News
Terminal Quimica Puerto México has announced the conclusion of a project finance operation with a consortium of six institutions for $408 million (€381 million) and a $32 million (€29 million) L/C. This will contribute together with its shareholder’s equity for the complete funding of its cryogenic ethane terminal in Coatzacoalcos Mexico.
‘With that, TQPM construction which is at 48%…
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Implico has announced a supplier partnership with the leading representative of Europe’s bulk liquid storage sector, FETSA.
FETSA represents over 140 companies across Europe and is the authoritative voice for the bulk liquid storage sector in Brussels. Their mission emphasises member interests including:
Lobbying European institutions
Highlighting the sector’s sustainable development
…
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Indian Oil Corporation has announced its plans to expand the capacity of its liquefied natural gas (LNG) terminal located inside the Kamarajar Port, in Ennore, Chennai, India.
The company aims to double the terminals capacity to 10 million metric tonnes per annum of LNG. This is because projected demand for LNG from the Ennore LNG Terminal is expected to increase beyond its present 5 MMTPA by…
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Fuel and tank storage risk-mitigation specialist LCM Environmental Services has completed its third acquisition of the year.
The company has acquired North Yorkshire-based businesses Repair Protection & Maintenance Ltd and Sprayglass International Ltd.
RPM is a supplier of tank lining, bund and advanced coating service specialist services, with an offering that complements LCM’s current…
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Gasunie has successfully issued its first green bond, a loan of €300 million with a maturity of 9.5 years.
There was a great…
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Celebrating 50 years of excellence, the experts at PALA Group share the secrets to a successful partnership and aboveground storage tank builds
In 1973, PALA Group embarked on a journey that would redefine industrial construction solutions. Today, PALA proudly celebrates 50 years of unwavering commitment to quality, safety, and innovation. From PALA’s roots in the Gulf Coast to…
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International energy company, Occidental has announced that finance company, BlackRock will invest $550 million (€515 million) on behalf of clients in the development of STRATOS, the world's largest direct air capture (DAC) facility, in Ector County, Texas, US.
DAC is a technology that captures and removes large volumes of CO₂ directly from the atmosphere, which can be safely and securely…
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The Chemical Business Association (CBA), the voice of the UK chemical supply chain, has released results from the latest quarterly supply chain survey, with industry-wide respondents* reporting a decline in order books, sales and margins from the previous three months.
Published for over 20 years, the survey has become a barometer for the sector, covering sales, order books and employment, as…
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Cyann Fielding speaks to iSensPro about its gold win for Emerging Technology at the Global Tank Storage Awards 2023
Sensor Technology plays a crucial role in the bulk liquid industry by providing accurate and real-time data about various parameters related to the storage, transportation, and handling of liquids in large quantities. These sensors monitor and control important factors such…
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Emerson has announced the introduction of the Micro Motion G-Series line of Coriolis mass flow and density meters.
The Micro Motion G-Series Coriolis flow and density meter offers the same level of quality and reliability as standard designs, in a much smaller and lighter form factor. Compared to traditional volumetric flow meters, it provides direct mass flow measurement, immunity of process…
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https://vimeo.com/880493531/ca632d75e1?share=copyAnamika Talwaria speaks to Emerson's Christopher Hoffmann about being one of StocExpo 2023's 40 Under 40 winners.
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Kinder Morgan has announced that it has agreed to acquire NextEra Energy Partner’s South Texas assets, STX Midstream, US for $1.815 billion (€1.7 billion).
The STX Midstream pipeline system includes a set of integrated, large diameter high pressure natural gas pipelines that connect the Eagle Ford basin to key growing Mexico and Gulf Coast demand markets.
STX Midstream includes a 90%…
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Clean energy finance company EDI Capital explains how introducing on-site renewable projects could offer the best return on investment when it comes to offsetting emissions at the terminal
Carbon offset programs are now standard practice for oil and gas companies, but traditional approaches like purchasing renewable energy certificates (RECs) or investing in carbon projects…
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The most important event for the global tank storage industry will return to the Rotterdam Ahoy, 12 – 13 March 2024.
Registration is now open for StocExpo 2024, the internationally recognised meeting-place for 3,700+ tank storage and energy infrastructure professionals.
In partnership with the Federation of European Tank Storage Associations (FETSA), the conference and exhibition will feature…
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BP has successfully started production from the Seagull oil and gas field in the UK North Sea, boosting energy supplies, supporting the supply chain and jobs, and underpinning continued production from an offshore facility that’s been operating for 25 years.
Seagull has been developed by Neptune Energy as a subsea tieback to the BP-operated central processing facility (CPF) of the Eastern…
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Wärtsilä has engineered, delivered, and installed the biogas upgrading solution to a new biogas 17 tpd liquefaction plant in Hjørring, Denmark.
The contract was awarded to Wärtsilä in 2022, and the official start-up took place in June 2023.
The facility is one of two biogas plants owned and operated by GrønGas A/S in Denmark. The other plant, located in Vrå, also features a Wärtsilä…
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TerraVest has announced that it has entered into an agreement to acquire all the assets of the subsidiaries of Highland Tank.
Based in Stoystown, Pennsylvania, Highland Tank is a leading manufacturer of fuel and chemical storage tanks, LPG vessels and other custom-built steel storage products in North America.
The total purchase price was $78 million (€73.3 million).
As part of the…
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QatarEnergy LNG has delivered the 1,000th LNG shipment to the South Hook LNG Terminal at Milford Haven in the United Kingdom.
The landmark delivery was made by the Q-Max LNG carrier Mozah, which already has another landmark achievement to its name: the 10,000th LNG cargo from Ras Laffan Port in 2006.
Commenting on this occasion, Saad Sherida Al-Kaabi, the minister of state for energy affairs,…
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IMTT has announced that it has sold the company’s bulk liquids storage terminals located in Alamogordo, NM; Bremen, GA; Macon, GA; Montgomery, AL; and Moundville, AL to JET Infrastructure.
These terminals collectively represent approximately one million barrels of storage capacity, leaving IMTT with 41 million barrels of storage capacity at its terminals on the East, West, and Gulf Coasts and…
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Mark McAllister has been announced as the next chair of Ofgem - strengthening the government’s work to build a more secure and affordable energy system.
He will take up the role at an important time for regulator Ofgem as they work to reform the energy market to best serve consumers. He will also work closely with the government to support more households to move towards cleaner, cheaper…
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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
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