Download Storage - Spring magazine for free from ebookbiz. To download click on the following link. Title: soundofheaven.info, Author: Tank Storage Magazine, Name: soundofheaven.info, Prostar buys stake in China's third largest storage terminal Prostar Capital has. TERMINAL NEWS l INCIDENT REPORT. Incident report A summary of the recent explosions, fires and leaks in the tank storage industry 14/6/ 19/7/
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PDF Version Editor's Comment: As this issue of Storage magazine goes to print , there are reports on the BBC and elsewhere that IBM has decreed that their. The best enterprise storage products of ; A secondary storage management answer to mass fragmentation; Hot data storage technology trends for Many - if not most - major enterprises are experiencing enormous increases in the demand for storage and computing power. Few, if any, will have the budget to .
The company said that it worked quickly to fix the rupture and undertake cleanup efforts to prevent the spilled oil from being absorbed into the ground. Nothing is certain at the moment and as we go to print, Article 50 of the Lisbon Treaty has yet to be triggered. A state inspector monitored remediation efforts at the site. This rate has slowed, with existing facilities full and new underground caverns encountering technical and construction delays. It is hoped the entry of a consortium led by cash-rich Emirates National Oil Company will revive work on the project.
Top 4 cloud storage use cases to connect private and public clouds Multi-cloud strategy leads, but hybrid cloud is heating up Your move to the cloud should be a walk, not a run Download. Previous Issues Search Disaster Recovery Words to go: Disaster recovery planning checklist Working on a disaster recovery plan? New factors driving disaster recovery adoption Threats from cyberattacks and climate change have replaced natural disasters as the main drivers behind companies adopting How to plan for the worst possible disaster recovery scenarios Your worst-case DR scenario today might be vastly different than it was just a few years ago.
The facility has nearly three million m3 of crude oil and refined product storage and is located in one of the largest oil refining and petrochemical regions of China. He adds: In addition, there is expansion potential on spare land next to the terminal.
Yu Min, chairman of Tyloo, says: Nippon Vopak operates the five terminals with a combined operations capacity of , m3. The fund has been used on projects including a petroleum storage terminal in Singapore as well as a combined heat and power station in South Korea. Benalec given green light for extra land for petroleum storage hub Benalec Holdings has been granted permission to reclaim more than 2, acres of land, allowing for the construction of all three phases of the Tanjung Piai Integrated Petroleum and Petrochemical hub.
The hub and maritime industrial park also comprises oil storage terminals and related marine facilities, which will be capable of accommodating vessels up to , DWT. According to a survey by Reuters, China is expected to add million barrels to its strategic crude oil purchases in By mid China had stockpiled about The goal is to stockpile reserves worth 90 days of net imports. The reserves include crude oil and oil products including petroleum, diesel and jet fuel.
India is seeking to grow its strategic petroleum reserve on the back of the low oil price, which has accelerated the construction and filling of the reserves. The first phase of its SPR includes three facilities in southern India with a combined capacity of The Visakhapatnam facility began filling last summer while the Mangalore and Padur facilities are due to be completed in last All three will provide an estimate of 13 days of net oil import coverage.
It is looking to finance the second phase of its SPR partially through commercial agreements with foreign oil producers who can lease the storage. It still relies on Middle Eastern countries for more of its crude oil imports. Reuters reports that a state-run newspaper has said that the storage project will take place in three construction phases with a total capacity of million barrels, equivalent to 60 days of China current imports.
The China Securities Journal reports that the government plans to build Oando Group chief executive Wale Tinubu says: We are extremely confident in the success and potential returns this alliance will deliver. The crude oil-to-chemicals process will involve innovative configurations with proven conversion technologies to create a fully integrated petrochemical complex to maximise chemical yield, recycles by-products and diversifies the petrochemical feedstock mix in Saudi Arabia.
If the joint study reaches a positive conclusion, the agreement document contains key principles of cooperation that will form the basis for the companies to establish a joint venture. A feasibility study on the development of a crude oil-to-chemicals complex in Saudi Arabia has been agreed between Saudi Aramco and Saudi Arabian Basic Industries Corporation.
A failed transfer pump at a tank battery resulted in the leak of 32, gallons of oil from a storage facility owned by Hess Corporation. According to the North Dakota Department of Mineral Resources, the tanks overflowed after the pump failed. A state inspector monitored remediation efforts at the site.
The incident occurred as methanol was being unloaded from a ship to the storage tank. The tank was foamed and its surrounding tanks cooled in accordance with security procedures. It took less than an hour for the incident to be brought under control. An investigation was launched. More than 30 oil storage tanks ignited following a large explosion at a fracking site in New Mexico. The site contained six new oil wells and 30 temporary oil storage tanks.
All 36 tanks ignited and burned for several days.
The company said blaze was allowed to burn itself out due to the intensity of the heat, the number of oil tanks involved and to contain petroleum fluids on the site. Seven workers were injured following a fire at a construction project at Sunoco Logistics crude oil terminal.
Jeffrey Shields, company spokesman, said four of the seven employees of a contractor were critically injured in the flash fire involving a crude oil pipeline connection. The four were taken to burn centres in Houston, Galveston and Beaumont while the other three were treated for minor injuries and released. A rupture in the Nor Peruano pipeline spilled oil into the Amazon river. The company said that it worked quickly to fix the rupture and undertake cleanup efforts to prevent the spilled oil from being absorbed into the ground.
The company did not say how much oil had spilled into the river, however previous spills have exacerbated tensions between local residents and Petroperu.
Clean, safe, and profitable Oreco non-man entry tank cleaning and oil recovery systems provide high-technology solutions for your tanks - with safe working conditions, minimised emissions and visible cost benefit to your enterprise. Discover how at www. Clean petroleum products, chemicals , m3 The new terminal will have an initial capacity of , m3 with the potential to add another , m3. The joint venture between Oiltanking and Gunvor Group will serve the growing demand for petroleum products.
The new storage facility will have a potential capacity of , kilolitres and a fuel marketing and distribution business will be created. The new terminal can accommodate petroleum imports and work started on the facility in It is hoped that the new facility will help reduce maritime risks and will boost activity at the port.
The company has been granted permission to reclaim more than 2, acres of land for the construction of all three phases of the Tanjung Piai Integrated Petroleum and Petrochemical hub.
Firstly, we are seeing additional demand drivers as follows: Increasing production and use of biofuels New lower sulphur grades of petroleum products Closure of Australian oil refineries and their increasing reliance on imports Concerns around security of supply, especially from Middle East supply.
These security of supply concerns have manifest themselves as: China has been building its SPR since and is targeting a 90 days reserve by , which equates to somewhere between and million barrels.
Its reserve building has slowed down recently as it is now mainly underground cavern storage. In , China reportedly put new , m3 tanks into operation in seven months. China has recently announced it will allow private companies to build and operate its SPR, presumably so the country can still meet its target.
India started its SPR in , with a first phase of just over 39 million barrels. This is targeted for completion by the end of and it will provide India with an estimated days of net oil imports. The second phase of over 90 million barrels is already planned to be completed by with more expected to follow. Since then we have seen additional interest for investment by such diverse groups as: It is also a much more reliable source of income than the freight market. Traders use storage to improve the performance of their logistics chains and to give them an edge on their competitors for physical trading.
Engineering companies usually only take minority interest in new build tank storage, either to help kick start a project, or to assist them getting the engineering, procurement and construction contracts.
It also shows project commitment to the majority stakeholders. At the same time, large integrated multinational oil companies have recently been selling their storage assets and returning to their core business, which brings new opportunities to the market.
Tank storage companies have seen their assets double in value in the last years from an average of six times EBITDA to over 12 times. It seems to be the increased interest from the financial institutions that has driven the rise, due to their differing and generally shorter term view on their investments. The construction of new storage terminals and expansions continues in Asia, albeit at a slightly slower pace.
With analysts saying that the Singapore straits area is expected to remain the trading hub for the Far East, at least two new terminal storage projects are currently being proposed for the area: Recently, at least 1.
However, in addition to uncertain economies and fluctuating demand and supply, Asian traders also have to deal with unpredictable China. Previously they were mainly operating on imported fuel oil These independents account for around one third of the national refining capacity. The effect has been exacerbated as many of the independents have been upgraded and expanded and are enjoying local government support.
This has also affected the diesel oil market as the independents predominantly produce petroleum and diesel oil and the demand for diesel in China is significantly less than petroleum. The low sulphur fuel oil LSFO that complies with the low sulphur. If IMO decides to implement the cap by , the bunker fuel market will change to a cleaner product and regional imbalances or changing bunker patterns are possible. While diesel demand and fuel oil is unlikely to decrease significantly in the Singapore straits given its distribution and bunkering role, the petroleum and jet fuel market in Southeast Asia are likely to be the main drivers for additional storage demand in the future.
In the same year, world oil consumption increased by 1.
The oil world is becoming more disconnected and with OPEC no longer having the ability to direct the pricing it is also less controlled. These factors are bringing fundamental changes to the world oil markets. There is likely to be changes in product use for energy production in the future. However, clean petroleum products will remain the practical fuel of choice for transportation for the foreseeable future anyway.
We can therefore expect petroleum to continue to flow, but it is likely to be in differing product volumes and in some cases from different directions. However everything points to storage demand remaining firm in Asia. Advances in hydraulic fracturing technology have enabled the US to add more than 4. This, coupled with global production, has created an abundance of supply and resulted in an increased need for storage.
In response, companies are looking to increase their storage efficiency, and one way to do this is to raise the maximum oil levels in tanks. To appropriately manage the risks with these operations, API standards and best industry practices have been developed to assist tank owners and operators. For example, some operators suspend lightweight aluminum floating roofs with cables to maximise useable bottom inventory. However, in this latter method, air regulations often dictate that some quantity of oil must remain in the bottom when floating roof tanks are used.
These standards are recognised throughout the world for their high quality and success in designing, building, constructing, repairing, operating, and inspecting petroleum storage facilities in operations ranging from upstream to downstream facilities. Additionally, the process itself, by which these standards are created, have an added layer of rigor and credibility as it is accredited by the American National Standards Institute ANSI.
This ensures that the RPS are developed with openness, balance, due process, and consensus. Applying API RP to oil tanks ensures the owners that unexpected quality, materials, construction and design problems do not creep into their operations.
There are many design, manufacturing, and quality assurance considerations that are packed into the more than pages of the API RP standard; tank owners know that the best insurance policy is to use this standard to evaluate their tanks.
Another widely used API storage tank standard is API RP which gives owners and operators the ability to maintain the integrity of their storage tanks according to current industry best practices. API RP provides a laundry list of standards related to tank facility design, construction, inspection and operations that guide tank owners on best practices for storage facilities. Note that API RP is currently being revised and will be issued as the 3rd edition most likely within a year.
One important standard that is critical in assisting operators in preventing overfills is API RP The industry is actively getting up to speed with the latest 4th edition of this standard which incorporates risk, safety systems, and a host of other ideas to help tank owners reduce problems.
The document, in its entirety, is designed to be a comprehensive roadmap of actions, that when properly followed, can significantly reduce the chances of an overfill. The use of contractors can additionally present challenges as companies often depend on these hired services to supply skilled and knowledgeable help.
Market demand can further exacerbate both of these issues by creating more growth and capacity that subsequently draws down on the supply of a knowledgeable workforce for. Industry standards, such as these, provide a viable solution to these issues by capturing the knowledge in the documentation and enabling a consistent training of the workforce through ebbs and flows of its business-related cycles.
One of the most important things that an oil company can do is to ensure that their management systems remain in top shape. Management systems include top management messages and directives to the workforce about the importance of safety, incident prevention, and following the right practices.
They include basic elements, such as written procedures, a system of lessons learned, maintenance and inspection, and other systematic components that keep a company running smoothly. The use of current best practices, as framed by industry standards such as the API RPs, provides a documented procedure that, when followed, ensure the implementation of a robust management system. Company procedures should incorporate good standards such as API RPs , , , and to ensure that current minimum best practices are part of the daily company practices and become part of its culture.
Although API standards are voluntary, they contain vital information for safe, reliable, and efficient operations and have weight and influence as they have evolved for just about a century and have been vetted by time.
Existing standards stay evergreen — as they are reviewed regularly — and new standards are constantly being identified and developed. Regardless, the best information is being provided as this work is being done by the experts and best minds from the industry, public sector, academia, and others. Europe is our home,. Sitting just outside Singapore, where land scarcity is significantly. The facility, a joint venture between Oiltanking and Gunvor Group, recently recieved 60, metric tonnes of petroleum and petroleum components.
An attractive proposition is the fact that the facility in Indonesia has a glut of ready-to-build land to allow for further expansion. The region is still grappling with market imbalances including refinery closures in Japan and Australia coupled with increasing demand.
As the supply and demand interplay starts to balance out in the region following a period of healthy demand, the storage environment has become far more competitive, underlying the importance of continual investment to maintain a slice of this lucrative trading environment. He says: With supply now coming more in line with demand, dynamics are changing as well. We see contract tenures shortening and customers are being more critical before entering into new agreements and are more demanding when it comes to the performance capability of the terminals.
We have seen that other terminals are finding it increasingly difficult to compete for high profile customers whose business determines the market these days. Since demand dynamics have changed considerably following much more transparency in the trading environment. The terminal can serve various markets and product segments ranging from clean petroleum products and fuel oil.
This diversity also allows it to adapt to the ever changing demand flows. Boer explains: Of course it also differs by product. This could potentially impact the demand for fuel oil storage in Singapore, currently the largest bunkering market in the world.
We have a lot of experience dealing in Indonesia and Karimun is only 25 nautical miles from Singapore, so when the opportunity crossed our path, we seized it. Boer explains that Oiltanking has a diversified portfolio of customers in the Singapore Straits and all of them are in the industry for long-term plays and thus are not always influenced so much by the fluctuating market structures.
Singapore is also a premium location for many good reasons and for pure short-term contango play, customers will start searching for less favourable and cheaper locations first. The terminal is positioned within a free trade zone and has four deep-water berths, including VLCC capability It can store and handle the full range of clean petroleum products as well as fuel oil It successfully received 60, metric tonnes of petroleum and petroleum components in June, marketing the commissioning of the facility It has a total storage capacity of , m3.
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On Jurong Island, Stolthaven Singapore has positioned itself to capitalise on the fact that major chemical producers are now seeking to optimise their supply chain networks and move their storage logistics to independent operators in order to maximise their manufacturing capabilities.
The operator recently completed its phase 2D project, which involved the construction of 50, m3 of capacity comprising a mix of carbon and stainless steel tanks. Engineering, procurement and construction was staggered to accommodate the tight project schedule of. In addition, two truck loading bays were added. This expansion came on the back of new investments in manufacturing on Jurong Island and in Singapore overall, which has driven increased demand for storage a secure and sustainable medium for feedstock logistics.
The facility boasts 81 tanks, of which 75 are chemical tanks with a total capacity of , m3 It has six truck loading bays with two provisional bays for future operational use, and three jetties with dedicated jetty pipelines from jetty to each storage tank Its Phase 2D expansion saw the addition of 50, m3 of capacity at the 15 hectare site with a mix of carbon and stainless steel tanks Low says: For petrochemical and chemical cargoes, the storage element is an important one and integral to the supply chain.
The terminal is also served by Stolt Tank Containers, providing intermodal options to customers. These synergies not only ensure continuity of quality, safety and reliability across the supply chain, but enable significant potential cost savings for Stolt customers.
Southern Johor and Batam and Tanjung Uban in Indonesia will see their projects come on stream in the next three to five years. On Jurong Island, the land scarcity issue has manifested itself in greater demand for independent chemical storage as manufacturers prefer to allocate the land they have to manufacturing.
Low says: In addition, outsourcing the storage helps relieve congestion at their premises and gives them flexibility of another location from which to distribute their cargoes. Storage and logistics on Jurong Island operates in a grid system to store and deliver via pipeline, or through ISO containers and marine facilities. Looking to the future, Stolthaven Singapore still has the capability to expand to meet the needs of their existing client base as well as new ones through its intermodal supply solution.
Although there is an oversupply of products, the underlying demand is still growing, which means a continued requirement for logistical assets. It is now a much more level playing field and as a result we see much more Platts deliveries from our location. As we are only ten nautical miles from Singapore we should be seen in the context of the Singapore trading hub. We see a lot of traffic to and from our facility to the pelepas anchorage as well as to refineries and terminals located on Jurong Island.
It can handle petrol, jet fuel, gasoil, fuel oil and biofuels. The operator has focused on expanding their fuel oil storage capabilities as it remains the biggest market in Singapore thanks to the region being.
Executives are now examining where they can further optimise their market offering and add further value to their business. However, Boot says that they will approach any future plans with caution.
People are not being driven to build and lease tanks elsewhere outside of the Straits hub. The higher the underlying demand, the more need for logistical facilities to handle all the arbitrage flows. Asia is also known to be the biggest outlet for excess fuel in the market. Since the expansion the facility now handles approximately vessels per month, which is partly attributable to new customers as a result of the project.
The facility also benefits from favourable port tariffs as well as available land for potential growth. The phase two expansion has brought total capacity at the site to 1. However, these come with significant exploration and commodity price risks — risks that financial investors are not willing to take. Energy transportation infrastructure is one of the most attractive areas for investors, who are looking to capitalise on the resilience of this sector without taking any risk on the underlying energy commodities, namely coal, oil and gas.
Liquid storage terminals play on the movement of the largest energy commodity — oil — as well as other bulk liquid cargoes including chemicals and bio fuels. In the more recent past, driven by the need to clean up balance sheets, release capital in a declining oil price environment and downward pressure on refining margins, the oil strategics have been coming to market with assets to sell. BP coming to markets to sell its interest in the Amsterdam oil terminal is a case in point.
Three others — Oiltanking, NuStar and Magellan Midstream are the only ones with any near level of global scale. The need to consolidate as an industry and the need to respond to change in global trade patterns will continue to throw transaction opportunities.
LBC Terminals is currently in the market to sell part of their European assets and Vopak, who have been an active seller of terminals in the market, are a key drivers of this trend. Ownership of logistics assets did provide superior control through the supply chain and leverage to extract margins which would otherwise get lost in the trade. These factors may lead traders to come to market to monetise some of their logistics assets, especially if it can be done through sale and leaseback arrangements where operational control can be retained post sale.
Glencore coming to market is a case in point and more will follow. Storage businesses generate the bulk of their revenues from storage fees derived from leasing space in tanks. These contracts vary in length and complexity, often depending on the client. This provides a level of guaranteed income. Terminal businesses charge fees for moving product from tanks to transport points — be it barges, transmission pipelines and rail or road networks.
In addition, on the back of oil storage, these enterprises have become larger liquid businesses encompassing chemicals, vegetable oils and even food additives.
These market fundamentals have spurred the immediate rush to invest in new oil storage assets or acquire existing ones. Going forward one can expect Australia, Singapore and Houston to catch up before we see a lot of financial investor activity in the Middle East region. The recent bid process and aggressive pricing for the sale of a minority stake in Universal Terminals in Singapore could be an early indicator of this trend.
The ARA region is a strong gateway for Europe — a region which has seen a lot of trans-. Contract renewals are one of the major risks of the business.
The more revenue locked over the long-term the better. Health and safety requirements have tightened since incidents such as the Buncefield fire. Owners of storage assets have little scope for passing these costs on because the assets are not generally. By investing in these assets, infrastructure investors — whilst not taking direct commodity exposure — are indirectly taking a view on the market for the products they store. But with established customers, strategic locations and long-term contracts in place, these assets have shown that they can deliver mid-teen IRRs for investors willing to take the risk.
Beyond standalone economics — investors also have an eye on building a network of these assets.
Macquarie seems particularly keen on this play and is not afraid of paying rich premiums — 18x enterprise value EBITDA on the Universal Terminals transaction. On another live transaction — the sale of the Portuguese, Spanish and French assets — Macquarie again seems to be the front runner. The successful outcome on the LBC transaction could trigger many other marginal independent storage providers to follow suit.
Amy McLellan reports. Production data suggests US output is on the rebound while the return of disrupted supplies from Canada, Iraq and Libya is again adding to the global glut of oil. The result is that the one-year price contango, which has seen global tanks sloshing full to the brim, has almost doubled, suggesting the recent weakening of the oil price could be more than a summer dip.
There is precedent: The contango is good news for those in the business of storing oil. Earlier this year freight data from Thomson Reuters Eikon pointed to a fleet of 40 supertankers anchored off its coasts or in nearby Malaysian waters. At key terminals we have seen capacity being built out over the last five years, but stocks have ballooned.
In China, for example, the refining capacity has doubled over the past decade to about Already Chinese-refined petrol and diesel are hitting international markets. Indeed, the refining boom has created problems of its own. This summer, however, these storage and logistical bottlenecks meant that there was an easing back of imports in China.
Customs data shows inbound shipments into China were equivalent to 7. The regional oil glut is not just a supply-side issue; it is aided by anaemic demand as economies around the world struggle with sluggish growth. But while the rate of growth may have slowed, the countries of Southeast Asia, China and India are still on an upward trajectory: It is the powerhouse of China that is the real bellwether of global growth.
The country is targeting a full-year growth target of 6. In September , during a visit to Kazakhstan, Chinese president Xi Jinping announced plans to re-develop the Silk Road with high-speed rail, roads and pipelines connecting lands once crossed by caravans in the first millennium. The OBOR has both land and sea dimensions: This includes nearly. Storage terminals need to become more agile in a changing world according to Muthukrishnan Prabakaran. It will open up new strategic hubs along the road; Gwadar, just northeast of the strategically important Straits of Hormuz, is not only being built with Chinese money but will also be owned and operated the China Overseas Ports Co.
This has been a significant fea-. The country increased imports by 8. In addition there is plus compulsory stockpiling by state-owned companies and tanks built and operated by private firms.
Beijing has set a million barrel SPR target for ; as of mid it had million barrels in storage, having doubled its reserve base in just eight months. This rate has slowed, with existing facilities full and new underground caverns encountering technical and construction delays. This summer however, it was reported that the government would build million barrels of storage for its SPR in three construction phases. It is not just China that is piling on the barrels.
Low oil prices have also prompted India to accelerate the growth of its SPR, with the first phase of three facilities in southern India providing room for The Visakhapatnam facility began filling last summer while the Mangalore and Padur facilities will complete later this year. This year the country plans to add 1.
State oil. There is massive investment in storage capacity in South Korea. Phase one — the north terminal — got underway in November and land reclamation will be completed in January , ahead of Korea Oil Terminal Company starting construction on the facility.
The north terminal will comprise six docking facilities with storage capacity for 9. This work will be completed in , with commercial operations expected to start in , says Jinwon Choi, assistant manager of Ulsan Port Authority. Phase two — the south terminal — will see the reclamation of another sq km of land for facilities that can handle Pending the results of the feasibility study, work could get underway in with a view to starting commercial operations in Global head of terminals Muthukrishnan Prabakaran points out that its Hamriyah terminal, with capacity of , m3, is growing in strategic importance,.
While there may be plenty of oil seeking a home — there can be many challenges to adding new capacity. In Malaysia, for example, construction work on the Asia Petroleum Hub APH in Johor has been stalled due to lack of funding and unresolved issues over ownership, leaving it far adrift of its original on-stream date of It is hoped the entry of a consortium led by cash-rich Emirates National Oil Company will revive work on the project.
As the history of the old silk routes show, they are living things that depend on many factors for their survival. One of these factors is environmental and, in an era of rapidly retreating Arctic sea ice, new routes are being opened that could, in a warmer future, rival the shipping lanes that today connect Asia with western markets. In , for example, the Stena Polaris carried almost , barrels of naphtha from Ust Luga near Saint Petersburg to Yeosu in South Korea in 35 days compared with a typical seven-week journey via the Suez Canal.
There are significant cost and environmental savings to shorter journeys. Christian Bonfils, managing director of Nordic Bulk Carriers, which in was the first company to use the NSR to transport cargo through the Arctic to China, said the fuel savings alone added up to tonnes.
The recent plunge in oil prices, however, has eroded that cost advantage.
In , there were just 18 transits and 40, tonnes of cargo. Lanxess enlarges specialty chemicals storage capacity Lanxess has significantly expanded storage capacity for its phosphoric acid ester plants at its Leverkusen site. It now contains six m3 tanks, giving a total volume of m3.
It replaces the previous, smaller tank farm, which had a capacity of m3. In addition to the tank facility the company has built a new unloading station to transfer raw materials from tankers.
The new station has five bottom discharge arms and vapour recovery arms. The new tank farm has been completed and is awaiting its official permit before starting operations, which is expected by the end of July. Yilport Gebze Port and Solventas terminal will now be consolidated into the largest and most advanced liquid terminal, operational in Dilovasi District in the Gulf of Izmit.
The merger will contribute to growth of the chemical industry in Turkey.
The terminal is also significant as the first specialised port of Yilport Holding, exclusively dedicated to handling and storing chemicals and liquid cargo. The facility has chemical tanks with a storage capacity of , m3. It serves tankers and vessels on two quays and stores and handles more than 70 types of products including chemicals and petrochemicals.
The consolidation of both facilities will form Yilport Dilovasi Liquid Terminal, with more than tanks and more than , m3 of liquid storage.
Both companies are carrying out studies to assess the potential of a new complex before a final investment decision is made. If developed it will be located near natural gas feedstock and include a world-scale stream cracker and derivative units. To meet growing demand for chemical storage, the operator is expanding its jetty capabilities as well as its storage capacity. A joint study is being conducted on a crude oil-to-chemicals complex after an agreement document was drawn up.
The ambition is to create a fully integrated complex to maximise chemical yield, recycles by-products and diversifies the petrochemical feedstock mix. The integrated facility, Yilport Dilovasi Liquid Terminal, will have more than , m3 of storage. Savannah, Georgia Asphalt, asphalt additives, condensate, crude, ethanol and other chemicals 1.
This list is based on information made available to Tank Storage Magazine at the time of printing. If you would like to update the list with any additional terminal information for future issues, please email: With over 85,m3 of liquid bulk storage in Saudi Arabia and terminals in Jubail and Yanbu, ACT is the perfect partner to import and export your chemicals or minerals safely and effectively.
Contact us to find out how we can help to leverage your chemical businesses in the Middle East. Threats from cyberattacks and climate change have replaced natural disasters as the main drivers behind companies adopting Your worst-case DR scenario today might be vastly different than it was just a few years ago.
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