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Latest storage news


Terminal News
July 20, 2017
Port of Corpus Christi approves land agreement for storage terminal
The Port of Corpus Christi have given the green light for a long-term lease agreement, enabling Howard Energy to build a petroleum storage terminal.The 30-year lease agreement with Maverick Terminals Corpus, a subsidiary of Howard Energy Partners, allocated 41 acres of the inner harbour to the operator...

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The Port of Corpus Christi have given the green light for a long-term lease agreement, enabling Howard Energy to build a petroleum storage terminal.

The 30-year lease agreement with Maverick Terminals Corpus, a subsidiary of Howard Energy Partners, allocated 41 acres of the inner harbour to the operator.

Howard Energy plans to design, construct and operate a rail terminal, and a petroleum and petroleum products storage facility. It is intended that the facility is connected with its proposed Dos Aguilas pipeline to Monterrey, Mexico. As part of the lease agreement, the port authority will design and construct a new oil dock.

The dock facility will initially serve Mexico's transportation fuel demand by rail, with an estimated target of at least two to three unit trains per week. Once the Dos Aguilas pipeline is permitted, constructed, and in service, significantly more volume is anticipated. The dock is targeting crude exports to international markets and will have Suez-max capability.

With the continued growth in both Eagle Ford and Permian Basin productions and growing global energy demand, particularly in Mexico, Corpus Christi is emerging as the energy port of the Americas.

Brad Bynum, Howard Energy Partners co-founder and president, says: 'This lease marks a strategic and significant expansion of our terminal network, not only for refined products but for crude oil.'



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Terminal News
July 20, 2017
Last storage tank completed for Botlek expansion
HES Botlek Tank Terminal's storage capacity expansion is almost complete following the completion of the last tank.The last tank, which was built off-site, will be transported to the facility on July 21, thus concluding the project which comprised seven ready-to-install tanks with a volume of 10,000 m3, which were transported from the SJR Group's Rotterdam construction site to Botlek over water...

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HES Botlek Tank Terminal's storage capacity expansion is almost complete following the completion of the last tank.

The last tank, which was built off-site, will be transported to the facility on July 21, thus concluding the project which comprised seven ready-to-install tanks with a volume of 10,000 m3, which were transported from the SJR Group's Rotterdam construction site to Botlek over water.

Charles Smissaert, MD of terminal, says: 'The construction and delivery of these tanks is part of a bigger project, which is set to more than double HES Botlek Tank Terminal's storage capacity from 200,000 m3 to 477,000 m3.

'The expansion has been partly executed by the delivery of a total of seven off-site constructed storage tanks. This expansion is covered by a multi-year contract.



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Terminal News
July 19, 2017
China issues draft regulations for tank storage industry
A draft of new regulations for China's oil storage industry have been released by the government.According to Reuters, the government is seeking to update storage policies issued in 2006, bring regulations for crude oil and oil products within a single framework...

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A draft of new regulations for China's oil storage industry have been released by the government.

According to Reuters, the government is seeking to update storage policies issued in 2006, bring regulations for crude oil and oil products within a single framework.

The new regulations are seen as a way free up the sector from state-owned oil majors.

The main change suggested is to remove the requirement for distributors and storage companies to have secure and steady supplies of refined products, which currently only state-majors can meet. However the clause will remain for crude oil.

Additionally, the proposal has also amended the tank capacity obligations from the 2006 policy.

Under the new draft, companies must have a minimum storage tank capacity of 200,000 m3 to distribute and store crude oil and at least 200,000 m3 for refined products. Experts and traders said those requirements were in line with industry averages.

Another change would require storage companies and wholesalers of crude oil or refined oil products to apply for a permit from the provincial government, subject to approval from Beijing.

This follows an announcement from the government earlier in the year saying it wold allow private companies to invest in storage.



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Terminal News
July 19, 2017
Risks and opportunities of tank terminals in India
Mukesh Parikh, senior consultant at SmartHead Consulting, examines the risks of operating storage terminals in India and how the country's emerging economic landscape has the potential for exciting opportunities The improved economic landscape, coupled with government efforts to transform India into a manufacturing hub is resulting in greater demand for energy...

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Mukesh Parikh, senior consultant at SmartHead Consulting, examines the risks of operating storage terminals in India and how the country's emerging economic landscape has the potential for exciting opportunities

The improved economic landscape, coupled with government efforts to transform India into a manufacturing hub is resulting in greater demand for energy.

The present socio-economic scenario is leading to a number of threats and risks as well as a plethora of opportunities for the tank storage industry. A section of leading players of the bulk liquid industry believe that the increase in the volume of liquid imports and exports will drive conversion from containers to bulk for a number of liquid products. Conversion away from containers to bulk is a unique feature in the maritime industry in recent years.

For major ports in India with a capacity utilisation of over 80%, efficient and safe handling of increasing bulk liquids is a challenge. Major privatisation initiatives and concession agreements are focused on developing and expanding container handling capacity at the ports, terminals as well as inter-modal corridors.

However, the process of developing bulk liquid industry infrastructure does not receive similar attention as container handling infrastructure. The development of tank storage is carried out by tank storage terminal operators at major ports using a plot of land offered by the port authority, usually at a considerable distance from the jetty. These tank storage terminal operators have no control over the development of marine infrastructure, which is a function of the port authorities.

CRZ regulations and environment compliance requirements necessitate locating the storage tanks at a considerable distance from the ship side and marine jetty, leading to additional investment in longer and bigger pipelines.



Business risks


In addition to the development related threats and risks, a number of business and operations related risks are faced by Indian storage terminals. A substantial operations risk is inadequate understanding and non-compliance of HSE and a number of ISO manuals by a majority of the operating staff. This non-compliance can lead to catastrophic risks. The extent of such risks and threats increases exponentially with the increase in volume of business and higher operations activities.

Inadequate infrastructure in hinterland connectivity and the mode of transportation for petroleum products and petrochemicals leads to another operational risk as the majority of bulk liquids are transported by road.

Pipelines and rail are known to be safer modes. However, a lack of rail infrastructure and rolling stock (dedicated bulk liquid wagons), compels the cargo owners to use road transportation. Multi-modal transport connectivity, using rail and inland waterways transport, provides a good opportunity especially with increased volume of bulk liquids. Some ports and terminals have created rail handling infrastructure at their liquid storage terminals. There are still a number of opportunities in terms of ownership of rolling stock – dedicated bulk liquid wagons and providing multi-modal services.

Business risks associated with recent price deregulation of petroleum products by the government, encourage private players to explore downstream distribution. This will lead to greater demand for storage capacity at every stage of the distribution channel, which presents an opportunity for the operators to expand their capacity. Storage and distribution of bulk liquid is further streamlined in a seamless manner by GST system, what are being implemented throughout the country effective from July 2017.



New opportunities

Systematic risk mitigation measures provide a number of exciting opportunities in emerging economic scenario of India. Green field port developments, especially by the private sector, provides an integrated approach to develop terminals in line with and in parallel to the development of port infrastructure and hinterland connection. During last two decades, private ports have been developed at Pipavav, Mundra, Krishnapatnam, Dahej, Hazira and Dhamra along with parallel liquid bulk handling infrastructure.

Additional opportunities for the development of new ports and tank storage terminals continue, with the announcement of the Sagarmala project. With six new port projects and planned additional port capacity of 1400MMT during the next decade, the entire coastline and inland waterways are being developed. Pan India operators have leveraged their multi-location presence by adopting an integrated management system (IMS), replacing a number of different ISO manuals, thereby improving the level of compliance and mitigating operations risks in addition to using the IMS as an effective business promotion strategy.

Parikh will be speaking more about the threats, risks and opportunities for terminal operators in India on the second day of the Tank Storage Asia conference on September 27 & 28. For more information visit www.tankstorageasia.com.



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Terminal News
July 19, 2017
LBC Tank Terminals' project to triple the capacity of its storage terminal in Botlek, Rotterdam is on schedule.Project 'Rainbow' involves tripling the current capacity of the facility as well as significantly improve its jetty and land infrastructure...

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LBC Tank Terminals' project to triple the capacity of its storage terminal in Botlek, Rotterdam is on schedule.

Project 'Rainbow' involves tripling the current capacity of the facility as well as significantly improve its jetty and land infrastructure. Following the initial groundbreaking in February 2016, the operator commissioned the construction of 16 new stainless steel, heated and insulated chemical storage tanks with a capacity of 36,000 m3. This was done off site to reduce any potential safety and operational impacts within the existing facility.

The new tanks we shipped to the terminal in Rotterdam at the end of November 2016 and installed. Following this, the facility experienced a 50% increase in its total capacity.

Work is now underway to fill the recently constructed pipe racks with 20,000 meters of piping next to a new firefighting system. Building work is underway for a new centralised truck loading installation complete with six new weighbridges.

Additionally, the jetty structure at the fruit harbour is being built, as is the armature for the jetty.

In a statement, LBC says: 'We are well underway to achieving our ambition. This project not only contributes to our strategic business model but is aligned with our vision to create a sustainable future where there is no such thing as a dangerous product, at least not when in our care.'



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Terminal News
July 18, 2017
Enterprise & Navigator to develop ethylene storage terminal
Enterprise Products Partners and Navigator Holdings plan to develop an ethylene marine export terminal on the Houston Ship Channel.Under the terms of the letter of intent, Enterprise will manage the construction, operations and commercial activities of the terminal, which will be located at its Morgan's Point complex...

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Enterprise Products Partners and Navigator Holdings plan to develop an ethylene marine export terminal on the Houston Ship Channel.

Under the terms of the letter of intent, Enterprise will manage the construction, operations and commercial activities of the terminal, which will be located at its Morgan's Point complex.

The export terminal will be connected to Enterprise's high-capacity ethylene salt dome storage and ethylene pipeline system, which is currently under construction.

The storage facility will have 600 million pounds of capacity. Its pipeline system will be connected to multiple producers and consumers of ethylene on the US Gulf Coast.

In a statement, Enterprise says that the storage and pipeline system, along with the export terminal, will provide the petrochemical industry with logistical flexibility and an outlet to international markets. The petrochemical industry in the US is flourishing at the moment, and ethylene production capacity is expanding by 45% between 2016 and 2020.

A.J 'Jim' Teague, CEO of the general partner of Enterprise, says: 'Customers would have the ability to manage the transportation and storage of ethylene supplies from the tailgate of producing facilities to domestic and international consuming derivative plants. The proposed ethylene export terminal would provide US petrochemical companies critical market diversification rather than relying solely on polyethylene export markets.'



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Terminal News
July 17, 2017
Gasunie, Oiltanking & Vopak JV for German LNG terminal
Oiltanking, Vopak and Gasunie will establish a joint venture to own and operate a LNG terminal in Northern Germany.The three companies acquired approval under the EU Merger Regulation and the decision is a milestone within the feasibility study, which the companies are currently conducting...

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Oiltanking, Vopak and Gasunie will establish a joint venture to own and operate a LNG terminal in Northern Germany.

The three companies acquired approval under the EU Merger Regulation and the decision is a milestone within the feasibility study, which the companies are currently conducting.

The companies are jointly investigating the possibilities for constructing and operating a multi-service LNG terminal, including import and small scale services, in Northern Germany. The location under investigation is Brunsbüttel along the Elbe River, close to Hamburg.

In a statement the companies say: 'This positive decision of the European Commission is an important milestone in developing a LNG facility in Northern Germany.'

The study consists of economic, technical, nautical and regulatory assessments as well as the permits procedures.

The companies are now ready to jointly work towards the next development phase.



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Terminal News
July 17, 2017
Greenergy buys Irish fuel supplier
Greenergy has acquired independent fuel supplier Inver Energy, including a range of storage assets in Ireland and the UK.The acquisition gives Greenergy a presence in the growing Irish market for the first time. Inver's business activities include import and storage facilities and fuel supply operations in Ireland, as well as an Irish retail dealer network...

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Greenergy has acquired independent fuel supplier Inver Energy, including a range of storage assets in Ireland and the UK.

The acquisition gives Greenergy a presence in the growing Irish market for the first time. Inver's business activities include import and storage facilities and fuel supply operations in Ireland, as well as an Irish retail dealer network.

Inver supplies petrol, diesel, aviation fuel and heating oil to commercial and retail customers. It has a 50% shareholding in the AFSC import and storage facilities at Foynes in Ireland. It also owns a terminal in Cardiff in the UK, a portion of which is leased to Greenergy. East Cork Oil Company will continue as the other 50% partner in the AFSC import terminal in Foynes.

Andrew Owens, Greenergy chief executive, says: 'It's been a long-term ambition of Greenergy to participate in the Irish market. As entrepreneur-founded private businesses, Greenergy and Inver are a perfect structural and cultural fit to fulfil this ambition.'



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Terminal News
July 17, 2017
Sempra Energy's subsidiary has been given a contract to build and operate a receipt, storage and send-out liquid fuels marine terminal on the Mexican Gulf Coast.Infraestructura Energética Nova (IEnova) was awarded the 20-year contract by Veracruz Port Administration in Mexico for the new terminal, which will have a capacity of 1...

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Sempra Energy's subsidiary has been given a contract to build and operate a receipt, storage and send-out liquid fuels marine terminal on the Mexican Gulf Coast.

Infraestructura Energética Nova (IEnova) was awarded the 20-year contract by Veracruz Port Administration in Mexico for the new terminal, which will have a capacity of 1.4 million barrels of petrol, diesel and jet fuel to supply the central region of Mexico. Operations are expected to start in the second half of 2018 at the $155 million facility.

IEnova will be responsible for the development of the liquid fuels terminal project, including obtaining permits, engineering, procurement, construction and financing as well as maintenance and operations.

Joseph Householder, corporate group president of infrastructure businesses for Semptra Energy, says: 'This project represents an exciting new market entry for IEnova in Mexico. IEnova continues to position itself strategically to help develop Mexico's energy infrastructure.'



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Awards News
July 17, 2017
Impressive line-up of judges announced for the 2018 Global Tank Storage Awards
A range of high-level technical professionals from across the tank terminal industry have been announced as judges for the 2018 Global Tank Storage Awards.The cross section panel of 11 impartial judges from across the industry includes representation from oil majors Shell Trading and BP Oil, as well as respected terminal operators including Vopak, Oiltanking, VTTI, LBC Tank Terminals, Inter Terminals and Koole...

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A range of high-level technical professionals from across the tank terminal industry have been announced as judges for the 2018 Global Tank Storage Awards.

The cross section panel of 11 impartial judges from across the industry includes representation from oil majors Shell Trading and BP Oil, as well as respected terminal operators including Vopak, Oiltanking, VTTI, LBC Tank Terminals, Inter Terminals and Koole.

The list of judges for the 2018 event in Rotterdam are:

- James Foster, trading manager at BP Oil International

- Jonathan Silk, technical manager, Oiltanking Odfjell Terminal Oman

- Niels van Bladeren, chief financial officer, LBC Tank Terminals

- Laurent Hatzopoulos, manager, third party storage, Shell Trading

- Margit Blok, global HSE director, VTTI

- Keith Jackson, operations director, InterTerminals

- Oliver Stanelle, general manager central engineering, Oiltanking

- Roel Brouwer, international technical advisor, Vopak

- Corne van de Reijt, global manager, project management, Vopak

- Erik van Ommeren, technical director, Koole Tank Storage & Transport

- Guest judge Will Crawford, director, Concrete Canvas

The 2018 awards also features guest judge Will Crawford, director at Concrete Canvas, who will sit on the panel when judging the 'Most Innovative Technology Award'.

The event will take place after the first day of StocExpo Europe on March 20 at the Cruise Terminal Rotterdam.

Event organiser Margaret Dunn says: 'Our first awards ceremony and gala dinner received fantastic feedback from the industry. We wanted to ensure we took on board all the feedback received and use it to make further improvements and make next year's event even better.

'One area of feedback was that people wanted more high-level technical experience included on our judging panel, and this year's line-up certainly reflects that.'

Nominations for the awards categories, which includes a greater focus on the latest technology and innovations in the industry, are now open.

For more information on the judges, award categories and to book your place at next year's event, visit www.tankstoragemag.com/awards.



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Terminal News
July 11, 2017
Irving Oil completes marine terminal expansion
Irving Oil has completed its marine terminal expansion project to add a new fuelling berth for offshore vessels.The $20 million investment comprised a new berth on Pier 23, adjacent to the company's existing facilities on Pier 24, doubling the number of vessels that can access marine gas oil via pipeline at its marine terminal...

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Irving Oil has completed its marine terminal expansion project to add a new fuelling berth for offshore vessels.

The $20 million investment comprised a new berth on Pier 23, adjacent to the company's existing facilities on Pier 24, doubling the number of vessels that can access marine gas oil via pipeline at its marine terminal.

It allows two vessels to refuel at the same time – reducing wait times and congestion in the port, and improving harbour logistics.

Ian Whitcomb, president of Irving Oil, says: 'Demand for MGO is rising, driven largely by growth in the offshore energy industry. Our customers depend on us to carry out their business, and we're proud to invest in our facilities to meet supply requirements today, and in the decades ahead.'



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Terminal News
July 11, 2017
Stolt reports disappointing second quarter results
Stolthaven Terminals' reported its operating profit declined primarily as a result of lower utilisation at its terminal in Singapore.However, the segment's operating revenue for the second quarter rose from $59.7 million in the first quarter to $60.7 million in the second quarter...

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Stolthaven Terminals' reported its operating profit declined primarily as a result of lower utilisation at its terminal in Singapore.

However, the segment's operating revenue for the second quarter rose from $59.7 million in the first quarter to $60.7 million in the second quarter. Utilisation fell to 87.5% compared to 91.1% in the first quarter due to the expiry of certain customer contracts.

Utilisation fell at Stolthaven Singapore, while revenue at Stolthaven Houston was held down by reduced throughput and lower steam revenue as weather conditions moderated in the second quarter.

Results from the second quarter reflected good results at Stolthaven Santos and higher equity income from joint ventures, mainly due to increased leased capacity at the joint venture terminal in Lingang, as new business continues to ramp up following the effects of the explosion in the Port of Tianjin in 2015.

Construction work has started on a third deep-sea jetty at Stolthaven Houston, which is due to be completed by the first quarter of 2019.

Commenting on the overall company results, Niels G. Stolt-Nielsen, CEO of Stolt-Nielsen, says: '[The] second quarter results were disappointing overall, but in line with both our expectations and our results in the first quarter, as the fundamentals of our markets remained largely unchanged.

'Results at Stolthaven Terminals were much in line with the prior quarter, with actions to improve sustained long-term performance continuing.

'Our outlook remains cautious. For Stolthaven Terminals, we expect gradual improvements in earnings going forward.'



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Terminal News
July 11, 2017
Skytanking acquires Sun Jet Services
Skytanking has signed an agreement to buy Sun Jet Services, which includes aviation refuelling services at three German airports.The groups, which consists of four unincorporated joint ventures, offers aviation refuelling services at Frankfurt, Düsseldorf and Cologne airports...

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Skytanking has signed an agreement to buy Sun Jet Services, which includes aviation refuelling services at three German airports.

The groups, which consists of four unincorporated joint ventures, offers aviation refuelling services at Frankfurt, Düsseldorf and Cologne airports. Its current owners are Shell Deutschland, Total Deutschland and Tramp Oil Germany, who each own a third.

Following completion, Skytanking will have operations in the two major cities on the Rhine and will offer aviation fuelling services at six of Germany's eight largest airports. In addition to into-plane fuelling services in Frankfurt, Düsseldorf and Cologne, Skytanking will also take over the operation of the airport tank terminal in Düsseldorf.



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Terminal News
July 10, 2017
ADNOC reveals new business model
ADNOC plans to create a new energy infrastructure venture comprising its pipeline and storage facilities to generate more value.As part of the company's wide ranging expansion it its partnership model, which involves more active management of its portfolio of assets, the infrastructure venture could include the bundling of selected assets such as oil, gas or refined products pipelines and storage facilities...

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ADNOC plans to create a new energy infrastructure venture comprising its pipeline and storage facilities to generate more value.

As part of the company's wide ranging expansion it its partnership model, which involves more active management of its portfolio of assets, the infrastructure venture could include the bundling of selected assets such as oil, gas or refined products pipelines and storage facilities.

It also plans to further open its downstream business to create a number of new partnership and investment opportunities across its refinery and petrochemical assets.

His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC group CEO, says: 'Shifting global trends are creating a new energy landscape where new rules of engagement are required. In this new energy era, we need more creative strategies and more flexible business models to capture growth.

'Our new approach comes at a time when global economic growth and energy demand is shifting east. These changes in energy demand sit alongside a rapid increase in demand for products derived from hydrocarbons – petrochemicals, plastics and polymers.'



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Terminal News
July 10, 2017
VTTI acquires stake in Pakistan storage terminal project
VTTI has bought a 51% stake in a storage terminal project in Pakistan for refined oil products.The greenfield project comprises 233,400 m3 of capacity at a location near Karachi. The company says in a statement that its international network combined with the support of local partners Hascol and Fossil will 'ensure the future terminal is one of the key independent regional terminals required to supply the growing domestic market'...

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VTTI has bought a 51% stake in a storage terminal project in Pakistan for refined oil products.

The greenfield project comprises 233,400 m3 of capacity at a location near Karachi. The company says in a statement that its international network combined with the support of local partners Hascol and Fossil will 'ensure the future terminal is one of the key independent regional terminals required to supply the growing domestic market'.

It adds: 'It is expected that due to local economic and demographic growth, the demand for refined products will increase significantly in the future. Through this investment, we are supporting the development of the infrastructure needed to further develop energy security in the region.'



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