A consortium led by Mason Capital Management, in partnership with IES Holdings, Nut Tree Capital Management, 683 Capital Management, First Pacific Advisors, and other investors, has announced that it has entered into a definitive agreement to acquire the CB&I storage solutions business, the world’s foremost designer and builder of storage facilities, tanks and terminals for energy and industrial markets, from McDermott International. CB&I is the world’s most technically advanced builder of storage facilities serving customers across the water and wastewater, upstream, downstream, petrochemical and industrial sectors. The Company delivers products and solutions for critical energy infrastructure projects, including complex low temperature […]
Partner News
Grandperspective: Can PGS-12 Become Europe’s Blueprint for Ammonia Storage Safety?
Dr. Therese Keck, head of professional services at Grandperspective, and content specialist James Gordon review the case for PGS-12 safety standards Ammonia is fast becoming a fundamental pillar of Europe’s energy transition. What for years was considered a major fertiliser feedstock is increasingly being looked at as an energy carrier, a marine fuel and a hydrogen vector. The environmental benefits are clear but the scaling-up of the ammonia economy poses challenges for regulators. Leading the way is the Netherlands, where demand for increased storage and import capacity at the Ports of Rotterdam and Vlissingen has been most keenly felt. This […]
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March 23, 2026
