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Odfjell Builds New Tank Bay at Odfjell Terminal Houston

Odfjell is constructing a new tank bay at Odfjell Terminal Houston (OTH), continuing to expand and invest in its terminals platform to support ongoing regional growth in the chemical industry. The company is investing in and expanding its terminals platform with the addition of a new, modern, automated tank bay. Bay 13 at Odfjell Terminals [...]

January 14th, 2022|Fuel Storage, Tank storage, Tank Terminal, US Terminals|

Oil Storage Group Vopak Cuts Growth Investments Guidance after Q3 Beat

Dutch oil and chemical storage company Vopak reported on Friday a profit beat for the three months to September but lowered its full-year guidance for growth investments. The group, which runs tank terminals worldwide, said its growth investments should reach about 275 million euros ($314.57 million) in 2021, down from the range of 300 million [...]

November 28th, 2021|Fuel Storage, Rotterdam storage, Storage News, Tank storage, Tank Terminal|

Several Rotterdam Terminals to Be Ready for Hydrogen Imports by 2025

In the Port of Rotterdam, the first companies are busily preparing for the storage, processing and transit of hydrogen: a promising energy carrier that will allow companies to make the transition to climate neutrality. Tank terminals at Europoort This is one of the findings of a study conducted by the Port Authority into the development [...]

November 28th, 2021|Fuel Storage, Rotterdam storage, Storage News, Tank storage, Tank Terminal|

New Terminals to Boost Storage Capacity

LNG import terminals, to be built in 12-15 months, will help cope with gas crisis Pakistan is all set to install two more liquefied natural gas (LNG) import terminals over the next 12-15 months to deal with the ballooning gas crisis after the government approved connection of the terminals with transmission and distribution network from [...]

October 14th, 2021|Fuel Storage, Storage News, Tank Terminal|

Top Ten: Oil Refineries in Africa by Capacity

As hydrocarbon exploration ramps up in many resource-rich basins across Africa, countries are turning to downstream developments in order to increase domestic production capacity, reduce refined product imports, and maximize the benefits of Africa’s significant oil and gas resources. Through the development of large-scale oil refineries across the continent, Africa continues to position itself as [...]

October 5th, 2021|Tank Terminal|

Stolthaven Terminals & Revivegen Announce Plans to Build New Terminal in Taiwan

Stolthaven Terminals and Revivegen Environmental Technology Co. LTD have signed a letter of intent to jointly develop a new greenfield terminal in Kaohsiung Port, Taiwan. Following Revivegen’s successful award of a land lease at the port, the two companies are currently working on a comprehensive feasibility study. Stolthaven Terminal’s interest in the new JV is [...]

September 21st, 2021|Storage News, Tank storage, Tank Terminal|

Gateway Terminals Bought by Harvestone Group

Harvestone Group, a global commodity merchant focussed on biofuels, has bought Gateway Terminals in Sauget, Illinois, US.   Gateway Terminals, on the banks of the Mississippi River, was built in 2008 and has a capacity of 400,000 bbl. It is a multimodal terminal with truck, rail, and barge loading and unloading capabilities. Kevin Stewart, chief [...]

September 3rd, 2021|Storage News, Tank storage, Tank Terminal|

Oil storage group Vopak’s profits hit by one-off charge, shares slump

Dutch oil storage company Vopak (VOPA.AS) on Wednesday reported second-quarter net profit that missed market expectations, after taking an impairment related to its terminal in Panama, sending its shares down nearly 8%. The group, which operates storage terminals around the world, reported net profit of 76.1 million euros ($89.86 million) in the three months to [...]

August 4th, 2021|Fuel Storage, Rotterdam storage, Storage News, Tank storage, Tank Terminal|

New Tank Farm for Ust-Luga

A new tank far is to be built on the territory of the condensed gas terminal in the port of Ust-Luga in the Russian Baltic. The Main Department of State Expertize has approved the project documentation and engineering studies for the first stage of the project. The project envisages building four steel tanks with a [...]

July 21st, 2021|Fuel Storage, Tank Terminal|

Jask Oil Terminal Iran’s Gateway to Export Oil from Oman Sea

Iran can export oil from the Oman Sea for the first time via the Jask oil terminal, Abbas Asadrooz, the CEO of the Iran Oil Terminals Company, said on Wednesday.   “The Jask oil terminal is one of the largest and most important projects in the southeast of the country and having it operational will [...]

May 27th, 2021|Tank Terminal|
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