Volume: 5
Issue: 4

Published:
September 18, 2009

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


Storage on the up

Recessions are certainly not always good news for the terminal industry. The late 1970s saw a levelling-off in demand for oil and a sharp rise in the price, which led to a fall in tank utilisation. Terminal operators were forced to lower rates to unprofitable levels to fill tanks, and then got stuck...


Tank terminal update - Canada

Canada’s oil industry hit the headlines on 1 August with the completion of a merger between Suncor Energy and Petro-Canada. The merger, named Suncor Energy, is now Canada’s largest energy company and the fi fth largest North America-based energy company by market value. Under the terms of the ...


COMAH regulations: why waiting five years could risk safety

Every company that owns and operates a top tier COMAH installation will be aware that, under Regulation 8 of COMAH, they are required to review their safety reports at least every five years. The key word being review – a full re-submission of the safety report is neither obligatory or, in many ca...


A new experience

For storage terminals the onset of a recession normally means a very busy beginning, followed by lots of empty tanks as the situation worsens. But it is different this time, as John Hoblyn, a director at Canadian terminal Valleytank, explains: ‘Our terminal has been exceptionally busy all this yea...


A need for change

Canada has, unsurprisingly, not escaped the economic downturn and there have been plenty of headlines lamenting refinery and production plant closures. These are depressing for local labour markets, but not necessarily for the storage sector. Closed refineries coupled with sustained product demand...


Tank Storage goes north

North of its gasguzzling neighbour, storage levels in Canada remain strong. In August Canada’s transportation, processing and storage player Inter Pipeline Fund announced it experienced high usage rates in its storage tanks, averaging 95.9%, up from the 94.3% usage rate achieved in Q2 2008. Funds ...


How compulsory stocks affect storage operators

In 1974 the industrialised world signed up to the International Energy Programme (IEP) which set up the International Energy Agency (IEA). IEA member country governments are committed to taking joint measures to meet oil supply emergencies and have agreed to share energy information, co-ordinate t...


Growth in tough economic times: survivial guide for the chemical industry

Without question, 2008 was difficult for everyone – chemical companies in particular. And unless top management go into full-out survival mode it is possible that many companies in operation today will simply disappear. No one in the industry forecast that oil prices would reach nearly $150 (€10...


Terminal growth what does it involve

Expanding economies such as those in China and India have been the main focus for construction of new terminals over the last few years. However there are areas of the world such as east Africa that have had low usage of petroleum products in comparison to their population. These economies are not...


Weighing the risks of leak detection against the rewards

Preventing volatile organic compound (VOC) fugitive emission leaks from equipment and piping has been a hot enforcement topic for the Environmental Protection Agency (EPA) for over a decade. Fugitive emissions historically accounted for over half of VOC emissions reported by petroleum refineries, ...


Being prepared is only half the battle

Anyone who has ever been faced with the nightmare scenario of a major storage farm fire will know that the response in the first few minutes is critical to the final outcome. The reality is that, no matter how sophisticated the fire fighting equipment, nothing will make up for a lack of emergency ...


Reducing load rack incidents

Refined products terminals have a very high exposure to spills on their truck load racks. It does not matter if it is top or bottom loading, new or old: this is where there is the greatest amount of activity and consequently, the greatest exposure to incidents. The industry has a large and continu...


Meeting the challenge head on

Fixed foam systems are undeniably the best method of protection for storage tanks because they do not require marshalling of emergency equipment and manpower. Much has been written on the various techniques since Sweden-based Skum developed the first reliable storage tank fire protection solution ...


Fighting fire with foam

On 29 July 2005 the US Congress signed the Energy Policy Act of 2005 into law. This was the fi rst major piece of legislation passed in the US that actively responded to climate change. One facet of this created the Renewable Fuels Standard (RFS), which regulated the minimum volume of renewable fu...


Valve sealing with verification

Valves have an intrinsic paradox. The worst thing to do with a valve is to turn it and the next worst thing to do is to never turn it. In both cases damage to the integrity of the valve is very common – by cycling the valve it causes wear to the moving parts, particularly the seats, but these can ...


Pad-ready foundation support

Many factors need to be considered when determining where and how to construct an aboveground storage tank (AST). When Marathon Petroleum in Powder Springs (Georgia, US), decided to build a new large-diameter petroleum AST it took the prudent step of investigating whether the existing subsurface c...