The UK’s bulk liquid storage sector knowledge, innovation & evolutionary capabilities are fundamental to ensuring a viable and successful energy transition. Tank Storage Association’s Peter Davidson reports
THE UK has set ambitious targets to reduce emissions. Under the Climate Change Act 2008 and the fifth carbon budget, covering 2028-32, the UK government has set a target for a 57% reduction in greenhouse gas emissions (GHGs) by 2030 against a 1990 baseline.
By 2050, all GHG emissions are to be brought to net zero from 1990 levels. In practical terms, this means changes in
energy generation, industrial processes, transport, buildings and heat. The Tank Storage Association has recently
published a new report ‘Enabling the energy transition – The role of the bulk liquid storage sector’. The report explores the role and potential of the UK’s bulk liquid storage sector, and associated logistics, in the energy transition and in supporting the achievement of the UK’s decarbonisation targets.
The UK’s bulk liquid storage sector supports growth and prosperity by moving, storing and blending the modern products, feeds and chemicals that are integral to citizens’ daily lives. Similarly, and most crucially, the sector will have
a key role to play in unlocking future opportunities.
Undoubtedly, reducing emissions will require partnership, significant investment and coordinated efforts by government, supply chains, businesses, consumers and other stakeholders alike. Meeting the UK’s future ambitions will also require a broad mix of solutions. As essential partners in the energy transition, through our report, we emphasise our commitment to the innovation and evolution that will be necessary to succeed going forward. The report also identifies the barriers to be overcome and the opportunities that will unlock solutions for change.