Tank Storage Magazine v02 i01


Volume: 2
Issue: 1
Date Published: March 1, 2006




Semgroup to buy the UK's largest terminal facility • Clearance expected on acquisition of E2 • World Point sells in Europe, buys in US • Kinder Morgan invests in US terminals • Magellan's major expansion projects • Rotterdam's largest sea jetty • Oiltanking expands in Amsterdam, Singapore & Texas • BP and TransMontaigne in terminal exchange deal • Vopak and Mitsui in new joint venture • First bio-ethanol plant for Amsterdam • API's latest Petroleum Data Book • New deals for Buckeye & Atlas • Inter Pipeline Fund expands in US and Europe • Sunoco in pipeline and storage deals • China and Saudi Arabia to build storage • Russian oil exports set to keep rising • New COO for Petroplus' LNG company • Chilean LNG terminal slated for construction • ConocoPhillips to build LNG plant in UK


Emerson wins major refinery project • Sakhalin success for Tanksystems • John Zink wins North Sea deal • Tankbank goes Global with three new services • MHT launch small terminal tank system • Sealatank protects against storage disasters • Ashton takes over Middle East beat for Silverwing • Yokogawa Marex launches oil movements optimiser • New tank blast cleaning equipment


Interim Buncefield report issued • New guidance on workplace transport safety • Human error main cause of tanker fires and explosions • Safety incidents


EPA proposes deadlines extension • NYC pays US$1.3 million penalty re substandard tank systems • EU welcomes global chemical agreement • Hazmat revises rules on using international regulations • Change to Scottish Fuel Storage Regulations


A huge explosion audible nearly 200 miles away and which registered 2.4 on the Richter scale, followed by a devastating fire just north of London, destroyed a major tanker terminal with it millions of litres of aviation and vehicle fuel, causing shortages at fuel stations across south east UK and fuel rationing for aircraft at Heathrow airport. That was the immediate impact. Early indications are that a leak of fuel products led to the formation of a flammable mist which ignited with devastating results. Now the incident is jointly under investigation by the UK's Health and Safety Executive (HSE) and Environment Agency, there are questions about site safety, and operational management issues which will need answering. Answers will probably take time to emerge. And the tank storage industry must wait for the outcome from what is likely to be a lengthy investigation into exactly what happened, and more importantly, why. Early findings In mid February a 31-page progress report by the Major Incident Investigation Board (MIIB) scrutinizing Buncefield indicated early findings. Introducing that report, Taf Powell, head of the MIIB stated: "The explanation of what the investigation team believes is most likely to have led to the devastation of the area is not yet verified by scientific modelling and other evidence but I have sufficient confidence in the evidence to believe on balance that it should be made public." One of the key findings, is: "Evidence obtained so far points to the formation of a flammable mixture of petrol, or similar spirit, and air that ignited, leading to the explosions and fire. The flammable mixture appears associated with a visible mist. This evidence includes reports from eyewitness statements, CCTV records, and forensic material." To read this article in full you will need to subscribe to Tank Storage Magazine or buy the back-issue. Click here for further details


Throughout China now, many cities are trying to create chemical hubs to serve the growing industry base," says Marie Heng, whose company, Great Eastern Providence (GEP), recently began building its third bulk liquid terminal in China, in the Petrochemical Industry Zone of Qingdao in Shandong province. Shandong is predicted to be China's highest growth region this year, adds Ms Heng. With its deep water, GEP's new Qingdao terminal is poised to serve the importation needs of chemical manufacturers throughout Shandong province, as well as in the local Chemical Park. The company also hopes it will become a base for chemical trading activities between North China, Korea and Japan. Around US$100 million will be sunk into the Qingdao project by Singapore-based GEP, through its terminals subsidiary Eastern Tankstore - placing it firmly on the map as an independent terminal operator in the burgeoning Chinese market. Rapid growth It's a long way from the company's beginnings, when GEP started out as a steel drum manufacturer in 1979, supplying drums to oil and chemical majors such as ExxonMobil and Shell, chemical traders and distributors, and edible oil producers. To read this article in full you will need to subscribe to Tank Storage Magazine or buy the back-issue. Click here for further details


We are hugely excited about StocExpo Europe 2006," says Peter Patterson, the show's Managing Director. "In 2005 many companies just came to visit rather than committing themselves to taking a stand. They obviously liked what they saw since exhibition space is almost sold out for this year's show, with 80% more stands than in 2005. Most 2005 exhibitors have rebooked and in some cases have significantly increased the size of their booths." Word has most definitely spread about this unique event in Europe, and the organisers expect the show to get bigger and better. "We are particularly excited about the number of companies that have already pre-registered for the conference," says Patterson. "Organisations such as Exxon, Dow, Total, Shell, Vopak, Chevron, SVG, Odfjell, Petroplus and Den Hartogh have already registered to attend." The organisers are also delighted that John Mills, Assistant Chief Officer of Hertfordshire Fire and Service Rescue will be a special guest speaker at the conference, sharing his experience of dealing with the Buncefield blaze last year. "This promises to be a captivating paper on what was arguably Europe's largest peacetime explosion," says Patterson. "Our only hope is that the conference hall is large enough to cope with numbers." Registrations can be made online For those who can't make it to the European event, there's still the chance to attend StocExpo Middle East in Dubai this September, at the world famous Jumeirah Beach Hotel. Here also, registrations can be made online To read this article in full you will need to subscribe to Tank Storage Magazine or buy the back-issue. Click here for further details