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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Storage provider and handler of bulk liquid products, IMTT has announced that it has closed on the sale of the company’s bulk liquids storage terminal located in Gretna, Louisiana, US to provider of bulk liquid storage, BWC Terminals LLC. The Gretna terminal is located on the Mississippi River and has approximately 2.3 million barrels of storage capacity, with truck, rail, and deep-water marine…
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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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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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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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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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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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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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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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Industry experts discuss cybersecurity for critical infrastructure and why your terminal needs a solid plan at the latest Tank Talk.
In November, Tank Storage Magazine hosted our last FREE Tank Talk webinar on cybersecurity and critical infrastructure. Hosted by our editor, Anamika Talwaria, the webinar brought together cybersecurity industry leaders Holger Berens, chairman of the board of…
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Cyann Fielding sat down with Stefana Sopco, head of content marketing at Smartflow, to discuss what winning the silver Terminal Optimisation Tank Storage Award means for the future of their solution.
Founded in 2011, Smartflow holds digital innovation at its core. The software application is used to model, prepare, execute and analyse inspection checklists in the tank storage sector.…
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CEO of Falcker, Thomas Schouten, tells Tank Storage Magazine about their digital asset care platform and what makes it award winning.
Falcker's digital care asset platform was crowned the winner of the gold Terminal Optimisation award at the 2022 Tank Storage Awards. Falcker’s digital platform reduces the time required for inspections and displays early warning signs of tank failures, among…
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Tank Storage Magazine sat down with Marvin Lehel from Siemens, to discuss the company’s innovative solution that picked up a Tank Storage Award.
The Tank Storage Award for Innovative Technology recognises solutions that are revolutionising the tank terminal industry. As an IT tool, Siemens’ Digital Worker enables terminals to operate more safely and efficiently – reducing the time in the…
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StocExpo is back in March 2023, but what new features does the leading event have to offer to exhibitors and attendees, alike?
The largest and longest running international tank storage and future fuels event will be taking place in Rotterdam on 14-16 March 2023 to inspire, connect and share knowledge within the tank storage community. ‘The opportunity to immerse yourself with noteworthy…
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The experts at Owen’s Corning explain how heated tank bases can deliver a fast route to cost savings, higher efficiency and reduced emissions.
Storage tanks can hold a variety of organic liquids or gases including raw materials, intermediates, final products and usable byproducts. Although mainly used in the oil and gas industry, others, such as the food and fertiliser sectors, often rely on…
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Tank Storage Magazine compares the latest roofs & domes on the market.
The engineering behind each component of a storage tank is meticulously planned to ensure maximum usability for the terminal operator and the workers of a terminal. Tank covers, whether a dome, a roof, or a deck – are no exception. And the style of tank cover will depend on the product being stored.
Riza Altunergil at…
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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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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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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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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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Tank Storage Magazine’s North America 2026 edition is here! Featuring articles on US tank storage legislation, digital service models and more.
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