Storage tanks

Stolthaven Terminals and the Pecém Industrial and Port Complex have announced the signing of an MoU for the study of a new storage terminal in Pecém Port, Brazil.

According to GlobalData, China is expected to dominate the liquids storage capacity growth in Asia, contributing about 53% of the total capacity growth from 2022 – 2026.

Tecam will be showcasing its environmental technology for vent gas treatment as well as for vapour recovery for the tank storage industry in Europe.

GlobalData has forecasted that Asia is set to spearhead global liquids storage capacity additions, contributing approximately 61% of the total global capacity additions from 2022 to 2026.

The US Department of Energy has released 30 million bbl of crude oil from the US Strategic Petroleum Reserve to ensure an adequate supply of petroleum in response to Russia’s further invasion of Ukraine.

The IEA Governing Board has confirmed that IEA Member Countries have released 61.7 million bbl of oil stocks.

Wood Mackenzie analyses the risks to commodities and corporate exposure, as well as the wider economic fallout of Russia’s invasion of Ukraine.

RACQ LifeFlight Rescue crews in Brisbane, Australia, have opened the pumps on a new fuel storage and management facility that has been custom-built by fuel supplier, IOR.

ADNOC L&S and AG&P, a leading downstream LNG platform and infrastructure development company, have signed a charter agreement to utilise ADNOC L&S’ LNG carrier as an FSU.

Global Energy Storage has successfully closed the transaction to acquire part of the Stargate Terminal from Gunvor Group in Europoort, Port of Rotterdam, the Netherlands.

Crowley has started the management and operation of its new bulk fuel storage facility in North Pole, near Fairbanks, Alaska, which provides key energy services to the US military.

The EEMUA has announced that the British Pipeline Agency (BPA) has become its newest Corporate Member.

N2 Solutions has opened a fully integrated West-Gulf Coast facility in Highlands, Texas, US.

Kinder Morgan has announced the receipt of the necessary commercial commitments to move forward with the permitting and construction of a renewable diesel hub in Southern California, US.

Svanehøj has announced the establishment of a new independent business for production, sales and service of land-based LNG tank gauging systems and hydraulic LPG safety valve systems.