News

[caption id="attachment_34480" align="alignleft" width="300"] Stainless tanks and pipeline for liquid chemical industrial on sky background[/caption] As of October 2023, Implico is an associate member of the Independent Tank Storage Association UTV. As advocates for digital transformation, Implico aims to illuminate innovative pathways for Germany's tank terminal operators, placing a…
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US appetite for heavier barrels to remain robust in the medium-term, says Johannes Rauball, crude analyst at Kpler   Western refineries were largely able to circumvent the effects of EU sanctions on Russian oil relatively smoothly and adapt to the reshuffling of global trade flows over the last year. However, its impact can still be felt today, particularly across medium and heavy crude…
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Alkion Terminals, part of Koole Terminals Group, is committed to growing its expertise and expanding the services they offer their customers. As part of this, Alkion Terminal Lisbon, Portugal, has welcomed bitumen as a new product in their portfolio. 'We began offering bitumen storage services in April of this year, after one of our customers expressed interest in storing bitumen with us,' says…
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India's prominent integrated energy platform, Avaada Group, has signed memorandum of understanding (MoU) with Gopalpur Port. This strategic alliance aims to establish a storage facility dedicated to storing green ammonia at the Gopalpur port, India. The signing of this MoU represents a significant leap forward, enabling the port to become a vital hub for exporting green ammonia, a key component…
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Chevron Corporation has announced that it has entered into a definitive agreement with Hess Corporation to acquire all of the outstanding shares of Hess in an all-stock transaction valued at $53 billion (€50 billion), or $171 (€161) per share based on Chevron’s closing price on October 20, 2023. Under the terms of the agreement, Hess shareholders will receive 1.0250 shares of Chevron for…
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On October 11, the World Hydrogen Congress hosted a fireside chat that delved into the numerous possibilities of ammonia as a key player in the energy transition. Richard Scott, ACME Group, led the discussion, joined by Jeremie Esquier from Technip Energies and Mark Tipping from Lloyd's Register. The conversation revolved around the technical barriers, innovations in the supply chain, and the…
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Eni has signed a long-term contract with QatarEnergy LNG North Fielding West, the JV between Eni and QatarEnergy for the development of the North Field East (NFE) project in Qatar, for the delivery of up to 1.5 billion m³ per annum (bcma) of LNG. The available volumes will be delivered at the receiving terminal 'FSRU Italia', currently located in Piombino, Italy, with expected deliveries…
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Having won gold in Safety Excellence at the Global Tank Storage Awards, Odfjell Terminals Korea shares insights into establishing an accident-free workplace   Odfjell Terminals Korea (OTK) was established as a subsidiary of Korea Petrochemical Company as part of a joint venture with Odfjell SE (Norway). Odfjell SE has over five decades of experience in tank terminal operations, currently…
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Affiliates of QatarEnergy and Shell have announced the signing of two long-term LNG sale and purchase agreements (SPAs) for the supply of up to 3.5 million tons per annum (MTPA) of LNG from Qatar to the Netherlands. LNG will be delivered to Gate LNG terminal located in the port of Rotterdam starting in 2026 for a term of 27 years. The LNG volumes will be sourced from the two joint ventures…
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Developer of energy supply and import hubs, Tree Energy Solutions (TES) – on behalf of Deutsche Grüngas und Energieversorgung GmbH (DGGEV) -  has announced it is inviting market participants to submit non-binding expressions of interest for additional long-term terminal capacities from 16 October 2023. This follows a successful open season and positive market reactions. The total planned…
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The green hydrogen market is rapidly evolving as interest in sustainable energy grows. Key players in the energy industry are engaged in a complex dance of supply and demand, pricing, subsidies, and certification. The first step is to understand customer requirements, including volume and price expectations. Before investing significant resources, potential hydrogen producers must be certain of…
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Aidan Doherty, managing director of Re-Gen Robotics, discusses how no-man tank cleaning can impact safety, costs and reputation. Tank cleaning plays a critical role in ensuring the efficiency and safety of oil storage facilities. Traditional practices involving a confined space entry (CSE) crew for cleaning and maintenance have proven to be hazardous, leading to avoidable fatalities, and…
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Tank Storage Magazine sits down with Agnes Kiss, sales representative at Walter Tosto to discuss what route led her to tank storage   Agnes Kiss, sales representative at Walter Tosto, strongly believes that every persons’ life follows the ways set by their background, their dreams and their choices. Kiss was born in a well-known industrial city in Romania. During her childhood, at least…
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BP has announced that the first cargo of liquefied natural gas (LNG) produced by the new third liquefaction train at the Tangguh LNG facility, in Papua Barat, Indonesia, has safely been loaded and sailed, to be delivered to Indonesia’s state-owned power generator PT PLN (Persero). This marks the start of full commercial operation of the expanded Tangguh LNG facility. Tangguh Train 3 adds 3.8…
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As I type this note, half of our team are away from the office at events. David Kelly, our international sales manager has been in Denver, CO, at the API conference and exhibition, meeting with many of your lovely people, and hopefully securing some deals for our next North America-focused issue! One of our journalists, Cyann Fielding, has been in the Netherlands at the World Hydrogen Congress,…
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Porthos has announced it has taken a final investment decision to develop the first major CO2 transport and storage system in the Netherlands. In 2024 construction will begin in Rotterdam, with the Porthos system expected to be operational by 2026. The Porthos infrastructure requires an investment of €1.3 billion. With the final investment decision reached, Porthos will now award contracts…
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At the beginning of October, UK future fuels company, Green Biofuels Ltd announced that it has gone into administration. This news come only 20 months after BP took a 30% stake in the company. Three partners from Ernst & Young LLP have been appointed administrators of HVO supplier Green Biofuels, effective 02 October 2023, In a statement reported by Freight Carbon Zero, a GBF, spokesperson…
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29 terminals within the global Vopak network are now ISCC-certified to store sustainable products like sustainable aviation fuel and other biofuels and feedstocks. The ISCC-certified terminals will now be able to broaden the services they are able to provide their customers with. In addition, it also showcases Vopak's strategic goal to accelerate the energy transition by developing…
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The US Department of Energy (DOE) has announced it has selected the Pacific Northwest Hydrogen Association’s PNWH2 Hub for award negotiations as one of the Regional Clean Hydrogen Hubs following a competitive nationwide process. DOE’s H2Hubs will kickstart a national network of clean hydrogen producers, consumers, and connective infrastructure while supporting the production, storage,…
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Archive edition: Volume 19 - Issue 05 Date published: October 2023 [real3dflipbook id='13']In this issue... Growth, Community & Future-proofing The team at Flint Hills Resources explains how keeping up with demand and community engagement is enhancing its services Leading in Renewable Diesel and SAF The team at Stolthaven New Orleans discuss trends in the…
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