JERA, ConocoPhillips and Uniper to source low-carbon hydrogen/ammonia supply
Energy companies Jera and Uniper have announced a non-binding heads of agreement together with hydrocarbon exploration and production company, ConocoPhillips, for the sale of ammonia to Uniper. The project would […]
Woodside and KEPCO collaborate on carbon capture and storage
Woodside has signed a non-binding memorandum of understanding (MoU) with Kansai Electric Power Co. (KEPCO), to enable studies of a potential carbon, capture and storage (CCS) value chain between Japan […]
Case study: How a successful software implementation rendered great dividends
The Rosen Group shares a successful case study of its software implementation Rosen’s case study corresponds to a worldwide leader in energy storage and hydrocarbons movement, committed to drive a revolutionary business model. This company owns and operates tanks and terminal facilities in multiple locations in the world with an estimated total product storage and handling capacity exceeding 60 million barrels. Their business model strive for shorter turnaround times and product blending at lower operating costs, compared to other terminals in the regions they operate. At the earlier times, asset management did not seem to be an exhaustive task to […]
Hydrogen key to energy transition, say industry experts at Gastech 2023
The second day of Gastech 2023 has drawn to a close, with high-level participation from policymakers and business leaders from over 100 countries, enabling significant progress on the path to net zero. Discussions from the second day focused on how the global energy industry can help tackle crucial challenges, such as identifying the best means of unlocking investment in energy projects and advancing hydrogen production. From sessions on LNG as a driver of energy security in Asia, to industry action on methane emissions reduction, participants explored both policy and technical considerations for natural gas, LNG, and hydrogen as accelerators of […]
ADNOC announce investment in huge MENA carbon capture project
ADNOC has announced a final investment decision to develop one of the largest carbon capture projects in the Middle East and North Africa (MENA) region. The pioneering Habshan carbon capture, […]
Poland’s ORLEN takes on CO2 storage project in Norway’s Arctic
PGNiG Upstream Norway, part of Poland’s ORLEN Group, will join and operate the Polaris carbon storage project in the Norwegian Barents Sea, owned by Horisont Energi. The two groups signed a letter of intent that will see the ORLEN subsidiary become the operator and acquire a stake of up to 50% in the Polaris licence. The process of bringing the new partner on board is expected to be completed by early December. The Polaris project would mark ORLEN’s first intended CO2 storage licence anywhere, which it hopes can help decarbonise industry exposed to high emission costs. The agreement is in […]
NZTC awards £9 million to technologies to accelerate net zero
Over £9 million (€10.5 million) has been awarded to data and digital technologies that will enable the energy transition, as part of Net Zero Technology Centre’s (NZTC) 2023 open innovation […]
Joint study for hydrogen and ammonia supply chain in Osaka
Mitsui & Co, Mitsui Chemicals, IHI Corporation and The Kansai Electric Power Co have announced the signing of an memorandum of understanding (MoU) regarding a joint study to establish a […]
Mitsui & Co acquires stake in Terreva Renewables
Mitsui & Co has acquired a 33.3% stake in US renewable natural gas production and sales company, Terreva Renewables. In North America, approximately 146 million tons (160 million tonnes) of […]
Venture Global and Baker Hughes to support Venture Global’s expansion plan
Venture Global LNG has announced its long-term expansion plan to increase production from 70 million tonnes per annum (MTPA) to more than 100 MTPA of nameplate LNG export capacity. To […]
Asian LNG buyers face volatile market until 2026
Asian liquefied natural gas (LNG) buyers are navigating a near-term market that is so finely balanced that any supply disruptions or demand upsides could cause significant price volatility according to […]
Autumn 2023
Archive edition: Volume 19 – Issue 04 Date published: September 2023 Autumn 2023 By Anamika Talwaria September 5, 2023 In this issue… Prioritising Safety for Customers & Employees Having won gold in Safety Excellence at the Global Tank Storage Awards, Odfjell Terminals Korea shares insights into establishing an accident-free workplace Asia’s Outlook for LNG President of Chevron Global Gas, Freeman Shaheen explains Chevron’s role in Asia’s LNG market Annual Chemical Storage Supplement Get the latest updates from inside the chemical storage sector, including news, regulatory updates and exclusive interviews with Stolthaven Terminals Singapore, Standic and more What Path Lies Ahead […]
Wood Group and Harbour Energy partner for UK North Sea operations
British oilfield services firm Wood Group has announced it has signed a new master services agreement and associated contracts valued at around $330 million (€305.5 million) for UK North Sea […]
Are you ready for our Autumn edition?
Welcome back from the summer! The Tank Storage Magazine team has been busy over the last few months putting together some very exciting content for all our members to enjoy. We’re opening up some of our exclusive scoops to give you all a taster of what you can expect when you join our community. Free Members can expect a round-up of the latest news, an exclusive interview with Vopak’s Alexander Fokker, and an update on a selection of key tank terminal expansion projects. Upgrade now for instant access to the full digital magazine, including: Exclusive interviews with Odfjell Terminals Korea and Stolthaven Terminals […]
Leak at Calumet hydrogen plant to impact throughput
A leak detected in the steam recovery system at Calumet Specialty Products Partners’ Montana renewable hydrogen plant is limiting throughput until repaired, according to Reuters. The company, which manufactures and […]
Essar Oil partners with Oikos Storage
Essar Oil can now transport and distribute middle distillate fuels at the Oikos Storage Canvey Island facility, in the UK, to serve the Thames and surrounding regions. This enhances Oikos’ […]
Hurricane Idalia sets sights on Florida’s Gulf coast
Hurricane Idalia is heading toward Florida’s Gulf coast, posing a threat to life as the storm surges, with landfall expected on Wednesday. ‘Rapid intensification is expected before landfall, and Idalia […]
Plastic Omnium to set up hydrogen production plant
Plastic Omnium has announced plans to build the largest North American hydrogen storage manufacturing plant in Grand Blanc Township, Michigan, to supply a major American automaker. The group will design, […]
RegO Products introduces new CBE504 series
RegO Products has announced the launch of its new CBE504 series half-inch pressure builder-economiser regulator, which has been designed to help achieve and maintain proper pressures in cryogenic vessels, minimising […]
Project Cargo Summit: Managing digital, political and environmental demands
Project Cargo Summit 2023 is back to its normalised format. As the project cargo and breakbulk industries returned to a more normal way of operating, the Summit itself is moving back from the digital platforms to a physical setting. With around 100 industry experts gathered in a single spot, it is prime time to discuss the major issues the industry is facing and suggest potential solutions. This year’s Project Cargo Summit is all about managing digital, political and environmental demands. The industry will converge in Bremen on September 6-7 to discuss the issues, and solutions and to network as well. […]
Mitsui & Co acquires majority stake in Nutrinova Netherlands
Mitsui & Co has agreed with Celanese, a leading American chemical company, to acquire a 70% stake in its wholly owned subsidiary Nutrinova Netherlands. The purchase price for the shares […]
Stolthaven New Zealand sends two tanks out to sea
Stolthaven Terminals sparked the interest of onlookers and local media in New Zealand when it floated two 225 tonne tanks down the coast of the North Island to its storage […]
AntwerpXL 2023: Breakbulk conference shaping up to be ‘unmissable’
The conference at AntwerpXL, the world’s only event dedicated exclusively to breakbulk, project cargo and heavy lift, and is fast becoming a must-attend for industry professionals. Returning to Belgium this November, AntwerpXL’s conference will cover the most pressing global themes with talks from the industry’s leading lights. Day one features sessions including: Project Cargo – Managing the offshore renewable boom Ports – Being a one-stop-shop for breakbulk Sustainability – Decarbonising heavy lift Current Market – How geopolitics is impacting the supply chain On the panel discussing the management of offshore renewables will be Neil Golding, Head of Market Intelligence at […]
Banpu announces carbon sequestration agreement
International versatile energy provider, Banpu, has taken another big step forward in the carbon capture, utilisation and storage (CCUS) project in the US. This follows the initiatives of the Barnett […]
Gastech 2023 to Showcase Climate-Focused Innovations on the Road to Net-Zero
Climate technologies are driving down emissions, safeguarding future energy supplies, and advancing the cause of a just energy transition in the developing world. According to estimates from Singapore’s Nanyang Technological University, they could reduce global CO₂ emissions by 40%. Climate technology is a critical component of the world’s decarbonisation efforts and, in recognition of this, Gastech 2023 has expanded to include a dedicated Climatetech exhibition and conference programme, which will bring together established energy players, policy analysts, investors, and Big Tech. As investor enthusiasm for climate technologies remains strong, and the wave of policy incentivisation continues, Gastech 2023’s Climatetech zone […]
Marathon Petroleum implements Topsoe technology at Martinez Renewables facility
Marathon Petroleum’s former refinery in Martinez, California, USA has been repurposed to produce renewable diesel through the company’s joint venture with Neste. The Martinez Renewable Fuels Facility is currently operating […]
Wärtsilä and AGL complete construction of Australia energy storage facility
Technology group Wärtsilä has completed construction at the Torren Islands Grid Scale battery energy storage system (ESS) with AGL Energy Limited, one of Australia’s leading integrated energy companies. The 250-megawatt […]
TotalEnergies acquires 40% interest in carbon storage exploration license
TotalEnergies has signed an agreement with CapeOmega Carbon Storage AS, a wholly owned subsidiary of CapeOmega AS, to acquire the 40% participating interest held by CapeOmega in the CO2 storage exploration […]
How To Detect And Prevent Costly Steam Trap Leaks And Blockages
Steam Traps, common yet essential components in the process industry, are too often prone to failure, leading to wasted energy and increased costs. To prevent these issues, steam traps must be monitored regularly to detect and address malfunctions. Traditional steam trap monitoring methods involve manual inspection and testing, which can be time-consuming, labour-intensive, and, unfortunately, prone to human error. This use case, built on TWTG’s industrial experiences with Steam Trap Monitoring, considers the challenges of traditional monitoring methods, and analyses how recent technological advancements have opened up the possibility of achieving a complete digital monitoring overview. To demonstrate these technological […]
Exolum strengthens its commitment to the environment
Exolum continues to strengthen its actions in sustainability, decarbonisation and care for the environment, based on the roadmap marked by its recently published ESG Master Plan. The plan brings Exolum’s […]
Stolthaven Terminals Dagenham achieves ISCC
Stolthaven Terminals has announced that its terminal in Dagenham, UK has achieved the ISCC – International Sustainability and Carbon Certification, an internationally recognised standard in the biofuels and energy industry that […]
UM Group unveils solar panel projects in Hungary and Belgium
Molasses marketing and trading, UM Group has announced that two companies with the group have taken steps towards becoming more sustainable. UM Argos Feed in Hungary and UM Tameco in […]
