PLAYING A CRITICAL ROLE

A look at the importance of bulk liquid storage in the UK to the COVID-19 recovery and the energy transition. THE tank storage sector is essential to maintain our day-today life, providing a critical link in the transportation system for liquid products, from transport and heating fuels to chemicals and food-grade products. This year, as much as any other sector of the UK’s economy, bulk liquid storage has also felt the impact of COVID-19. During this challenging time, the industry and associated logistics continue to work tirelessly to keep critical infrastructure operating. Against a background of increased demand for petroleum storage globally and a decline in oil demand due to the COVID-19 pandemic, the critical importance of bulk liquid storage terminals in responding to market fluctuations and in improving the flexibility of the entire supply chain has undoubtedly come to the fore. The current crisis has not only highlighted the extent to which the economy we live in is global but the need to ensure the flexibility and resilience of the supply chain while prioritising safety. Looking ahead as a sector, we know there will be challenges as we recover from COVID-19, but...