Terminal News
Uniper's CEO Michael Lewis has been awarded the CBE for services to Energy Security and Net Zero, in the New Year Honours list for 2025. The New Year's Honours List recognises individuals with knighthoods, medals, and ranks like the Commander of the Order of the British Empire (CBE) for their contributions to society, industry, community, or a field of work. These honours, granted by King Charles…
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Advario has finalised a €650 million corporate refinancing, strengthening its financial flexibility to support the company’s strategic goal of playing a leading role in the energy transition. This financing arrangement comprises credit facilities provided by a consortium of international banks.
The new funding aligns with Advario’s Horizon 2030 strategy, which aims to double the business…
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Neste and Air New Zealand have signed an agreement for the supply of 23,000 tonnes (30 million litres) of unblended Neste MY Sustainable Aviation Fuel. It is the airline's largest purchase of sustainable aviation fuel (SAF) to date. The SAF will be used by Air New Zealand at Los Angeles (LAX) and San Francisco (SFO) international airports through to February 2026.
The agreement follows earlier…
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Power2X has announced a strategic collaboration with Honeywell to implement Honeywell UOP’s eFiningTM methanol-to-jet processing technology in Power2X’s eFuels Rotterdam project - a large-scale production and storage hub for sustainable aviation fuel (eSAF) and synthetic, ultra-low carbon fuels in the Port of Rotterdam.
The Rotterdam facility will use locally produced green hydrogen and…
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Aquarius Energy has announced its intention to acquire Oiltanking’s 37% stake in Oiltanking MOGS Saldanha (OTMS) from Oiltanking. OTMS is a state of the art 10 million barrel storage and blending facility in South Africa. Gary Kalmin, CEO of Aquarius Energy, says: 'We are excited to be investing into the South African energy market. Aquarius will bring its global capabilities to work with our…
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Exolum strengthens its commitment to decarbonisation by integrating this goal into its financing strategy through the signing of its first sustainable loan for a total amount of £500 million (€602 million). This loan is financed by 17 banks and receipt of the agreed funds was conditional on the establishment of a framework with indicators related to corporate social responsibility within nine…
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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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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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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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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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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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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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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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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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Raffinerie du Midi has integrated Imrat Engineering into its activities. This strategic acquisition of a long-standing partner marks a new stage in the development of its expertise, strengthening the wide range of its services to meet the needs of storage operators, energy companies and any logistics infrastructure. Imrat Engineering is known for its expertise in the engineering of aboveground…
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Chane has recently completed the installation of the final dome roof at Tankpit 27 at its Botlek terminal, Netherlands, the company announced on LinkedIn. The roof covers 84,000 m3 of the four tanks of this pit. 'We're incredibly proud to see operational excellence come to life across our organisation, both in optimising processes and improving hardware, like in this case,' says Michiel Flier,…
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Seplat Energy, a leading Nigerian energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange, has completed its acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil.
The transaction is transformative for Seplat Energy, more than doubling production and positioning the company to drive growth and profitability, whilst contributing significantly to…
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Tepsa has signed a memorandum of understanding (MoU) with Madoqua and other value-chain partners to facilitate a Green Corridor from Portugal to Germany and the Netherlands.
Green shipping corridors are a maritime sustainability tool for reducing greenhouse gas emissions using new technologies, clean fuels, and innovative business models. The value-chain signatories to the MOU will combine their…
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RINA, a global leader in inspection, certification, and engineering consultancy services, has been awarded a contract by Petronas CCS Solutions to carry out a pre-FEED (preliminary front-end engineering design) study for a groundbreaking carbon capture and storage (CCS) project in Malaysia. This major development is a key step in supporting the country’s efforts towards achieving net-zero…
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VTTI has announced an open season for Project Amplifhy, VTTI’s initiative to develop a European network of ammonia import terminals and ammonia crackers. The open season is to gauge interest and work towards capacity reservation and allocation for ammonia storage and ammonia cracking at VTTI’s terminals in Rotterdam and Antwerp.
VTTI’s offering of ammonia import and cracking facilities…
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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
https://tankstorage.com/all-news/partner-news/europe-risks-fuel-shortages-in-wartime-new-hcss-report-warns/