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.

2. More investments in independent storage capacity, particularly from traders who are buying into storage capacity.

3. Due to decreasing European demand for gasoline, margins for refineries are declining and capacity and utilisation rates refineries are diminishing. This equates to a reduction in gasoline surplus in Europe.

4. The European diesel shortage is increasing because of downsized production and increasing demand in the bunker and automotive market.

5. Independent storage is being driven by pressures on time and space and demand for value added services (blending, heating, drumming, waste water treatment etc.)

Click here to book your free place at Tank World Expo and Congress 14-15th April 2015

6. Both international and regional trends are moving towards greater oversight of ports and terminals, and hence increased regulation.

7. Lack of skill and knowledge and fear of reprimand for reporting a superior are some of the main root-causes of critical behaviours leading to HSE failures.

8. Autonomy and empowerment of employees at all levels improves, trust, transparency and creates a culture of accountability which in turn improves the safety culture within organizations.

9. In developing facilities in new territories local partners are critical as is the close involvement of all partners in implementation and acceptance that administrative procedures to obtain necessary permits and licenses can be lengthy.

10. Although tank storage has existed in Africa for decades, increased stability, a growing demand, booming populations and size-able discoveries of hydrocarbons have fueled its extensive recent growth with several new facilities are rapidly developing.

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Click here to book your free place at Tank World Expo and Congress 14-15th April 2015.

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2 thoughts on “10 trends in tank storage identified by global experts.

  1. Pingback: French storage terminal switches from oil to biodiesel as import levels continue to grow. | Tank World

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