies in the global tank storage and future fuels industry have already signed up for StocExpo 2023, which takes place on the 14th – 16th March 2023. The world-leading tank storage and future fuels event will return to the Rotterdam Ahoy for another unmissable exhibition. Those exhibiting include Ivens Group, which are […]
BP awarded two exploration blocks in offshore Egypt
BP has been awarded two exploration blocks in the Mediterranean Sea. The operator holds 82.75% of the northwest Abu Qir Offshore Area, which is located to the west of the North King Mariout block (100% held by BP) and north of the Raven field. It covers an area of approximately 1038 km² and has water […]