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Vivo Energy to Invest Over $550 mln in South Africa, Minister Says

Vivo Energy, owned by global commodities trader Vitol, will invest an initial 10 billion rand ($550.79 million) in its South African operations following its merger with Engen, South Africa’s trade minister Ebrahim Patel said on Wednesday. The investment is part of a range of public interest and competition commitments, designed to prevent job losses and [...]

May 24th, 2024|Storage News, Storage Terminal|

Noord Natie Odfjell Terminal Expands

In an exciting development, it has been announced that a final investment decision has been reached for the expansion of Noord Natie Odfjell Antwerp Terminal (NNOAT). This expansion includes the construction of ten new tanks and an additional loading bay, marking another milestone in NNOAT’s impressive growth journey. The new tanks will provide an additional [...]

January 23rd, 2024|Storage News, Tank storage, Tank Terminal|

Stolt Tankers is First to Apply Innovative Graphene Coating Technology to the Hull of a Chemical Tanker

Stolt Tankers is the first shipping company in the world to apply a cutting-edge sustainable coating to the hull of one of its chemical tankers, Stolt Lotus. The X-GIT FUEL graphene technology, developed by Graphite Innovation & Technologies (GIT) Coatings, has the potential to reduce fuel consumption and resulting greenhouse gas emissions. X-GIT FUEL is a [...]

January 4th, 2024|Storage News|

QatarEnergy-Sinopec’s Long-term LNG Contract Likely Priced Around 12.7% Slope to Oil

The LNG sales and purchase agreement signed between QatarEnergy and China Petrochemical Corp., or Sinopec, was likely priced around 12.7% slope to crude oil, with flexibility for Sinopec to receive LNG cargoes at its terminals in China, market sources said Nov. 9. Sinopec and QatarEnergy did not immediately respond to queries sent by S&P Global [...]

November 13th, 2023|Storage News|

Stanlow Terminals to Develop Open-Access Green Ammonia Import Terminal

Essar Group’s Stanlow Terminals has announced it will develop a major new open-access import terminal for green ammonia in the Port of Liverpool, UK. According to Stanlow, this new terminal, which will be an expansion of existing facilities, will provide the connecting infrastructure to enable significant volumes of green ammonia to be imported into the [...]

March 10th, 2023|Storage News, Tank Terminal|

Vopak Launches Strategic Review of Port of Rotterdam Chems Terminals

Vopak has launched a strategic review of its three chemicals terminals in the Port of Rotterdam, Netherlands with the outcome potentially including partial divestment of the sites, the firm said on Wednesday. As the Netherlands-based company continues to reshape its portfolio in favour of new energies and feedstocks, the firm has initiated a review of [...]

February 22nd, 2023|Rotterdam storage, Storage News|

Vopak Launches JV to Transport Hydrogen Using Current Infrastructure

Royal Vopak, an independent tank storage company, and a developmental hydrogen company called Hydrogenious LOHC Technologies are launching a joint venture which they believe can accelerate the adoption of hydrogen through a carrier technology that permits the use of current infrastructure. Hydrogenious’ technology combines hydrogen with an inert carrier that makes it possible to transport [...]

January 10th, 2023|Storage News|

Vopak Seeks State Approval for Australian Gas Import Terminal

Dutch oil storage company Vopak on December 20 said it has submitted an environmental plan to the Australian state of Victoria for an LNG import terminal it aims to complete in 2026 to help fill an expected gas shortfall in the country’s southeastern region. Vopak VOPA.AS, which first flagged plans for a liquefied natural gas [...]

January 2nd, 2023|Storage News|

Tank Storage Firm Vopak Hikes Guidance Amid Energy Transition

Dutch tank storage firm Vopak (VOPA.AS) upgraded on Friday its core profit and operating cash return outlook for the full year while continuing to cash in on a strong momentum in renewable energy and liquefied natural gas (LNG). The fall in Russian oil and gas supplies after Moscow’s invasion of Ukraine has left Western economies [...]

November 25th, 2022|Storage News|

Vopak to Require Origin Proof Ahead of EU Sanctions on Russian Oil – Sources

Global independent tank storage company Vopak is introducing a new contractual clause that requires customers to provide a certificate of origin for oil stored at its terminals, four industry sources told Reuters.   The move comes ahead of European Union sanctions on Russian crude oil and oil product imports that will take effect on Dec. [...]

November 25th, 2022|Storage News|
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