Top Ten Tank Storage Operator Stories of the month on storageterminalsmag.com

Tank Pit R achieved a significant milestone with the arrival of ten new tanks at the facility. The shipment included five tanks with a capacity of 2,500 cubic metres and five tanks with a capacity of 3,000 cubic metres, all successfully transported from Rotterdam to Antwerp via two pontoons. The tanks were subsequently positioned in the tank pit using a 650-metric-tonne crane - https://storageterminalsmag.com/tank-pit-r-achieves-significant-milestone-with-the-arrival-of-ten-new-tanks-at-the-facility/

VTTI , a leader in energy infrastructure, has successfully completed the acquisition of a 50 percent stake in Dragon LNG and Dragon Energy . The remaining 50 percent of the terminal is owned by Shell. This acquisition follows the announcement made on May 8, 2024, regarding VTTI’s intention to acquire the stake from Ancala, a prominent infrastructure manager - https://storageterminalsmag.com/vtti-completes-acquisition-of-50-of-dragon-lng/?utm_medium=email&_hsenc=p2ANqtz--CyZEJnqYDg_3su961H06XmQVCIe1XviNIJ9FIccqfjh1AzAQioz3XAO-MZsVF_cYXfVPVBLaQbNxDksFxSs3le9CACGpVpBbRygeCQT-ex7UlNhM&_hsmi=2&utm_content=2&utm_source=hs_email

Exolum has taken another step forward in its strategy to achieve zero net emissions by ensuring that 63 percent of the company’s total energy consumption in Spain, the main source of the group’s emissions, originates from self-consumption photovoltaic energy and long-term agreements for the supply of renewable energy - https://storageterminalsmag.com/exolum-will-cover-63-of-its-energy-needs-in-spain-with-renewable-energy-agreements-and-photovoltaic-self-consumption/

The Northern Territory Government and Vopak have signed a memorandum of understanding to develop a common-user infrastructure, including a CO2 import terminal, in the Middle Arm Sustainable Development Precinct in the Northern Territory, Australia. This MoU outlines the cooperation between the government and Vopak to advance the development of common-user CO2 import, storage, and handling infrastructure in Darwin - https://storageterminalsmag.com/the-northern-territory-government-and-vopak-sign-mou-to-cooperate-on-common-user-co2-infrastructure-hub-in-australia/

American Bureau of Shipping has announced its contribution to the development of the report titled “Safety of Ammonia for Use in Ships,” published by the European Maritime Safety Agency (EMSA).

This extensive study is part of a larger project that encompasses reliability analysis and risk assessments of various ammonia-fuelled vessel designs, ultimately leading to the formulation of guidance for ships utilising ammonia as fuel - https://storageterminalsmag.com/abs-contributes-to-the-development-of-the-report-safety-of-ammonia-for-use-in-ships-published-by-the-european-maritime-safety-agency-emsa/

托克 Group Pte Ltd has officially completed the acquisition of Greenergy’s European and Canadian supply businesses from Brookfield Asset Management and its affiliate, Brookfield Business Partners. Greenergy, a UK-based supplier of road fuels and a prominent European biodiesel producer, was established in 1992 to provide lower-emission diesel. Today, it stands as one of Europe’s largest biofuels suppliers, operating manufacturing plants in the UK and the Netherlands, and is a leading distributor of road fuels within the UK. The company supplies over 15 billion litres of fuel annually to supermarkets, oil companies, fuel wholesalers, and both retail and commercial customers. In Ireland, Greenergy operates under the Inver Energy and Amber Petroleum brands, while in Canada, it serves commercial and wholesale clients from rail-fed terminals located in Ontario and British Columbia - https://storageterminalsmag.com/trafigura-completes-acquisition-of-greenergy/

Advario has expressed its honour and pride in being part of the consortium led by Keppel Ltd., which has been selected by the Energy Market Authority (EMA) of Singapore and the Maritime and Port Authority of Singapore (MPA) to undertake a groundbreaking project on Jurong Island.

This significant initiative aims to develop an end-to-end ammonia solution, representing a crucial step in Singapore’s ambitious efforts to reduce carbon emissions and transition to cleaner energy sources - https://storageterminalsmag.com/advario-honoured-and-proud-to-be-part-of-the-keppel-ltd-consortium-selected-by-the-energy-market-authority-ema/

Uniper is expanding its green portfolio by initiating the production of BioLNG at the Rotterdam Gate terminal, marking a significant milestone as the first shipper to utilise this capacity for converting biomethane into BioLNG - https://storageterminalsmag.com/uniper-expands-green-portfolio-to-include-biolng-production/

Technip Energies , a leading Engineering & Technology company for the energy transition, announced its unaudited financial results for the first half of 2024.

Arnaud Pieton, CEO of Technip Energies, commented:“Technip Energies delivered a strong first half performance, which puts us well on track to achieve our full-year guidance. Our revenues grew by double digits year-over-year, driven by positive backlog evolution and strong demand for our offerings, while robust execution ensured continued margin strength. Our consistent underlying free cash flow generation and balance sheet support ongoing investments into strategic growth initiatives, our people, and our assets, preparing T.EN for the future.” - https://storageterminalsmag.com/technip-energies-reports-strong-first-half-2024-results-on-track-for-full-year-guidance/

Cheniere Energy, Inc. has announced that its subsidiary, Cheniere marketing, LLC, has entered into a long-term liquefied natural gas sale and purchase agreement with Galp Trading S.A., a subsidiary of Galp Energia, SGPS, S.A.

Under the terms of the SPA, Galp will purchase approximately 0.5 million tonnes per annum of LNG for a duration of 20 years from Cheniere marketing on a free-on-board basis. The purchase price will be indexed to the Henry Hub price, plus a fixed liquefaction fee. Deliveries are slated to commence in the early 2030s, contingent upon a positive final investment decision regarding the second train of the Sabine Pass Liquefaction Expansion Project. The agreement also includes provisions for a limited number of early cargoes to be purchased by Galp prior to the commencement of Train Eight - https://storageterminalsmag.com/cheniere-and-galp-sign-long-term-lng-sale-and-purchase-agreement/