Volume: 10
Issue: 4

Published:
July 14, 2014

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


Oil supply expected to grow faster than demand

Analysis shows that oil markets have gradually been tightening over the last two years while the outlook indicates a possible inflection point early 2015 and an increasing downward pressure on oil prices for the coming two-to-three years. The recent geopolitical outages of oil production from ...


Speedy, specialised and flexible

With a total storage capacity of 106,630m3 consisting of 96 tanks ranging from 100m3 to 5,500m3, family-owned storage operator Verbeke provides an alternative to the massive storage facilities in the port of Antwerp. ‘Our organisation is fast and flexible in every possible way, so we can res...


Tepsa expands chemical handling capabilities and hub services

Earlier this year Spanish terminal operator Tepsa took part in the first simulation of a spillage of chemical substances into the waters of the Port of Barcelona. The Muelle de la Energía was the stage for a simulation that outlined the spillage of a solvent product, while the chemical tanker...


TanQuid focuses on chemicals for future growth

Germany’s market leading independent terminal operator TanQuid has undergone many changes over the past seven years. Starting with its acquisition of Petroplus’ German tank farms in 2006, followed closely by the acquisition of IVG terminals in 2007 and culminating in the establishment of a...


The third REACH registration deadline is closer than most people think

The European REACH Regulation1 entered into force on 1 June 2007 and since then has tremendously impacted the chemical industry, not only in Europe but worldwide. With REACH an entirely new approach for managing chemicals was introduced in Europe, targeting to assess all chemicals on the EU ma...


Chemical industries exit recession, but concerns mount over increasing competition

chemical industry is slowly exiting the global economic recession. However, despite expected marginal growth, concerns are mounting for industry leaders, who face increasing competition, feedstock cost disadvantages, a difficult business climate and aging infrastructure. German chemical indust...


Terminal life management

Inspection programmes for a storage facility should not only cover the storage tanks themselves, but also the many metres of connection piping and feed lines from loading facilities. Until recently inspection of these pipe runs was typically carried out under the API 570 Piping Inspection Code...


Different options for degassing

Antwerp-based chemical service provider AQ specialises in renting out materials for various purposes, including shipto- ship transfer. Its services include: • Off-spec treatment Using mobile units the company is able to react quickly to worldwide problems with off-spec batches aboard tankers...


Vopak grows South African terminal

The demand for liquid bulk storage in South Africa has shown steady growth over the past few years and now Vopak, together with its joint local venture partner, Reatile, is capitalising on this by expanding its terminal in Durban, South Africa. The partnership is building an additional 64,000m3 , wh...


Sub-Saharan Africa: Land of opportunity but huge challenges lie ahead

‘Sub-Saharan Africa is showing some of the biggest growth in oil consumption in the world,’ says Stanislas Drochon, director, Africa Oil & Gas at IHS Global. ‘Consumption of the main products, such as gasoil, petrol, fuel oil, jet fuel, LPG and kerosene, was roughly 1 million bpd in 2000...


Morocco moves to expand its oil storage

Morocco is heavily dependent on external sources for the vast majority of its energy needs, importing up to 95% of its energy supplies. The country produces marginal volumes of crude oil - some 500 bpd, according to data from the US Energy Information Administration (EIA) - while domestic prod...


When two become one

In April this year Koole Transport completed the acquisition of Westway Group’s four remaining bulk liquid terminals in Europe, located in the UK, Poland, Amsterdam and the Netherlands. Both companies are now owned by EQT Infrastructure fund. Explaining the reasons behind this decision, van ...


Gulf Petrochem expands its storage horizons

UAE headquartered Gulf Petrochem Group opened the first phase of its new oil terminal in Fujairah in February 2013 and will start up a new terminal in Pipavav in southern Gujarat, India later this year, marking the next period of growth for the organisation. The group is also evaluating opport...


LNG: Fuel of the future

If the 20th century was powered by oil, then the 21st is the century of gas. Not only is a lot of gas being found, be it giant fields in the deepwaters off East Africa or America’s shale gas boom, but the regulatory mood is all in favour of this clean-burning fuel. Its environmental credenti...


TURKEY: a risky investment or still a strategic decision?

The strategic importance of Turkey as an energy-bridge between east and west continues to be underscored by recent events hundreds of miles away. Look to the north, and the crisis in Ukraine has not only heightened Europe’s awareness of Turkey’s strategic role as a transit route for Caspia...


Sealed bearing prevents valves from malfunctioning

Bearing failures are the highest root cause of failure in triple offset butterfly valves (TOVs). This issue can be directly attributed to the need to have metal bearings with very tight tolerances when accepting the shaft diameter. Properly designed TOV’s are metal to metal torque seated val...


Whatever the weather

A major liquids pipeline trunk line company operating in the northern border States of the US and Canada reported a severe operational problem with its double block and bleed plug valves. Due to very low operating temperatures in the winter months (Montana in the winter is extremely cold) ice ...


Alleviating the challenges of Type B inspections

Internal floating roofs (IFR) require routine inspections as mandated by the Code of Federal Regulations 40 CFR 65.43. Tank owner/ operators are to perform visual inspections for IFR Type A failures annually. These inspections are conducted from the manways and do not require tank entry. IFR T...


Extending inspection intervals

Inspections of aboveground storage tanks (ASTs) have traditionally been performed in accordance with time and condition (TNC)-based inspection intervals. This approach is acceptable, but it can mean unnecessary expense when inspecting low risk ASTs in benign service with no indications of dama...


Automating terminal operations

Vopak, like any terminal, stores, manages and handles multiple products owned by multiple customers. Physical terminal processes encompass (un)loading of trucks, barges, ships and trains, terminal internal transports and stock keeping. These physical processes must be conducted in compliance w...


Solutions to contain VOC emissions and comply with evolving EPA regulations

Terminal operators, oil and gas transportation and transfer companies are all seeking the most efficient and costeffective method to control the emission of volatile organic compounds (VOCs) that are sometimes released into the atmosphere from a tank as a result of loading and unloading operat...