The bulk liquid storage sector will have a key role to play in supporting and facilitating access to a broad mix of energy solutions as part of the energy transition.
A new report from the UK Tank Storage Association highlights the crucial role the sector will play not only in the energy transition but also in supporting the achievement of the UK's decarbonisation targets.
The bulk liquid storage sector already has some insight into what a changing landscape might mean for its infrastructure and is already active in many of the areas of growth that will drive success going forward. The report – Enabling the energy transition: the role of the bulk liquid storage sector – considers the investment needs, focus areas and collaborative strategies that will unlock future opportunities and create the necessary flexibility to manage change.
In the report executive director Peter Davidson says that there are two key aspects to ensure solutions for change are successful – significant investment in enabling infrastructure and collaboration & partnership.
He says: 'The UK's bulk liquid storage sector supports growth and prosperity by importing, exporting, storing and blending liquid products that are integral to our daily lives.
'As essential energy partners, we are determined to up the ante and ensure that our sector can support and facilitate access to the broad mix of energy solutions that will be necessary to meet the UK's emissions reduction targets. We stand ready to work together with the UK government and all partners towards achieving our ambitious vision for the future of the bulk liquid storage sector.'
Read the report in full here.
A storage innovation pioneerOil price showing remarkable resilience A long road ahead A tipping point: what does climate action look like? The European green deal: changing the storage industry The storage outlook Simulation software: prevention with precision Managing the five stages of project grief Why it pays to line the inside of a storage tank Managing the entire construction lifecycle