Terminal News
BP has agreed to acquire Bunge’s 50% holding interest in its BP Bunge Bioenergia S.A. joint venture, one of Brazil’s leading biofuels-producing companies. Upon completion, BP will become the sole owner of the industrial scale sugarcane and ethanol business, enabling BP to accelerate value creation through integration with BP’s trading and technology capabilities.
The enterprise value of…
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Technip Energies has been awarded a contract by Indian Oil Corporation Limited (IOCL) for the license, basic engineering design package, proprietary equipment and catalyst supply and related services for the 1,500 kilotonnes per annum Paradip naphtha cracker unit (PDNCU) block of the grassroot petrochemical complex in Paradip, India.
The petrochemical complex will be integrated to the existing…
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International liquid bulk storage company Koole Terminals Group today announced that it will now operate under the name Chane.
The rebranding signifies a further unification of the company, after strengthening its position in the European liquid bulk storage market significantly with the acquisitions of Alkion Terminals in 2022 and Maastank in 2023.
John Kraakman, CEO at Chane says: 'This week,…
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Shell Eastern Trading has reached an agreement with Carne Investments, an indirect wholly-owned subsidiary of Temasek, to acquire 100% of the shares in Pavilion Energy includes a global liquefied natural gas (LNG) trading business with a contracted supply volume comprising about 6.5 million tonnes per annum (mtpa).
Headquartered in Singapore, Pavilion Energy’s global energy business…
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Netherlands-flagged dredger Vox Maxima experienced a sudden loss in engine and steering control on 14 June, causing it to collide into Singapore-flagged Marine Honour at Pasir Panjang Terminal, Singapore. This caused one of the vessel's oil cargo tanks to rupture and spill fuel oil into the sea. The oil was carried to beaches and parks around Singapore and also to the island of Sentosa.
The…
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Stolthaven Terminals, in partnership with ING APAC, has won the Transport Deal of the Year award at 2024's Asset Triple A Sustainable Infrastructure Awards in Singapore.
[caption id="attachment_38427" align="alignleft" width="300"] Stolthaven Terminals Singapore[/caption]
The award recognises Stolthaven's SGD 280m Sustainability-Linked Loan (SLL) in the Asia-Pacific region, which is linked to…
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OMV Petrom, is to invest approximately €750 million at Petrobrazi refinery, Romania, to transform the facility into the first major producer of sustainable fuels in the region.
The company has made the final investment decision to build a SAF/HVO (sustainable aviation fuel/hydrogenated vegetable oil) facility along with two facilities for green hydrogen which will be used in the production of…
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Uniper has decided to terminate its long-term Russian gas supply contracts and legally ended the long-term gas supply relationship with the Russian state-owned company Gazprom Export.
The decision was made possible after an arbitration tribunal on June 7 awarded Uniper the right to terminate the contracts and awarded it an amount of more than €13 billion in damages for the gas volumes not…
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Energy giants QatarEnergy and ExxonMobil have released a construction update for their Golden Pass LNG export terminal project on the US Gulf Coast, near Sabine Pass, Texas.
A joint venture of Chiyoda, McDermott, and Zachry won the contract to build the tree Golden Pass trains worth more than $10 billion next to the existing LNG import terminal. However, US construction company Zachry Holdings…
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Green Marine Fuels Trading has announced a collaboration with Royal Vopak Terminals for green methanol port storage facilities in the key ports of Shanghai Caojing and Tianjin Lingang, China. This milestone agreement marks the next phase of methanol supply chain infrastructure expansion for Green Marine Fuels Trading, securing necessary port storage capacity to accommodate projected supply of…
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ADNOC has made the final investment decision for its Ruwais LNG project, the company announced on LinkedIn. Ruwais LNG will be the first LNG facility in the MENA region to be powered by clean energy.
As one of the world’s lowest-carbon intensity LNG plants, the project underscores ADNOC's commitment to delivering a key fuel in support of both the energy transition and global energy security.…
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Kongsberg Digital, a leading provider of industrial software, and Yara International, a global fertilizer company and the world's largest distributor of ammonia, have entered into a two-year agreement for Kongsberg Digital to develop digital twin technology for Yara's factories in Herøya in Norway and Sluiskil in the Netherlands.
The agreement includes an operational twin for Yara's production…
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TotalEnergies and Air Products have signed a 15-year agreement for the annual supply in Europe of 70,000 tonnes of green hydrogen starting in 2030. This first long-term deal follows TotalEnergies’ call for tenders for the supply of 500,000 tonnes per year of green hydrogen to decarbonise TotalEnergies' European refineries.
Under the agreement, Air Products will deliver green hydrogen to…
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Fluxys LNG has secured additional long-term regasification capacity for the period 2027-2044 at Zebrugge Terminal, Belgium. Capacity has increased from 110 slots to 134 slots per year, as of April 2027.
The additional capacity is a response to increased market demand, following Fluxys' Call for Market Interest, capturing feedback from market players interested in Zeebrugge's LNG services. In…
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The state of Texas, USA, plans to put 13 zones open for bidding for carbon capture and sequestration (CCS) projects. The available zones total 1.13 million acres of state waters and bays along the Gulf of Mexico, encompassing waters near Brownsville, Freeport, and Galveston, along with areas around Matagorda, Calhoun, and Aransas counties, as outlined in a request for proposals from the Texas…
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OMV Petrom, the largest integrated energy producer in Southeastern Europe, has strengthened its partnership with Renovatio by acquiring a 50% stake in three photovoltaic projects totalling 130 MW. Christina Verchere, CEO of OMV Petrom says: 'The projects for reducing our carbon footprint and that of our customers, are a central piece of our strategy. About a third of the €11 billion investments…
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The CO2next project has entered a new project phase, awarding its Front-End Engineering Design (FEED) contract to Sener. During the FEED phase the design, the realisation schedule and the cost of the proposed CO2next terminal will be further defined, the relevant permits can be received and customers will be contracted in preparation for the Final Investment Decision (FID) currently planned for…
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ExxonMobil Low Carbon Solutions Onshore Storage has selected Technip Energies, in consortium with Turner Industries, for the Front-End Engineering Design (FEED) and subsequently the Engineering, Procurement, and Construction (EPC) contract for a Louisiana manufacturing plant.
Technip Energies will oversee the engineering and procurement while Turner Industries will be responsible for the…
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TC Energy Corporation shareholders have voted to approve the spinoff of the Company’s Liquids Pipelines business and elected TC Energy’s Board of Directors at its 2024 annual and special meeting of shareholders.
TC Energy shareholders voted in favour of the Arrangement Resolution, pursuant to which, among other things, TC Energy shareholders will receive one new common share of TC Energy and…
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The major turnaround with scheduled maintenance of Neste’s Porvoo refinery in Finland has now been successfully completed, and refining of crude oil as well as renewable and circular raw materials into more than 100 different products to customers globally continues.
'We completed a major maintenance shutdown in a condensed time frame. Neste has moved to a shorter turnaround interval as a…
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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/