News
Royal Vopak announces the signing of Note Purchase Agreements for a debt issuance in the US Private Placement (USPP) market for a total amount of $325 million and €260 million (equivalent to around €560 million total). Funding will take place in June 2025 and is subject to customary closing conditions.
This Notes Program consists of various EUR and USD tranches with maturities ranging from…
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Chane terminal Botlek has completed a major upgrade for a leading customer, enhancing the storage, handling, and logistics of base oils.
In a post on LinkedIn, Chane says: ‘At the heart of this improvement is tank pit 16, designed with a clear focus on speed, safety, and efficiency. With 5 new base oil grades, 6 pipelines to the jetties, additional pumps, and an advanced truck loading station,…
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https://youtu.be/BcEnx_x1GzAAndrew Inglis from Etasca hosted a panel at StocExpo 2025 exploring the opportunities and challenges across emerging and developed markets in the tank storage sector. He was joined by industry experts Rudi Stalmans from Ener8, Tony Quinn from GTI Statia and FOT Fujairah, and Prostar Capital. Together, they discussed shifting global investment patterns, the strategic…
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https://youtu.be/cv_0zF-pbaMJeff Eickhoff from HMT Tank led a session at StocExpo 2025 on the economic, environmental and operational benefits of storage tank optimisation. He explored often-overlooked design choices that can enhance emissions control, tank integrity and operational efficiency, with a focus on holistic tank design and the selection of fixed and floating roof…
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Aramco, China Petroleum & Chemical (Sinopec), and Yanbu Aramco Sinopec Refining (Yasref) have announced the signing of a venture framework agreement (VFA) intended to pave the way for a major petrochemical expansion at Yasref, in Yanbu, on the west coast of Saudi Arabia.
Coinciding with Yasref’s 10th anniversary, the agreement seeks to advance engineering studies for the development of a…
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Snam has agreed to acquire Abu Dhabi's Infinity Investments' 24.99% stake in the share capital of Vier Gas Holding (VGH) – a Luxembourg-based company, which indirectly owns the entire share capital of Open Grid Europe (OGE) – for an equity value of €920 million.
OGE is Germany's largest independent gas transmission operator, managing a network extending for approximately 12,000 km, with an…
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Stolthaven's Houston (USA) terminal has been working with XL Batteries to commission the company's first pilot project, using organic flow batteries to store energy. In a post on LinkedIn, XL Batteries says: 'Our team is rethinking grid-scale storage by harnessing abundant organic chemistry and modular design to build safer, more durable, and capital-efficient solutions for the energy transition…
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EEMUA has released Edition 6 of EEMUA 159.
EEMUA 159 is considered to be the most comprehensive guidance available on above ground flat bottomed storage tanks. It is also used worldwide by regulators as an example of what good practice looks like.
EEMUA 159 is intended primarily to assist in the establishment of essential inspection and maintenance requirements for aboveground vertical…
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Neste, the world’s leading producer of sustainable aviation fuel (SAF), has started producing SAF at its renewable products refinery in Rotterdam, the Netherlands. The refinery has been modified to enable Neste to produce up to 500,000 tonnes of SAF per annum. As a result, Neste’s global SAF production capability has increased to 1.5 million tonnes (around 1.875 billion litres) per…
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Wärtsilä is set to expand its state-of-the-art technology centre Sustainable Technology Hub in Vaasa, Finland, with a €50 million total investment.
Expanding the R&D testing capabilities and facilities will enhance Wärtsilä’s ability to meet the growing demand for developing and delivering sustainable technologies in marine and energy and to support fuel applications needed in the…
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Three new tanks have successfully completed hydrotesting at Quantem's Pelican Point Terminal in Australia. The tanks are now being painted, moving closer to commissioning in the coming months.
Constructed using over 1,400 tonnes of Australian steel and delivered with 165,000 site hours - without an MTI or LTI - this project showcases Quantem’s commitment to safety and quality.
The diesel…
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Technip Energies has been awarded a major contract by Blue Point Number One, a joint venture between CF Industries, JERA, and MITSUI & CO, for the BluePoint Number One ATR Project in Donaldsonville, Louisiana, USA. This project aims to deliver the world's largest low-carbon ammonia plant with a capacity of approximately 1.4 million tonnes per year.
Technip Energies will perform the…
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Exolum has announced that its team in Houston, United States, has taken another step forward in strategy by partnering with the Greater Houston Port Bureau, a non-profit trade organisation dedicated to promoting collaboration and advancing the maritime industry.
On a post on LinkedIn, Exolum says: ‘This partnership and its network will be of great support to Exolum, as it will keep us…
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Wood has won a three-year contract to provide specialist technical support to Petroleum Development Oman (PDO) - the country’s primary oil producer.
Under the contract, 65 of Wood’s engineering and project management specialists will form part of PDO’s front-end engineering design (FEED) office, delivering complex front-end energy transition and carbon capture projects for PDO.
The cohort…
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Neste and DB Schenker have collaborated to work towards expanding DB Schenker’s adoption of Neste MY Renewable Diesel in Asia-Pacific. This partnership underscores the shared commitment of both companies to progress towards lower-emission logistics.
Both companies embarked on a trial which took place from December 2024 to February 2025, in which Neste MY Renewable Diesel was used in Singapore…
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Energy companies Mabanaft and HIF Global have signed an agreement for the planned purchase of e-methanol, reaffirming their commitment to promoting carbon-reduced fuels for the shipping industry. The initial purchase would be up to 100,000 tonnes of e-methanol per year, which is produced from renewable electricity and captured CO₂.
The agreement is the starting point for negotiations to…
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Bp Trinidad and Tobago (BpTT) has announced that its Cypre development has safely delivered its first gas, in Cyprus.
Cypre is one of Bp’s 10 major projects expected to start up worldwide between 2025 and 2027, announced as part of Bp’s reset strategy to grow the upstream. Production from Cypre will make a significant contribution towards the 250,000 barrels of oil equivalent per day…
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Crowley is enhancing the resiliency of its Isla Grande logistics terminal in San Juan, Puerto Rico, with the installation of a microgrid fuelled by liquefied natural gas (LNG).
The innovative energy system will provide a reliable power supply tailored to support the terminal’s daily operations, such as powering its terminal equipment, refrigerated containers, and administrative and maintenance…
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As FuelEU Maritime regulations come into full force this year, Lara Naqushbandi, CEO of e-fuels developer ETFuels, looks at what the industry needs to know, and how best to prepare
[caption id="attachment_59436" align="alignright" width="200"] Lara Naqushbandi, CEO of ETFuels[/caption]
FuelEU Maritime has come into effect this year, yet few in the marine industry have really thought through the…
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Genoveva Climent, Port Tarragona’s commercial & business development director shares stories from three bulk liquid storage companies operating in this Spanish energy hub
[caption id="attachment_59443" align="alignright" width="225"] Tepsa Iberia’s solar panels[/caption]
Sustainability and challenge are two words that go hand in hand; even more so in these uncertain times in which we are…
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A big thank you to our media partner @TankStorageInfo for supporting #TSA2026 | 17 September 2026 | @CBSArena | Coventry❗
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A new HCSS report finds that in a large-scale conflict, the Netherlands and the wider EU would struggle to meet surging military fuel demand while keeping the civilian economy running.
_via @TankStorageInfo
https://tankstorage.com/all-news/partner-news/europe-risks-fuel-shortages-in-wartime-new-hcss-report-warns/