ALL NEWS
Updated daily, the Tank Storage team brings you the latest in storage terminal and technical news, as well as digitalisation strategies, news about the energy transition and incidents around the world
Carbonvert and Castex joint venture executes agreement for carbon storage
Carbon capture and storage project development and finance company, Carbonvert and operators, mineral buyers, and landowner, Castex Energy (through subdisary Castex Carbon Solutions) have announced the execution of an operating
Ports of Rotterdam and Duisburg strengthen cooperation on hydrogen
Port of Rotterdam and Port of Duisburg have announced a joint feasibility study on the combined role the two ports have to play in supporting the growing demand from the
Shell and LBC join for pyrolysis oil storage and handling
LBC Tank Terminals has announced a collaboration with Shell Chemicals for the storage of pyrolysis oil derived from plastic waste in the Port of Rotterdam. Strategically located in the key
Germany builds up LNG import terminals
A new liquefied natural gas (LNG) terminal at Mukran on Ruegen Island in the German Baltic Sea should be operational from the first quarter of 2024, Gascade, the pipeline firm
US pipeline regulator awards $15 million to improve safety
The US Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) has awarded $14.8 million (€13.8 million) in grants for pipeline safety training and technological research. The grants, authorised
Petra Nova CCUS project restarted
JX Nippon has announce that the Petra Nova carbon capture facility of the Petra Nova project, owned by Petra Nova Parish Holdings (a subsidiary of JX Nippon Oil & Gas
Vopak reaches agreement with Infracapital on sale of Rotterdam chemical terminals
Vopak has announced that it has reached an agreement with Infracapital on the sale of its three chemical terminals in Rotterdam (Botlek, TTR and Chemiehaven) for a total purchase price
Eni announces award of second UK CO2 Storage Licence
Eni announces that its subsidiary in the United Kingdom (Eni UK) has been awarded a Carbon Dioxide Appraisal and Storage Licence (CS Licence) by the North Sea Transition Authority
OCI Global announces agreement with New Fortress Energy for green ammonia
Producer of ammonia and methanol, OCI Global has announced an agreement to offtake green hydrogen from New Fortress Energy ZeroParks beginning in 2025. The agreement will allow OCI Global to
GE Vernova announces AI-powered carbon emissions management software
GE Vernova’s digital business has announced release of CERius, a carbon emissions management software designed to help energy companies progress toward their net-zero goals using data precision and abatement planning
Neste welcomes EU’s adoption of renewable energy and aviation targets
The European Parliament adopted the ReFuel EU Aviation Regulation. This follows the adoption of the Renewable Energy Directive (EU RED III) on September 12. Neste welcomes the enhanced ambition these
BP commits to Germany with $11 billion low-carbon investment
BP plans to invest up to €10 billion in low-carbon fuels, renewables and EV charging in Germany by the end of the decade to rival local power firms, as competition
Chevron buys world’s biggest hydrogen storage plant
Chevron has acquired a majority stake in the world’s largest proposed storage facility for hydrogen from renewable energy. U.S. majors Chevron and Exxon Mobil are rushing to lower production costs
AVAADA Group joins with Tata Steel SEZ for a green ammonia plant
Integrated energy company, AVAADA Group, has announced its initiative to establish a green hydrogen and ammonia manufacturing unit at Gopalpur Industrial Park, Odisha, India. This significant move comes in the
Svanehøj to supply pumps for the third northern lights LCO2 carrier
Supplier of CO2 pumps, Svanehøj has announced that the world’s three largest dedicated CO2 ships are now on its reference list. Northern Lights (a joint-venture of Shell, Equinor, and TotalEnergies)
Uniper to decommission coal-fired power plant
Uniper will permanently decommission the Heyden 4 hard coal-fired power plant in Petershagen near Minden, Germany on September 30, 2024. Uniper already made the decision to decommission the plant at
NSTA to become offshore hydrogen transport and storage regulator
The North Sea Transition Authority (NSTA) is expected to take on the role of offshore hydrogen transport and storage regulator following the conclusion of a consultation on the proposal. The
Bangladesh’s Summit Group to invest $3 billion in clean-energy push
Bangladesh’s Summit Group plans to invest $3 billion (€2.8 billion) in solar, wind and hydroelectricity generation projects in south Asia as a part of its clean energy push and efforts
Orlen announces expansion to bolster Poland’s energy security
Multinational oil refiner and petrol retailer, the Orlen group has announced that over the next few months it will be preparing to launch production from new fields in an effort
Stolthaven Terminals to expand operations in the US
Stolthaven Terminals confirms it will expand its facilities in the US Gulf to continue to meet its customers’ growing needs for specialist storage and handling services. The planned expansion programme
JERA, ConocoPhillips and Uniper to source low-carbon hydrogen/ammonia supply
Energy companies Jera and Uniper have announced a non-binding heads of agreement together with hydrocarbon exploration and production company, ConocoPhillips, for the sale of ammonia to Uniper. The project would
Woodside and KEPCO collaborate on carbon capture and storage
Woodside has signed a non-binding memorandum of understanding (MoU) with Kansai Electric Power Co. (KEPCO), to enable studies of a potential carbon, capture and storage (CCS) value chain between Japan
ADNOC announce investment in huge MENA carbon capture project
ADNOC has announced a final investment decision to develop one of the largest carbon capture projects in the Middle East and North Africa (MENA) region. The pioneering Habshan carbon capture,
Poland’s ORLEN takes on CO2 storage project in Norway’s Arctic
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NZTC awards £9 million to technologies to accelerate net zero
Over £9 million (€10.5 million) has been awarded to data and digital technologies that will enable the energy transition, as part of Net Zero Technology Centre’s (NZTC) 2023 open innovation
Joint study for hydrogen and ammonia supply chain in Osaka
Mitsui & Co, Mitsui Chemicals, IHI Corporation and The Kansai Electric Power Co have announced the signing of an memorandum of understanding (MoU) regarding a joint study to establish a
Mitsui & Co acquires stake in Terreva Renewables
Mitsui & Co has acquired a 33.3% stake in US renewable natural gas production and sales company, Terreva Renewables. In North America, approximately 146 million tons (160 million tonnes) of
Venture Global and Baker Hughes to support Venture Global’s expansion plan
Venture Global LNG has announced its long-term expansion plan to increase production from 70 million tonnes per annum (MTPA) to more than 100 MTPA of nameplate LNG export capacity. To
Asian LNG buyers face volatile market until 2026
Asian liquefied natural gas (LNG) buyers are navigating a near-term market that is so finely balanced that any supply disruptions or demand upsides could cause significant price volatility according to
Wood Group and Harbour Energy partner for UK North Sea operations
British oilfield services firm Wood Group has announced it has signed a new master services agreement and associated contracts valued at around $330 million (€305.5 million) for UK North Sea
Leak at Calumet hydrogen plant to impact throughput
A leak detected in the steam recovery system at Calumet Specialty Products Partners’ Montana renewable hydrogen plant is limiting throughput until repaired, according to Reuters. The company, which manufactures and
Essar Oil partners with Oikos Storage
Essar Oil can now transport and distribute middle distillate fuels at the Oikos Storage Canvey Island facility, in the UK, to serve the Thames and surrounding regions. This enhances Oikos’
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