News

Dec 20, 2024
The experts at Argus Media explain the current trends in SAF, and their predictions for what the market’s future holds Aviation accounts for 2-3% of global emissions, and the focus of airlines is rapidly shifting to reducing their carbon footprint. Governments and international bodies such as the UN’s International Civil Aviation Organisation (ICAO) are also setting targets and proposing…
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Dec 20, 2024
The experts at AC Valve Alliance explain the challenges of jet fuel storage and maintenance Not many people know that civil airports in the UK hold very little jet fuel storage capacity. The fuel is stored off site in strategic locations around the UK. There is a connecting pipeline grid that feeds the airports 24 hours a day in order to keep the capacity of fuel needed. This strategically…
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Dec 20, 2024
Technip Energies and LanzaTech have announced that the US Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED) has committed up to $200 million (€192 million) in federal funding and authorised the initiation of Phase 1 of their sustainable ethylene from CO2 utilisation with renewable energy project (Project SECURE). Project SECURE aims to provide an integrated commercial…
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Dec 20, 2024
Neste has introduced a co-processed renewable feedstock under its established Neste RE brand. By co processing renewable raw materials such as used cooking oil together with fossil crude oil in its conventional oil refinery in Porvoo, Finland, Neste is able to produce a complementary type of Neste RE, a drop-in feedstock for the production of plastics and chemicals. A mass balance approach will…
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Dec 20, 2024
LBC has announced that it has raised €225 million through a recent US private placement (USPP) issue. Over the past decade, LBC has realised substantial growth, driven by its focus on upgrading infrastructure and expanding capacity to accommodate new products and services. The capital raised will fund LBC's next phase of growth and will be allocated as follows: €100 million funded on 11…
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https://vimeo.com/1041210983/74544e4a65?share=copyRadboud Grijpma from Viewport AI explains powerful descriptive AI for document management  Share this article: Videos OnDemand
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Dec 16, 2024
The International Liquid Terminals Association (ILTA) outlines what the terminals industry is watching for following the 2024 elections As with every American presidential election cycle, private industry waits with bated breath to see how the next four years will impact the national economy. In 2024, the bulk liquid terminals industry finds itself at a critical crossroads on several key policy…
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Dec 16, 2024
BP and XRG have reached financial close and completed formation of their new joint venture and international natural gas platform – Arcius Energy. Announced in February 2024, Arcius Energy is 51% owned by BP and 49% by XRG, ADNOC’s transformative investment company. The new joint venture will combine the pair’s deep technical capabilities and proven development track records as it aims to…
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Dec 16, 2024
CEO of ColdPad, Julien Bec, explains how the company’s game-changing bonded fastener is keeping workers out of dangerous situations Storage terminals regularly rely on hot works and welding to fix broken infrastructure. This can involve a range of risks, which require extensive preventative measures, and, in some cases can lead to a shut down. To avoid this, composite bonding specialists…
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Dec 16, 2024
From the Philippines to the UK, Stanlow Terminals’ Alyssa Usman shares her tank storage journey With a background in chemical engineering, Alyssa Usman has worked in oil and gas since 2014. ‘As soon as I graduated and passed my chemical engineer licensure exam, I was hired by the largest oil refinery in the Philippines,’ she says, now working as a quality and operations assurance specialist…
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Dec 16, 2024
Linde has been working alongside Heidelberg Materials on the CAP2U project - the world’s first large-scale carbon capture and liquefaction facility. Located at Heidelberg's cement plant in Lengfurt, Germany, the plant has hit some major milestones, Linde announced on LinkedIn. The 100-tonne absorption and 44-tonne stripper columns were successfully installed, followed by the assembly of four…
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Dec 16, 2024
Shell Nigeria exploration and production company (SNEPCo), a subsidiary of Shell, has announced a final investment decision (FID) on Bonga North, a deep-water project off the coast of Nigeria. Bonga North will be a subsea tie-back to the Shell-operated Bonga floating production storage and offloading (FPSO) facility which Shell operates with a 55% interest. The Bonga North project involves…
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Dec 16, 2024
Air Liquide has been awarded a grant of €110 million from the European Innovation Fund for its Enhance project in the Port of Antwerp-Bruges, Belgium, that aims to produce and distribute low-carbon and renewable hydrogen derived from ammonia. Air Liquide intends to build, own and operate a first-of-its-kind large scale renewable ammonia cracking plant and an innovative hydrogen liquefier. As…
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Dec 16, 2024
WorldEmp’s business partner Peter van Wessel explains how the company is delivering high-quality talent to tank terminal companies as they address their staffing challenges Companies in the tank storage and infrastructure sector face significant challenges, such as increasingly stringent safety standards and the pressure of the energy transition. They must comply with stricter regulations,…
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Dec 16, 2024
Tank Storage Magazine asks Marcel van de Kar, senior vice president hydrogen & CO2 at Vopak for his thoughts on the emerging hydrogen market In the global race to achieve net zero emissions, low carbon hydrogen has emerged as a needed solution. But crucially, there is no single solution to achieving net zero. ‘We need a diverse portfolio of energy sources, and hydrogen is a crucial part of…
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Dec 16, 2024
INEOS Energy has announced the acquisition of the Gulf of Mexico business held by CNOOC Energy US, a subsidiary of CNOOC International. These assets in the Gulf of Mexico are the third major investment by INEOS Energy in the USA, in the past three years, following the 1.4 million tonnes per annum (mtpa) LNG deal completed with Sempra in December 2022 and the acquisition of Chesapeake Energy’s…
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Dec 13, 2024
Global Tank Storage Award winner, Sherwin-Williams, explains how its gold winning emerging technology is helping insulate the industry Traditional insulating systems found on storage tanks often consist of a layer of primer, mineral wool or another insulator about 3 mm thick, clad in either stainless steel substrate or aluminium plate. Unfortunately, this means that the steel of the tank is…
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With the rise of AI and digitalisation, the fast-pace growth of robotics, and the growing demand for drones on site, Kate Rainford looks at the latest innovative designs entering the industry Storage terminals stand at the forefront of the energy transition and the approaching change sees them adapting to new technologies, and driving advancements in digital technology. For decades, traditional…
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Dec 13, 2024
Veri Energy has signed a memorandum of understanding (MoU) with the Severnside Carbon Capture and Shipping Hub (7CO2) to explore CO2 being transported from England to Sullom Voe Terminal (SVT) in Shetland (Scotland) before it is pumped under the North Sea for storage. Veri Energy is the subsidiary of SVT operator EnQuest, which is overseeing the transition of the terminal. The MoU will see the…
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Dec 13, 2024
Norwegian firm CryoVac has received an Approval in Principle (AiP) from DNV for its vacuum insulation technology to store liquid hydrogen. Storing and transporting hydrogen typically involves cooling the substance to around -253°C so that it is in liquid form. This extreme cold can cause steel to become brittle, potentially compromising the safety and durability of the tanks used to carry it.…
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