News

Gravitricity is seeking up to £40m (€45m) in funding following signing a memorandum of understanding with construction firm VSL Systems UK to design underground hydrogen stores, known as FlexiStores.   The UK could see the construction of hundreds of purpose-built underground line rock shafts to store green hydrogen. These will each be 6m in diameter and 356m deep and lined with…
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Green hydrogen supply company, Octopus Hydrogen and supplier and distributor of transportation fuels, Greenergy have begun a logistics partnership for the collection and delivery of green hydrogen to Octopus Hydrogen customers. The NanoSUN mobile refuelling units will be transported by Greenergy, and allow delivery, storage and dispensing of green hydrogen on customer sites. The first delivery…
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E2S Warning Signals, manufacturer of life safety notification signals for industrial, marine, and hazardous areas, is releasing its next generation of SIL1 and SIL2-compliant warning devices.  The D1x, GNEx, STEx, AlertAlarm and AlertAlight ranges of alarm horn sounders, LED and Xenon Strobe beacons, plus combination sounders with beacons, are now available with SIL1 and SIL2 compliance as…
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Norwegian energy company, Horisont Energi has entered into an option agreement with Haugaland Næringspark to locate the land- based CO2 terminal for the Errai carbon capture and storage project to Gismarvik in Rogaland. The CO2 terminal will receive CO2 from both European and Norwegian customers, including from the planned CO2 terminal in the Port of Rotterdam. Errai is the first commercial CO2…
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QatarEnergy and Chevron Phillips Chemical Company LLC have announced they will construct a $6 billion (€5.6 billion) integrated polymers complex in Ras Laffan Industrial City, Qatar.  The companies created a joint venture, Ras Laffan Petrochemicals, in which QatarEnergy owns a 70% share and Chevron Phillips Chemicals owns 30%.  The 435-acre project will include a 2,080KTA of ethylene…
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Oil service investment company, Akastor ASA has entered into a share purchase agreement with terminal automation systems specialist, Diamond Key International (DKI) for the sale of all shares in Cool Sorption for DKK 20.4 million (€2.74 million) on a cash and debt free basis. Cool Sorption is headquartered in Glostrup, Denmark, and is a specialist supplier of vapour recovery units (VRU) and…
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TWTG’s latest set of Neon devices are ready to be rolled-out across the USA and Canada.  TWTG has received FCC, FM, and IC certification for both the Neon Temperature Transmitter and the Neon Vibration Sensor for customers based in or with operations in North America. This includes customers in Europe and Asia who were early adopters of the technology, who can now expand into the USA and…
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Energy giant, bp has announced it has completed its purchase of leading provider of renewable natural gas, Archaea Energy. This marks a milestone in the growth of bp’s strategic bioenergy business. In October, bp announced it had agreed to acquire Archaea. This purchase expands bp’s presence in the US biogas industry, enhancing its ability to support customers’ decarbonisation goals…
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ADNOC (Abu Dhabi National Oil Company) is allocating $15 billion (€14.3 billion) for decarbonisation projects by 2030, including carbon capture, electrification, new carbon absorption technology and enhanced investments in hydrogen and renewable energy.  The multi-year action plan follows board approval of ADNOC’s goal to be net zero by 2050. It also builds on ADNOC’s strong record in…
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Chemical company, Yara International has announced plans to modify its ammonia terminals in Germany which will enable handling of up to 3 million tons of ammonia (2.72 million tonnes). This equates to roughly 530,000 tons of hydrogen (480,000 tonnes). Yara aims to increase its production of clean ammonia globally to be able to supply Germany's emerging market. Svein Tore Holsether, CEO of Yara…
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Olivia Energy Group tells Tank Storage Magazine about the expansion of its Puerto Real Terminal in Cádiz, Spain. Initially built in 2008, Olivia Energy Group’s terminal in Puerto Real, Cádiz, Spain represents a highly strategic location. While it’s a local storage company, Olivia Energy Group is focused on global trade, so being situated in one of the five main global shipping lanes is…
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Personal growth and development is the key to success in the industry, according to LBC Tank Terminals’ Karine Huysmans. LBC Tank Terminals' manager, Karine Huysmans, is constantly striving for better – both from herself and from the tank terminals industry. ‘At the beginning of my career, I took on various roles as an expert. Gradually, I evolved into management roles and the aim of my…
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15 years on, Orcus Fire & Risk’s Marcelo D’Amico speaks to Tank Storage Magazine about his journey to setting up a successful fire protection company. 'Orcus was started in 2008 at an interesting junction in my life,’ muses owner Marcelo D’Amico. ‘I had just left a stable partnership in a similar company, and decided it was time to spread my wings and start my own. At the time I…
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Fatima Shafique shares some HR secrets, following the success of Sharjah National Oil Corporation’s new working patterns. During the Covid lockdown, a huge number of companies were forced to ask their staff to work from home. While a number of countries and companies have continued to enforce this, many employees have had to resume office working, after continuing remotely for over 12…
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Paul Hickin, director at S&P Global Commodity Insights explains how changing demand for crude oil could impact the next 12 months. The global oil supply map may be reshaped indefinitely after the fallout from the Russian invasion of Ukraine and subsequent G7 sanctions and price cap on Russian crude. But the potential impact from the downturn in demand may be even bigger, given uncertainty…
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FETSA’s executive director, Ravi Bhatiani, examines the effects of new EU restrictions on the global energy market. In December, the EU’s restrictive measures on crude oil imports came into effect, as well as a price cap on crude oil. In February, restrictive measures on refined products will also be introduced, with the expectation of a further price cap to follow to cover these…
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An increased demand for remote solutions drives game-changing research and development of ScoutDI’s Scout 137 Drone System. Caused by or at least aggravated by, the Covid-19 pandemic, the maritime and offshore world has seen a surge in the need for remote inspection. Fewer hands on deck, increased work pressure and tight work schedules puts seafarer safety at risk and may jeopardise proactive…
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Bulk liquid storage provider Navigator Terminals recently trialled a new tank floor blasting methodology with C&D Access. Safety is at the heart of everything Navigator does. The company puts the health and wellbeing of its people first, striving to implement the most efficient and environmentally friendly solutions available whilst always reducing the impact of their activities. To…
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Tank Storage Magazine summarises the latest developments in overfill prevention technology. Depending on the product you’re storing, the hazard and/or damage of overfilling a tank can vary drastically. Implementing prevention initiatives costs less than cleaning up a spill and having to repair equipment. When terminal operators come to implement overfill prevention systems and devices, they…
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Cyann Fielding explores how the Internet of Things is improving safety and efficiency at terminals across the world. The Internet of Things (IoT) refers to a network of physical objects, known as ‘things’, which connect and exchange data with other devices and systems over the internet. The Industrial Internet of Things (IIoT) is a branch of IoT where devices are networked together for…
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