News
Shares of Brazil’s state-owned oil company Petrobras Petroleo Brasileiro SA (Petrobras) have dropped after President Luiz Inacio Lula da Silva fired CEO Jean Paul Prates following a dispute over dividend payments.
Petrobras said in a statement on 14 May that Prates is expected to officially resign at an upcoming board meeting. The decision comes after months of tension after Prates refused to…
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JERA has announced its new growth strategy that integrates strategic business pillars and organisational edge, marking a realistic pathway towards 2035, and ultimately its 2050 zero emission goals. Amidst complex and rapidly changing global energy dynamics, JERA’s new growth strategy ensures the agility and efficiency further solidifying its leadership in solving energy trilemma, achieving…
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ACME Cryogenics, part of OPW Clean Energy Solutions, has completed development of new 6” and 8” valve sizes for its Model CV Valve product line. The global investment and growth in hydrogen infrastructure has compelled many companies to develop larger-scale production and storage equipment, which requires larger components. Therefore, the creation of these new valve sizes in the CV Valve…
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On 6-8 May 2024, the bulk liquid industry gathered in Houston, Texas, to enjoy the ILTA’s three-day conference and trade show. Packed with insightful presentations, tech innovations and challenging discussions, this was a show not to miss.
Keynote speakers
Kicking off the ILTA’s 50th birthday celebration at the conference and trade show, former US President George W Bush joined ILTA…
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Yara Clean Ammonia and Greenko ZeroC have signed a term sheet for teh supply of renewable ammonia from Phase 1 of AM Green’s ammonia production facility in Kakinada, India. The agreement covers the long-term supply of up to 50% of renewable ammonia from Phase 1 of AM Green’s ammonia production facility. The plant will produce, and export renewable ammonia derived from carbon-free energy by…
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ADNOC has delivered the world’s first certified bulk commercial shipment of low-carbon ammonia enabled by carbon capture and storage (CCS) to Mitsui & Co for use in clean-power generation in Japan. The low-carbon certification process, from production to delivery, has been conducted by TÜV SÜD, an internationally renowned certification agency.
The landmark shipment produced by Fertiglobe…
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UM Terminals has made a multi-million pound investment in one of its key strategic terminals. The investment has been focussed on the company’s Regent Road terminal in Liverpool, UK, which is also home to the company's head office. The improvements at Regent Road form part of UM Terminals' strategic growth plan to ensure the breadth of product expertise, bulk liquid storage capability,…
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NISTM’S 26th Annual International Aboveground Storage Tank Conference and Tradeshow is a firm fixture in Tank Storage Magazine’s calendar – not least because it means our team can get away from gloomy April weather in the UK to sunny Florida for a few days.
With plenty of networking opportunities (think golfing, breakfasts, drinks and dinners), it’s a great chance for our team to get in…
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Climate Impact Corporation (CIC) today announced a non-binding agreement with GE Vernova’s Power Conversion business (GE Vernova) to lay out their intentions to collaborate on a design for the possible future deployment of highly efficient green hydrogen production modules, with the objective of achieving a $2 per kg (€1.86 per kg) production price for green hydrogen. CIC will be assisted by…
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ExxonMobil has brought in QatarEnergy as its new partner in two exploration blocks off the coast of Egypt. QatarEnergy has acquired a 40% participating interest in the Cairo and Masry concession agreements, while ExxonMobil will retain the remaining 60% operated working interest in the exploration blocks. Covering an area of approximately 11,400 square km in water depths of 2,000 to 3,000 m,…
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At least one person was killed and four others were injured after a huge fire broke out at a chemical storage tank in an Eastern Thailand industrial park on Thursday 8 May. The fire in Mab Ta Phut Industrial Estate, which was first reported in the morning, was contained more than six hours later. Fire workers estimated it might take more than 10 hours to be able to fully extinguish the flames,…
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Proton Ventures and LBC Tank Terminals are collaborating on a strategic joint venture aimed at developing ammonia terminal operations across northwestern Europe and North America. This partnership unites Proton Ventures’ end-to-end knowledge of the green ammonia value chain with LBC Tank Terminals’ vast expertise in safe and sustainable storage of liquid bulk products requiring specialized…
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LyondellBasell has sold its Ethylene Oxide & Derivatives (EO&D) business and associated production facilities located in Bayport, Texas to INEOS Oxide.
Tobias Hannemann, CEO of INEOS Oxide says: 'We are pleased to complete this strategic acquisition in the US. INEOS Oxide is a leading producer in Europe and this significant step expands our Ethylene Oxide & Derivatives business into…
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Dover Fueling Solutions (DFS) has launched its latest automatic tank gauge (ATG) console, the ProGauge MagLink LX Ultimate.
Established in 1993, ProGauge (formerly Start Italiana) has evolved into a leading brand for ATG solutions, globally. As part of the long-standing ProGauge Maglink LX console family, the MagLink LX Ultimate is DFS’ most advanced ATG console yet. Available globally, this…
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Trafigura Group and Greenergy have announced that Trafigura has expanded its agreement with Brookfield Asset Management and its listed affiliate Brookfield Business Partners to include Greenergy’s Canadian supply operations for an undisclosed sum. This complements Trafigura’s proposed acquisition of Greenergy’s European operations announced on 4 March 2024. The acquisitions are subject to…
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VTTI is set to acquire Ancala's 50% share of Dragon LNG. The terminal consists of LNG receiving, storage, reliquefication, regasification and send-out facilities. The remaining 50% will be held by Shell.
The Dragon LNG and Dragon Energy regasification terminal is one of three LNG terminals in the UK. The facility supplies up to 9 billion cubic metres to the UK's transmission system,…
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Exolum will invest €12 million in the construction of a new aviation fuel storage terminal and a new loading area for refuelling units at the Lanzarote airport, Spain. This new infrastructure will make it possible to offer better service to the various operators at the airport and maximise efficiency.
The new facility will have a storage capacity of at least 6,000 m3, divided amongst three…
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ADNOC has signed a 15-year Heads of Agreement (LNG agreement) with EnBW Energie Baden-Württemberg AG (EnBW), one of the largest energy companies in Germany, for the delivery of 0.6 million tonnes per annum (mmtpa) of liquefied natural gas (LNG).
The LNG will primarily be sourced from ADNOC’s lower-carbon Ruwais LNG project, currently under development in Al Ruwais Industrial City, Abu Dhabi.…
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Canadian pipeline operator TC Energy has reported its first quarter results for 2024 with a message from CEO François Poirier: 'Throughout the first quarter of 2024, TC Energy continued to safely and reliably deliver energy across North America, while maximizing the value of our assets through operational excellence. This resulted in approximately 11% growth in comparable EBITDA compared to…
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28 terminal member companies were honoured at the Annual ILTA Safety Awards Presentation and Breakfast for achieving outstanding safety performance in 2023.
ILTA’s Platinum Safety Award was presented to two companies for their demonstration of an exemplary safety culture: MIPC, LLC received the award in the small company category, and Energy Transfer was recognised in the large company…
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