Despite static demand for refined products, demand for biofuels has increased and is driving business forward for InterTank
InterTank continues to flourish within the competitive Scandinavian market and remains a central hub for oil traders as well as transhipment business.
Despite the large amount of independent storage capacity in Sweden with a population of only 10 million – Scandinavia itself is not a growth market, with consumption of refined oil products and chemicals at static levels.
However, due to InterTank’s strategic location and proximity to the main export outlets in the Baltic Sea, the trading and transhipment business is a significant growth driver and is directly linked to prevailing market and trading conditions. The recent contango market has therefore resulted in greater demand for tankage – particularly for distillate products and HVO (hydrogenated vegetable oil).
But, in an interview with Tank Storage Magazine, MD Fredrik Lilja believes that demand for b...