Latest News (Do NOT Use)

Celebrating 50 years of excellence, the experts at PALA Group share the secrets to a successful partnership and aboveground storage tank builds   In 1973, PALA Group embarked on a journey that would redefine industrial construction solutions. Today, PALA proudly celebrates 50 years of unwavering commitment to quality, safety, and innovation. From PALA’s roots in the Gulf Coast to…
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Fuel and tank storage risk-mitigation specialist LCM Environmental Services has completed its third acquisition of the year. The company has acquired North Yorkshire-based businesses Repair Protection & Maintenance Ltd and Sprayglass International Ltd. RPM is a supplier of tank lining, bund and advanced coating service specialist services, with an offering that complements LCM’s current…
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[caption id="attachment_38331" align="alignleft" width="300"] Man holding earth globe hologram and icon of ECO and renewable energy. Ecological and renewable energy world concept. Eco concept, ecology, clean energy and environment. Limitless possibilities.[/caption] Gasunie has successfully issued its first green bond, a loan of €300 million with a maturity of 9.5 years. There was a great…
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The most important event for the global tank storage industry will return to the Rotterdam Ahoy, 12 – 13 March 2024. Registration is now open for StocExpo 2024, the internationally recognised meeting-place for 3,700+ tank storage and energy infrastructure professionals. In partnership with the Federation of European Tank Storage Associations (FETSA), the conference and exhibition will feature…
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BP has successfully started production from the Seagull oil and gas field in the UK North Sea, boosting energy supplies, supporting the supply chain and jobs, and underpinning continued production from an offshore facility that’s been operating for 25 years. Seagull has been developed by Neptune Energy as a subsea tieback to the BP-operated central processing facility (CPF) of the Eastern…
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Wärtsilä has engineered, delivered, and installed the biogas upgrading solution to a new biogas 17 tpd liquefaction plant in Hjørring, Denmark. The contract was awarded to Wärtsilä in 2022, and the official start-up took place in June 2023. The facility is one of two biogas plants owned and operated by GrønGas A/S in Denmark. The other plant, located in Vrå, also features a Wärtsilä…
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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 manufacturer of fuel and chemical storage tanks, LPG vessels and other custom-built steel storage products in North America. The total purchase price was  $78 million (€73.3 million). As part of the…
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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 terminals collectively represent approximately one million barrels of storage capacity, leaving IMTT with 41 million barrels of storage capacity at its terminals on the East, West, and Gulf Coasts and…
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[caption id="attachment_31404" align="alignleft" width="300"] Pipelines leading to an oil refinery[/caption] On Friday 27 October, His Majesty the King Willem-Alexander of the Netherlands performed the official ceremony to start work on the construction of a national hydrogen network in the Netherlands. The ceremony took place on the building site of Gasunie subsidiary Hynetwork Services in the…
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Exolum has garnered the highest possible five-star rating in the 2023 GRESB sustainability index with a score of 97 points out of 100. The company also obtained a leading position among energy and water transportation companies, was ranked first in maintenance and operation and obtained the best score in management among all 687 participating entities. GRESB is one of the world’s leading…
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As I type this note, half of our team are away from the office at events. David Kelly, our international sales manager has been in Denver, CO, at the API conference and exhibition, meeting with many of your lovely people, and hopefully securing some deals for our next North America-focused issue! One of our journalists, Cyann Fielding, has been in the Netherlands at the World Hydrogen Congress,…
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World Hydrogen Week took place in Rotterdam, the Netherlands, from 9-13 October 2023. Tank Storage Magazine is proud to be a media partner of a forward-thinking event that fosters discussion and collaboration, sharing insights into the ever-evolving world of hydrogen as a versatile and sustainable energy carrier. Shedding light on the latest developments and future prospects in the hydrogen…
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Prostar Capital has announced the successful sale of its bulk liquid storage terminal facility, GTI Fujairah (GTIF), to Mercantile & Maritime Group (M&M). GTIF is located in the Port of Fujairah, UAE, a major strategic energy trading port and one of the largest bunkering hubs in the world. GTIF’s bulk liquid storage terminal has a total capacity of 350,000m3. For the last six years…
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