Adapt to thrive

Kees Oerlemans from nVent explains how smart electric heat tracing systems and innovative tank insulation are helping tank farm owners react to changing demand Seismic change is on the horizon for the chemical storage sector. For many years, the industry has relied on oil production as its main source of new investment streams. In 2020, however, this well-established trend was challenged. As a result of the pandemic, worldwide oil production dropped from 100 million bpd to 88 million bpd – a downturn felt even more keenly by the US market, which fell by a staggering 20%1. While both demand and […]