News

The European Council has announced a new regulation establishing rules for renewable and natural gases, and reforming the existing EU gas legislation. The new rules will help in making the shift to renewable and low-carbon gases, in particular hydrogen, with a view to achieving the EU’s decarbonisation targets. The gas package outlines rules for the natural gas market and establishes a…
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Arabian Chemical Terminals in Abu Dhabi (ACTAD) is has announced the start of operations at its newly built chemical tank storage terminal in Khalifa Port, Abu Dhabi, UAE. The terminal is the first commercial chemical tank farm of its kind in the Emirate. Strategically located in the new world class Khalifa Port and adjacent to the Khalifa Economic Zone Abu Dhabi (KEZAD), ACTAD aims to…
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The Trans Mountain pipeline expansion project has been completed in Canada and commenced commercial operations. The expansion project cost $30.9 billion (€28 billion) and involved laying 980 km of pipe alongside the existing 1,150 km route. First commencing operations in 1953, the new expansion was completed in the third quarter of 2023, and commercial operations began in May 2024 with the…
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ACME Cryogenics, part of OPW Clean Energy Solutions, has completed development of new 6” and 8” valve sizes for its Model CV Valve product line. The global investment and growth in hydrogen infrastructure has compelled many companies to develop larger-scale production and storage equipment, which requires larger components. Therefore, the creation of these new valve sizes in the CV Valve…
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JERA has announced its new growth strategy that integrates strategic business pillars and organisational edge, marking a realistic pathway towards 2035, and ultimately its 2050 zero emission goals. Amidst complex and rapidly changing global energy dynamics, JERA’s new growth strategy ensures the agility and efficiency further solidifying its leadership in solving energy trilemma, achieving…
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Shares of Brazil’s state-owned oil company Petrobras Petroleo Brasileiro SA (Petrobras) have dropped after President Luiz Inacio Lula da Silva fired CEO Jean Paul Prates following a dispute over dividend payments. Petrobras said in a statement on 14 May that Prates is expected to officially resign at an upcoming board meeting. The decision comes after months of tension after Prates refused to…
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Air Liquide has opened its largest hydrogen refueling station in Japan, located in Mitomiya, Fukushima prefecture, marking a huge step in hydrogen mobility. This refuelling station is strategically located near a major logistics cluster and will enable the deployment of large fleets of delivery trucks. The station will be operational 24/7 and is equipped with two dispensers. CJPT (Commercial…
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The US Department of Energy facility, National Carbon Capture Centre (NCCC), has finalised an agreement welcoming Chevron as the project’s newest industrial member. Chevron joins BP, ExxonMobil and TotalEnergies as NCCC Industrial Advisory Committee members, along with AEP, ClearPath, EPRI, NRECA, TVA and Wyoming ITC. The NCCC’s private-industry membership now includes four of the world’s…
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At least one person was killed and four others were injured after a huge fire broke out at a chemical storage tank in an Eastern Thailand industrial park on Thursday 8 May. The fire in Mab Ta Phut Industrial Estate, which was first reported in the morning, was contained more than six hours later. Fire workers estimated it might take more than 10 hours to be able to fully extinguish the flames,…
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ExxonMobil has brought in QatarEnergy as its new partner in two exploration blocks off the coast of Egypt. QatarEnergy has acquired a 40% participating interest in the Cairo and Masry concession agreements, while ExxonMobil will retain the remaining 60% operated working interest in the exploration blocks. Covering an area of approximately 11,400 square km in water depths of 2,000 to 3,000 m,…
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Climate Impact Corporation (CIC) today announced a non-binding agreement with GE Vernova’s Power Conversion business (GE Vernova) to lay out their intentions to collaborate on a design for the possible future deployment of highly efficient green hydrogen production modules, with the objective of achieving a $2 per kg (€1.86 per kg) production price for green hydrogen. CIC will be assisted by…
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UM Terminals has made a multi-million pound investment in one of its key strategic terminals. The investment has been focussed on the company’s Regent Road terminal in Liverpool, UK, which is also home to the company's head office. The improvements at Regent Road form part of UM Terminals' strategic growth plan to ensure the breadth of product expertise, bulk liquid storage capability,…
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ADNOC has delivered the world’s first certified bulk commercial shipment of low-carbon ammonia enabled by carbon capture and storage (CCS) to Mitsui & Co for use in clean-power generation in Japan. The low-carbon certification process, from production to delivery, has been conducted by TÜV SÜD, an internationally renowned certification agency. The landmark shipment produced by Fertiglobe…
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Yara Clean Ammonia and Greenko ZeroC have signed a term sheet for teh supply of renewable ammonia from Phase 1 of AM Green’s ammonia production facility in Kakinada, India. The agreement covers the long-term supply of up to 50% of renewable ammonia from Phase 1 of AM Green’s ammonia production facility. The plant will produce, and export renewable ammonia derived from carbon-free energy by…
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On 6-8 May 2024, the bulk liquid industry gathered in Houston, Texas, to enjoy the ILTA’s three-day conference and trade show. Packed with insightful presentations, tech innovations and challenging discussions, this was a show not to miss.   Keynote speakers Kicking off the ILTA’s 50th birthday celebration at the conference and trade show, former US President George W Bush joined ILTA…
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NISTM’S 26th Annual International Aboveground Storage Tank Conference and Tradeshow is a firm fixture in Tank Storage Magazine’s calendar – not least because it means our team can get away from gloomy April weather in the UK to sunny Florida for a few days. With plenty of networking opportunities (think golfing, breakfasts, drinks and dinners), it’s a great chance for our team to get in…
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Proton Ventures and LBC Tank Terminals are collaborating on a strategic joint venture aimed at developing ammonia terminal operations across northwestern Europe and North America. This partnership unites Proton Ventures’ end-to-end knowledge of the green ammonia value chain with LBC Tank Terminals’ vast expertise in safe and sustainable storage of liquid bulk products requiring specialized…
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Dover Fueling Solutions (DFS) has launched its latest automatic tank gauge (ATG) console, the ProGauge MagLink LX Ultimate. Established in 1993, ProGauge (formerly Start Italiana) has evolved into a leading brand for ATG solutions, globally. As part of the long-standing ProGauge Maglink LX console family, the MagLink LX Ultimate is DFS’ most advanced ATG console yet. Available globally, this…
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LyondellBasell has sold its Ethylene Oxide & Derivatives (EO&D) business and associated production facilities located in Bayport, Texas to INEOS Oxide. Tobias Hannemann, CEO of INEOS Oxide says: 'We are pleased to complete this strategic acquisition in the US. INEOS Oxide is a leading producer in Europe and this significant step expands our Ethylene Oxide & Derivatives business into…
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Shell Singapore has reached an agreement to sell its Energy and Chemicals Park in Singapore to CAPGC, a joint venture company between Chandra Asri Capital and Glencore Asian Holdings. The transaction will transfer all of Shell’s interest in Shell Energy and Chemicals Park Singapore to CAPGC. The Shell Energy and Chemicals Park Singapore comprises its integrated refining and chemicals assets on…
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