10 trends in tank storage identified by global experts.

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Dr. Rashid Alleem, Director General of Seaports & Customs and Sharjah Free Zones Authority.

Fresh from this month’s Tank World Congress and Expo 2014 we pick out ten key trends found in the Congress delivered by our expert speakers including Sharjah Free Zones Authority, Port of Amsterdam, Sohar Port & Freezone, Port of Salalah, Gulf Petrochem, ENOC, the Energy Institute, Galana and many more. The event proved hugely popular and was attended by over 1,600 attendees across the Tank Storage industry. Tank World Congress and Expo will return in 2015 and free tickets are now available. See below to register.

1. The industry is undergoing a shift from crude oil to refined products. Cleaner and lighter fuels and alternate fuels are in greater demand than even before. This is partly related to growing environmental legislation regarding governing fuels and changes in customer demands.

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Sustainability and tank storage; a deepening relationship.

A major challenge for those involved within storage is how to develop plans and strategies that not only enhance economic performance but also demonstrate high standards of both environmental stewardship and responsible social performance. Commonly known as sustainability, this is a growing focus for the industry, with oil and gas sustainability spending set to reach $6.5bn in 2017 according to a recent report from Verdantix, a significant increase from $5.4 billion in 2012. Today Tank World looks at this subject and gains insight from Dr. Rashid Alleem Director General Department of Seaports & Customs and Sharjah Free Zones Authority, and a leading expert in this field, about the growing role of sustainability within the oil and gas storage industry.

LNG terminal storage tank

BP Storage tank in Bilbao, Spain (Courtesy of BP PLC).

To start I asked Dr Alleem how he defines sustainability: “Sustainability means survival. Sustainability means success. Without sustainability, global economic crisis like the historic 2008 economic meltdown will continue to take us back and affect our economic progress. Sustainable development in the present highly competitive global markets calls for a vision and long-term planning.  In our quest for sustainability we fail to make use of the best of available resources and in the right manner. Sustainability does not only ensures our survival but it also ensures survival of our generations to be.

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