News

As StocExpo, the world's leading tank storage and energy infrastructure event, celebrates its 20th edition in Rotterdam this week, there has understandably been a lot of focus over how far the industry has come in the last two decades. In the session called ‘20 years of emissions control’, the panel, chaired by Ellen Daniels, CEO at British Compressed Gases Association, looked at the advances…
Read More »

The Global Tank Storage Awards of 2025 once again illuminated the industry's brightest stars, with a dazzling ceremony held on 10 March in Rotterdam. The event saw 200 esteemed professionals from the terminal sector gather to honour the most innovative and impactful contributions of the past year. Celebrating the 20th anniversaries of both Tank Storage Magazine and StocExpo, this year’s awards…
Read More »

LBC Tank Terminals (LBC) has announced a change in ownership. An agreement has been reached between its current owners (Ardian, APG and PGGM) and Mitsui O.S.K. Lines (MOL), marking the beginning of a new phase for the company. Following all regulatory approvals, the transaction is expected to close within the next three to four months. LBC is one of the world's largest independent chemicals…
Read More »

Vopak has reached a positive final investment decision in expanding its global industrial terminal footprint by constructing 160,000 m3 tank infrastructure in Map Ta Phut, Rayong, Thailand, to support the import of US ethane into Thailand. Vopak’s joint venture entity Thai Tank Terminal signed a 15-year contract with PTT Global Chemical, a leading global chemicals company, for the storage and…
Read More »

Emerson has announced the release of the Rosemount 625IR Fixed Gas Detector, designed to provide reliable and fast gas detection in all plant environments using advanced optical absorption detection technology. End users need fast and reliable detection of hydrocarbon gases without false alarms, so gas detectors must be able to operate reliably in hazardous environments and all weather…
Read More »

GTT has received, in the first quarter of 2025, an order from an Asian shipyard for the tank design of two new liquefied natural gas carriers (LNGCs) on behalf of an Asian ship-owner. GTT will design the tanks of these two vessels, which will each offer a total capacity of 174,000 m³ and will be fitted with a membrane containment system from the NO96 series developed by GTT. Deliveries of the…
Read More »

LNGPH, the integrated liquefied natural gas (LNG) power facilities of South Premiere Power (SPPC) and Excellent Energy Resources (EERI), have signed an LNG sale and purchase agreement (LNG SPA) with Vitol Asia. Starting in 2025, Vitol will supply up to 0.8 million tonnes of LNG annually for a period of 10 years. The LNG will be sourced from Vitol’s global portfolio and delivered to the LNGPH…
Read More »

Honeywell has announced that it has agreed to acquire Sundyne from private equity firm Warburg Pincus for $2.16 billion (€2 billion) in an all-cash transaction. This represents approximately 14.5x 2024 EBITDA on a tax-adjusted basis. Sundyne is a leader in the design, manufacturing and aftermarket support of highly-engineered pumps and gas compressors used in process industries. The addition of…
Read More »

Ahead of speaking at StocExpo, Samp’s COO Thomas Grand explains how a data - driven approach can improve terminal operations The tank storage industry faces a wide array of challenges, from managing complex facilities to ensuring data accuracy for critical decision- making. As operators aim to minimise risks, enhance profitability, and maintain a competitive edge, having a clear and reliable…
Read More »

LBC Tank Terminals’ sales manager Anne Been shares how her father’s maritime career influenced her story in the tank storage and chemical industry [caption id="attachment_58289" align="alignleft" width="300"] Anne Been, sales manager, LBC Tank Terminals[/caption] After graduating, Anne Been was looking for a career that was as dynamic as it was international. ‘My dad worked in the maritime…
Read More »

LBC Tank Terminal's Seabrook facility in Galveston, Texas, USA, has achieved a new milestone with its first night-time vessel departure following the lifting of daylight restrictions. The company made an announcement on LinkedIn about the first time a fully loaded crude oil vessel has departed the terminal during night-time hours. This achievement was made possible by Project 11, a Port of…
Read More »

Odfjell Terminals Korea (OTK) and S-OIL have strengthened their strategic partnership with a milestone 10-year storage contract, comprising three tanks (23,990 m3) within OTK’s E5 expansion project. The E5 project involves the development of a new tank pit with 10 state-of-the-art carbon steel storage tanks (87,940 m3). Upon completion, the expansion will increase OTK’s total storage…
Read More »

The first supply of Neste's renewable diesel has been delivered to the Singapore Cruise Terminal by a tanker operated by Global Energy. The fuel was sourced from Vopak’s Penjuru Terminal, following a strategic partnership between Neste and Vopak to support Singapore's sustainable fuel development. Ee Pin Lee, head of commercial APAC, renewable products at Neste, says: 'This first supply of…
Read More »

Ahead of speaking at StocExpo, Samp’s COO Thomas Grand explains how a data - driven approach can improve terminal operations The tank storage industry faces a wide array of challenges, from managing complex facilities to ensuring data accuracy for critical decision- making. As operators aim to minimise risks, enhance profitability, and maintain a competitive edge, having a clear and reliable…
Read More »

With over 20 years of leadership in environmental markets, Redshaw Advisors provides expert guidance on navigating the CBAM framework effectively The Carbon Border Adjustment Mechanism (CBAM) introduces new challenges for a range of companies, including liquid storage terminals, tank operators, and managers handling carbon-intensive goods such as oil, LNG, and other liquid commodities. While CBAM…
Read More »

Ulf Hinterscheid looks at what has changed in the tank storage industry since the Buncefield disaster The Buncefield tank farm fire, which occurred on 11 December 2005 in Hemel Hempstead, Hertfordshire, England, is one of the largest industrial fires in British history and marked a pivotal moment in the regulation and safety practices of the tank storage industry. As we approach the 20th…
Read More »

The experts at S&P Global look at the challenges and opportunities for the European liquid bulk storage industry in a shifting energy landscape The European liquid bulk storage industry stands on the brink of a seismic shift. With geopolitical tensions escalating and the relentless march towards decarbonisation, the sector faces unprecidented challenges. As traditional fossil fuels fall out…
Read More »

Baker Hughes and Frontier Infrastructure have announced a strategic partnership to accelerate the deployment of large-scale carbon capture and storage (CCS) and power solutions in the US. As part of the agreement, Baker Hughes will provide innovative technologies and resources in support of the development of large-scale CCS, power generation, and data centre projects. Frontier is leading the…
Read More »

Sherwin Williams has launched Heat-Flex Advanced Energy Barrier (AEB) which tackles corrosion under insulation (CUI), effectively eliminating the costly and dangerous phenomenon of steel assets corroding underneath insulation systems. The coating replaces the bulky mineral-based insulation that’s traditionally used on storage tanks, process vessels and piping to retain process heat. By…
Read More »

Protego’s Thorsten Schaper explains how optimising the set pressure of tank breather valves can help reduce emissions and nitrogen consumption Breather valves have an important role to play in reducing emissions at a tank farm. The following case study takes a fuel tank farm that has been in operation for 12 years and demonstrates how the optimal design for breather valves prevented the loss…
Read More »