News

Air Products and Mabanaft, through a joint development agreement, its subsidiary Oiltanking Deutschland, have announced their intention to build Germany’s first large-scale, green energy import terminal in the Port of Hamburg.   The joint development agreement aims to develop green ammonia import and distribution infrastructure in the Port of Hamburg. The project hopes to provide hydrogen to…
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Petroleum and natural gas company, Aramco, is making its biggest ever investment in South Korea to develop one of the world’s largest refinery-integrated petrochemical steam crackers through its S-OIL affiliate. This is in line with the company’s strategy to maximise the crude to chemical value chain. The $7 billion (€6.7 billion) Shaheen project aims to convert crude oil into…
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StocExpo, the leading international tank storage event, taking place 14-16 March 2023, has transitioned away from its former branding to an updated, fresher, look with a white and green theme. In recognition of the evolution of the tank storage industry towards cleaner, greener fuels, StocExpo has changed its branding with more modern colours and icons. Working across an international audience,…
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As of 17 November, Alkion Terminals and Koole Terminals are officially one group, working together toward a more sustainable future. With 20 terminals in seven countries, 900 employees and a total capacity of 5.3 million m3, Alkion Terminals and Koole Terminals have significantly increased their potential together. The new organisation aspires to become the European market leader in innovative…
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International integrated energy services partner Kent has been awarded a three-year contract to provide structural integrity analysis modelling services for global chemical producer INEOS UK on its southern North Sea (SNS) offshore platforms, Breagh Alpha and Clipper South.  Kent will support the safe and sustainable structural integrity management of existing offshore facilities for INEOS UK.…
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One of Japan's most prominent oil refineries, Idemitsu Kosan Co, has announced it will invest ¥690 billion (€4.3 billion) over the next three years to March 2026 to step up its energy transition procedures, while scaling down fossil fuel assets, to tackle climate change.  Under the new three-year business plan, Idemitsu aims to lower the proportion of its total profits coming from fossil…
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Mettler Toledo has introduced a new instrument that analyses liquid, and translucent samples for their optical spectrum, colour, and water parameters. Using the new device, Easy VIS, operators can speed up their processes and improve the quality of results – saving time, money and space.   The tool can be used instead of three separate instruments: a colorimeter, a spectrophotometer, and…
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The US Department of Energy (DOE) has announced $1.5 million (€1.44 million) in funding for five projects that will aim to advance key clean-hydrogen technologies, while growing the skills and knowledge of science and engineering students at Minority Serving Institutions. The funding will be provided by the DOE Hydrogen and Fuel Cell Technologies Office (HFTO) through an amendment to a funding…
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The German government has completed launching its first floating liquified natural gas (FLNG) terminal. This will receive liquefied natural gas as part of Berlin’s plan to replace Russian gas. The infrastructure was completed in 194 days  which was achievable due to permitting exceptions and forgoing environmental impact assessments. Due to the halt in gas supply from Russia provider…
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Exolum will invest €30 million in the construction of a plant for hydrocarbon treatment and recovery on a site in Algeciras Bay. In addition, to help develop this project, Exolum’s project named Garbium and has reached a collaboration agreement with Naviera Murueta.   The project is part of the circular economy concept and consists of the construction of a facility for the processing and…
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Integrated energy and chemicals company, Aramco, and Indonesia’s national energy company, Pertamina (Persero), have signed a memorandum of understanding (MoU) to explore the hydrogen and ammonia value chain. The MoU involves a pre-feasibility study to assess the possibility of cooperation related to the development of a clean ammonia and hydrogen value chain. It includes potential carbon…
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Dubai’s international oil and gas company, ENOC Group, and Japanese heavy-industry manufacturer, IHI Corporation, have signed a memorandum of understanding (MoU) to explore a low-carbon hydrogen and low-carbon ammonia supply chain in the UAE. As part of the agreement, both parties will complete corresponding studies for green ammonia production in the UAE. This will include a pre-feasibility…
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BP has successfully loaded the first cargo from Mozambique’s offshore Coral Sul FLNG facility. It is the country’s first LNG project and first floating LNG carrier in deep waters.   Under a long-term contract, BP will purchase 100% of LNG output from Coral Sul FLNG, which has the capacity to produce up to 3.4 million tonnes of LNG per year.   BP aims to expand its LNG portfolio to 30…
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Tank Storage Magazine’s editor, Anamika, recently visited VI Med Hub Day at Port Tarragona, Spain. The event was held at Tinglado 1, set against the sounds of ships passing by and sounding their horns. It was the first time the event, now in its sixth edition, was held at the gallery venue. With road and railway networks on the doorstep, the portside art gallery was the perfect venue to…
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Tank storage giant Vopak has shared its Q3 results for 2022, with an improved EBITDA of €227 million. The company has raised its full-year EBITDA outlook to around €890 million. The full report reveals Vopak’s key highlights, including: Increased revenue to €1 billion Proportional occupancy improved to 89% in Q3, from Q2 (87%), driven mainly by performance in Asia and Middle East,…
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Storage terminals across Asia are reporting tank tops, leading to LNG suppliers requesting cargo deferrals. Korea and Japan are seeing high gas inventory levels due to a mild winter, as China and India terminals are seeing weaker demand for LNG. The high inventory situation is resulting in LNG importers taking steps to delay shipments by extending the waiting time for LNG carriers or asking…
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Clean hydrogen development company, Vision Energy, has announced a cooperation agreement with hydrogen storage and distributor, Linde Engineering, to accelerate engineering efforts for the company’s green energy terminal in the North Sea Port of Vlissingen, Netherlands. Vision Energy has partnered with Linde Engineering to deliver preliminary Front-End Engineering and Design (FEED) services to…
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On Monday 7 November, Symrise chemical plant in Georgia, USA, caught fire and suffered a series of explosions. Local law enforcement is working with the chemical plant to determine the cause of the fire.   More than 1 million gallons of water had to be depleted from tanks on site before tanker trucks arrived. One firefighter is currently suffering from exhaustion and is being treated in a…
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Multinational energy company, Chevron Corporation (as Chevron New Energies) and Japanese transport company, Mitsui O.S.K. Lines (MOL) have announced the signing of a joint study agreement (JSA) for the feasibility of transporting liquified carbon dioxide (CO2) from Singapore to permanent storage locations offshore Australia. Under the JSA, Chevron and MOL will explore the technical and commercial…
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Global plastic, chemical and refining company, LyondellBasell, invited all its logistics partners to an event to share best practices and encourage safety and operational excellence across the industry. Domestic bulk facility, Stolthaven Houston, was recognised for its consistently high performance and a total recordable incident rate (TRIR) of zero. Daniel Strydom, general manager, Stolthaven…
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