Volume: 11
Issue: 2

Published:
March 04, 2015

Tank Storage Magazine

Tank Storage Magazine is the leading industry publication dedicated exclusively to the bulk liquid storage industry. It is read by terminal managers, senior engineers, logistics/distribution managers and CEOs within oil, gas and petrochemical facilities as well as third party terminal operators.



Headlines


From salvage to storage

Italy-based Neri Group, which has been active in the marine sector; particularly in the removal of oil from the ill-fated Costa Concordia, is also a storage operator. The company owns three terminals situated in Livorno harbour in Italy, southern Europe. The location is in the heart of ...


New terminal, old faces

FinCo is one of the newest terminals in Europe. The terminal, located in Amsterdam, the Netherlands, stores petroleum products as well as biofuels. It is owned by Coloured Finches, an energy company that was established by former CEOs from the downstream oil industry in 2012. These incl...


Spending it wisely

In February Zenith Energy, a newly-formed international liquids and bulk terminalling company, announced its acquisition of the Bantry Bay Oil Terminal in West Cork, Ireland, from Phillips 66. After speaking to the company’s CEO, Jeff Armstrong, it’s easy to see why. The terminal...


What a difference a year makes

Storage is once again a ‘musthave’ in the oil supply chain and everyone wants a piece of the pie. This time last year high oil price, low volatility and a backwardated market meant investing in storage wasn’t an easy decision. But then everything changed in the third quarter of ...


Full to the brim

Seven weeks into 2015 and the price of Brent crude topped $60 (€53) a barrel for the first time, up from a six year low in January but still more than 50% down on year-ago levels. The oil price began its precipitous slump last summer after Saudi Arabia and other Opec nations pursued a ma...


Current contango, predictions for 2015 and impact on tank storage sector

The recent slide in oil prices has turned the petroleum industry upside down. Global oil markets became oversupplied in the course of 2014 due to the steady increase of US light tight oil (LTO) output and the economic slowdown of many economic regions worldwide. This situation persis...


The need for compliant tank storage overfill protection systems

The catastrophic fire and explosion at the Buncefield storage terminal in Hertfordshire, UK, identified a requirement to mitigate the risk of fire and explosion caused by over-filling storage tanks used for extremely inflammable products, such as petrol. When designing a tank overfill solu...


A new approach to cleaning

When Vopak in Houston, Texas, found that its tank bottoms were too viscous to pump, it needed to find a solution. The bottoms consisted of approximately 7,800 barrels of various streams. These were split fairly evenly between two 30,000 barrel tanks. One option was to pay to clean both tanks ...


Tank inspection: standards, intervals and complexities

The US Environmental Protection Agency (EPA) originally announced the Spill Prevention, Control, and Countermeasure (SPCC) rule in 1973, requiring certain nontransportation related facilities to develop and implement an SPCC plan. The purpose of the SPCC regulation is to prevent the ...


Testing out every possible scenario

The need to streamline investment costs has prompted the search for new methods to plan a storage facility, especially when lots of variables are involved. Discrete event simulation can be used to combine historical data and data that represents different scenarios, which is invaluab...


How proper planning can increase €50,000 per week

The basic processes of running a terminal are straightforward, but planning them all in the best possible manner is still both difficult and time consuming. Amongst the aspects of a terminal that need to be planned are jetty & berth allocations, tanks, movements / transfers, line-ups, l...


A new approach to storage

Storing liquids in single hull tanks has been done for centuries. Storage tanks are used to store massive volumes of liquid products. These tanks are usually made of steel, with one hull, and a roof that allows a free flow of air. Such construction was deemed sufficient, without much t...


Spectacular cone replacement at Vopak Botlek

Nowadays when a tank roof needs replacing, the easiest option is often to replace the whole tank. Vopak Terminal Botlek in Rotterdam found one of its tanks, which stores benzene, needed a new cone roof, but the company didn’t want to waste material as the tank was still working effe...


Static earthing protection for road tankers

The loading and unloading of road tankers with flammable and combustible products, presents one of the most serious fire and explosion risks for site operations within the hazardous process industries. A study conducted by the API in 1967 identified static discharges as being responsi...


Initial storage tank internal inspections

API 653 provides storage tank owners and operators with maximum inspection intervals to establish initial and ongoing tank integrity. To this end, specific tank safeguards are designed and provided to prolong tank integrity with a reasonable amount of risk. Based on those safeguards, ...


Why lift a tank?

For more than 60 years tank jacking has created an added value in tank maintenance programmes. The technique improves and extends the operation of existing tanks. Tanks were first jacked, mainly for foundation re-levelling works. Tanks often based on soft soil (river deltas) were settl...


Whatever the weather

Atreus Deck & Dome, a business unit of the Austria-based industrial service provider, the Kremsmueller Group, has now had a chance to test out its unique silicone-free aluminium dome roof sealing technology. The company has just finished an installation in Quebec, Canada, which took a w...


Understanding the human factors is HSE & CSR

Despite an ever growing volume of laws, rules, regulations and guidelines relating to health, safety and the environment (HSE) and corporate social responsibility (CSR), these issues are still not a priority in many organisations. Economic gain and growth are often the main motivatin...