TerraVest aquires Highland Tank

Petrochemical tanks

TerraVest has announced that it has entered into an agreement to acquire all the assets of the subsidiaries of Highland Tank. Based in Stoystown, Pennsylvania, Highland Tank is a leading […]

ExxonMobil completes acquisition of Denbury

a screen shot of a graph

Exxon Mobil has announced it has closed its acquisition of Denbury in an all-stock transaction valued at $4.9 billion (€4.6 billion), or $89.45 (€84.11) per share, based on ExxonMobil’s closing […]

Mark McAllister confirmed as new Ofgem Chair

A person in a suit and tie

Mark McAllister has been announced as the next chair of Ofgem – strengthening the government’s work to build a more secure and affordable energy system. He will take up the […]

IMTT sells five terminals to JET Infrastructure

IMTT has announced that it has sold the company’s bulk liquids storage terminals located in Alamogordo, NM; Bremen, GA; Macon, GA; Montgomery, AL; and Moundville, AL to JET Infrastructure. These […]

Sherwin-Williams launches new insulative coating

The new Heat-Flex 7000 thermal insulative coating system from Sherwin-Williams Protective & Marine offers personnel protection, insulating capabilities and solar heat reflectivity for an array of industrial applications. The single-component, […]

EXCLUSIVE INTERVIEW: TIW Steel Platework

A metal structure with a shadow on the ground

TIW Steel Platework’s general manager, Daniel Wigmore, speaks to Tank Storage Magazine about the company’s long industry experience and projects. TIW Steel Platework was founded in 1907 under the name Toronto Iron Works. Its history is tied with the pioneering of Canada’s petroleum industry. The company was originally founded along Toronto’s waterfront by Albert Leroy Ellsworth, who also owned British American Oil Company at the time. Originally, its sole purposes was to supply British American with oil tanks and other process equipment for its refineries. ‘This changed in 1983 when TIW was purchased by Canadian Erectors who took the company from […]

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€500 million set for hydrogen storage facility

Centrica’s Irish subsidiary Bord Gáis Energy has joined ESB and dCarbonX’s subsurface green hydrogen storage project off the coast of Ireland. The Kestrel project, which is focused on the redevelopment […]

Israel awards gas exploration licenses

Israel’s Energy Ministry has announced that it has awarded 12 licences to six companies to explore natural gas off the country’s Mediterranean coast, aiming to create more competition and diversify […]

Cespa Química’s sustainable product solutions

Cepsa Química discusses its journey towards sustainable product solutions and the new reality in the chemicals market. LAB is an organic compound primarily used as an intermediate to produce LAS and LABSA, categorised as surfactants. LAS is the most consumed surfactant, supported by its strong technical performance, mainly used for home care applications. LABSA is also used in light-duty liquids (LDL), heavy-duty liquids (HDL), and unit dose applications (tablets and capsules) in laundry care and dishwashing and surface care products. Cepsa Química has redirected conventional LAB manufacturing by moving away from traditional fossil- based materials and reducing GHG emissions during […]

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Engro Vopak Terminal achieves safety milestone

Engro Vopak Terminal located in Pakistan has achieved a safety milestone of 2 years free from reportable incidents. This milestone means that no one has been seriously injured while working […]

LBC Tank Terminals secures 5-star GRESB rating

oil tank

LBC Tank Terminals has achieved the 5-star rating in the 2023 GRESB benchmark, a widely respected assessment of environmental, social, and governance (ESG) performance in real estate and infrastructure assets. […]

Qlayers’ automated solutions for anti-corrosive coatings

Dutch robotic manufacturer, Qlayers has developed an innovative automated solution for applying anti-corrosive coatings on large-scale oils and gas and chemical storage tanks. Its robotic solution enables contractors to carry out tank coating projects with higher safety, efficiency, and precision. Storage tanks’ durability and total lifecycle are often influenced by the degradation caused by the corrosion. Corrosion is the leading cause of the failure of aboveground storage tanks, according to the Environmental Protection Agency (EPA). Storage tank corrosion damage Most storage tanks are made from steel, an alloy susceptible to corrosion damage. Steel tanks are prone to rusting in the […]

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Emerson software optimises asset maintenance

Emerson has announced the Plantweb Insight Valve Health Application, a powerful software tool that combines Fisher control valve expertise with advanced analytic algorithms. The new app makes it possible for […]

Navigator CO2 cancels pipeline project

Red tool

Sustainable carbon solutions company, Navigator CO2 has announced that the development of its pipeline project has been cancelled. This is due to the challenges and the unpredictable nature of the […]

Global Tank Storage Award Winner: Nicholas Gohl

Nicholas Gohl-CFO Aquarius Energy

At the 2023 Global Tank Storage Awards in Rotterdam, Netherlands, Nicholas Gohl, CFO of Aquarius Energy, was presented with gold for the Outstanding Achievement award. The judges were impressed by the way Gohl champions terminals in both developed and emerging markets, understands the broader picture, and finds concrete ways to help communities – beyond making money. ‘I felt honoured enough just to be nominated for an award, let alone win gold,’ says Gohl. ‘I’m proud to represent a company that I’ve been a part of since its inception as a standalone group. So, winning this award is the cherry on the top.’ […]

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