Terminal Outlook 2023/24: UM Terminals

Leading terminal operators from across the globe shares their highlights of 2023, with a peek into what the forecast for 2024 looks like. Here’s what Phil McEvoy, managing director at UM Terminals, has to say... UM Terminals maintains a broad portfolio of around 40 products that it stores including vegetable oils, industrial, food and feed, chemical, fertiliser, fuels, biofuels and base oils. We operate out of seven terminals, strategically located across the UK, with a current capacity of over 300,000 m³ of bulk liquid storage, but with an ambition to increase this to around 400,000 m³. During 2023, the business divested itself of a non-strategic asset in Birkenhead to focus on core activities at its other sites. UM Terminals has achieved several notable successes during the last 12 months, among the more important being the expansion of our operations in the biofuels sector. How UM Terminals is Preparing for the Energy Transition  Biofuels and their associated feedstocks are a macro trend that the tank storage industry has to adapt to. As supply chains are less established than they are for hydrocarbons, smaller tanks and a more flexible asset base are needed over...