The Federation of European Tank Storage Associations (FETSA) says that it is committed to supporting the EU in reaching its climate neutrality targets, as the European Commission publishes its ‘Fit for 55’ legislation on 14 July 2021.
The Fit for 55 package contains a range of measures aimed at achieving a 55 percent reduction in greenhouse gas emissions by 2030, with many relevant to the bulk liquid sector.
‘As critical logistics infrastructure providers, including for the transport sector, we will play a crucial role in developing the necessary flexibility in our storage terminals and related infrastructure to manage change and accommodate the integration of new energy alternatives,’ says FETSA executive director Ravi Bhatiani.
‘To unlock future opportunities and the necessary infrastructure investment to make Fit for 55 a success, it is clear that unprecedented collaboration will be required. To that end, FETSA will continue to work in partnership with EU and other relevant authorities to ensure that liquid products, from liquid fuels to chemicals, fertilisers, foodstuffs and animal feed can continue to flow safely and efficiently to meet demand now and in the future.’
FETSA recently worked with the Union Pétrolière Européenne Indépendante (UPEI), Europe’s Independent Fuel Suppliers, on a study entitled Implications of the energy transition for the European storage, fuel supply and distribution infrastructure, which looked at the implications of the energy transition for European storage, fuel supply and distribution infrastructure. The main conclusion of the report is that for most major supply chains, existing infrastructure will be compatible with the sustainable liquid fuels that will be necessary for Europe to meet its climate targets under the European Green Deal.
Bhatiani says that the study shows ‘that current tank terminal infrastructure will be critical to the energy transition as well as the strategic autonomy and resilience of the EU. While most liquids that will be incentivised through the Fit for 55 package, such as synthetic liquids, will require little in the way of adaptation costs, others such as hydrogen, for example, when stored as ammonia, will require further investments. Ultimately, public authorities working in partnership with the private sector will be key to implementing this policy package.’
Earlier in July, the Renewable & Low-Carbon Liquid Fuels Platform, of which FETSA and UPEI are a part, issued a call for action to the European Commission to include more renewable and low-carbon liquid fuels in its Fit-for-55 Package to tackle climate change.