Tank Storage Magazine June-July volume 12 issue 3

The voice of the storage terminal industry

JUNE/JULY 2016 Volume 12 Issue No.3

FULFILLING COLOMBIA’S MIDSTREAM NEEDS A new public-access liquids terminal is enhancing the country’s oil market

KEEPING THE US CRUDE OIL EXPORTS FLOWING The tank storage boom has begun

REGIONAL FOCUS: THE AMERICAS

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JUNE/JULY 2016 VOLUME 12 ISSUE NO.3

CONTENTS

Contents News TERMINAL NEWS 09

Europe

15 Africa & Middle East 18 Asia

36

19 The Americas 21 Incident report

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Storage in The Americas 22

Tank terminal update: The Americas

25 Growing specialty storage in Latin America 28 Serving a niche market in Texas 33 Fulfilling Colombia’s midstream needs

Market analysis 30

Enhancing the crossroad for global maritime trade

36 Keeping the US crude oil exports flowing

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39 Tank integrity assessment 41 Modernisation of EPA’s risk management programme mooted

JUNE/JULY 2016 VOLUME 12 ISSUE NO.3

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CONTENTS

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JUNE/JULY 2016 VOLUME 12 ISSUE NO.3

CONTENTS

Contents Events

82 Harnessing innovation at the ILTA A preview of some of the exhibitor’s at this year’s ILTA in Houston, Texas 104 The dynamic storage market 107 The rise of the Middle East

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108 Upcoming events 109 Advertisers’ index

Technical features 43

82

Technical news

51 The success behind a thriving ageing terminal 54 The next evolution in tank heating 57 The need for reliable evaluation of floating roof seals 61 Protecting storage tanks from lightning for safety and reliability 65 Harnessing technology to improve regulatory compliance and preparedness 69 An adaptive solution in pumping technology 73 The importance of coatings to achieve high performance in chemical storage

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76 Low oil price drives storage terminal development 79 Gas-chromatography: measuring gases on micro basis

JUNE/JULY 2016 VOLUME 12 ISSUE NO.3

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JUNE/JULY 2016 VOLUME 12 ISSUE NO.3

CONTRIBUTORS

Contributors JUNE/JULY 2016 Volume 12 Issue No.3

The voice of the storage terminal industry

JUNE/JULY 2016 Volume 12 Issue No.3

FULFILLING COLOMBIA’S MIDSTREAM NEEDS A new public-access liquids terminal is enhancing the country’s oil market

KEEPING THE US CRUDE OIL EXPORTS FLOWING The tank storage boom has begun

REGIONAL FOCUS: THE AMERICAS

TSM_Front_cover_June-July.indd 2

03/05/2016 12:52

Front cover courtesy of HMT

PUBLISHER Margaret Dunn t: +44 (0)20 8843 8153 e: margaret@tankstoragemag.com

ONLINE & CONTENT EDITOR Jasmin McDermott t: +44 (0)20 8843 8159 e: jasmin@tankstoragemag.com

INTERNATIONAL SALES MANAGER David Kelly t: +44 (0)20 8843 8161 e: david@tankstoragemag.com

MARKETING PROJECT MANAGER Amy Jordan t: +44 (0)20 8843 8837 e: amy@tankstoragemag.com

DATABASE MANAGER Jourdan Roze t: +44 (0)20 8843 8828 e: jourdan.roze@easyfairs.com

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MANAGING DIRECTOR Matt Benyon t: +44 (0)20 8843 8813 e: matt.benyon@easyfairs.com

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@tankstorageinfo Tank Storage Magazine Tank Storage Magazine

Tank Storage Magazine (ISSN 1750-841X) is published six times a year (in February, March, May, August, October and November) by Easyfairs UK Ltd, 2nd Floor, Regal House, 70 London Road, Twickenham, TW1 3QS, UK. The 2016 US Institutional subscription price is $240. Airfreight and mailing in the USA by Agent named Air Business, C/O Worldnet Shipping USA Inc., 155-11 146th Street, Jamaica, New York NY11434.

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JUNE/JULY 2016 VOLUME 12 ISSUE NO.3

Part of

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COMMENT

All change

T

ank storage inventories continue to sit at an all-time, healthy high as the shale revolution gripping the US market continues una-

bated.

Oklahoma’s Cushing continues to break new records for the amount of crude splashing around in its vast tank infrastructure and the country is settling into a new industry norm.

Producers are capitalising on the low oil price, which has slightly ebbed and flowed in line with the contango – but as with everything in this industry, things change quickly.

Testament to this change is the lifting of the crude oil export restrictions in December 2015 – a move which several believed would not happen for some time.

Within this issue Andy Lipow examines how this legislative change heralds a tank storage boom for the market. Additionally, we speak to Jacob Stern & Sons about their growth plans in the Port of Houston.

Looking further south to the Latin American tank storage market, we speak

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to Zenith Energy about how their latest joint venture with Coremar Group is helping to fulfil Colombia’s midstream needs. The first phase of Palermo Tanks Terminals is now complete and plans are in place to invest at least another $20 million in the second expansion.

QC Terminales has also recently completed a series of expansion projects at its facilities in Chile and Ecuador in response to growing demand for specialty storage.

Our interview with general manager Carlos Pineda reveals how the evolving market dynamics in this region could prompt further development.

Copies of this magazine will be at the ILTA in Houston along with our magazine team. In addition, our publisher Margaret Dunn will be chairing the trade show’s symposium on May 25, so it would be great to see some of you there.

We hope you enjoy the read.

With best wishes, Jasmin

JUNE/JULY 2016 VOLUME 12 ISSUE NO.3

COMMENT

JUNE/JULY 2016 VOLUME 12 ISSUE NO.3

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TERMINAL NEWS l CONTENTS

Terminal news All the latest terminal storage news from around the globe

18 World’s largest LNG terminal ships first cargo

20 Liquid fuels terminal planned for Mexico

16 Puma launches in Ghana

AFRICA & MIDDLE EAST

Europe 09 Shell’s UK terminal acquired by Prax Terminals

Antwerp liquid bulk volume grows

CLH clinches operation of Dublin airport terminal

10 Crude storage cavern operational in Gothenburg

15 SOCAR’s oil terminal development complete next year

ENOC’s Project Falcon pipeline extension to start imminently

Asia 18 Pengerang celebrates vessels milestone

UK Vopak sale complete

Fuel storage tanks leased by PetroChina Singapore

Liquid bulk surges at Rotterdam

Tank collapses following Jurong Island fire

Bunkering operations start at Gulf Petrochem’s Indian terminal

World’s largest LNG terminal ships first cargo

11 Shipments arrive at Thames Oilport

FinCo completes Gulf acquisition

12 Botlek doubles terminal capacity

THE AMERICAS

19 JP Energy’s solid performance despite market headwinds

Koole expands Pernis terminal with biodiesel plant

13 Stolthaven Terminals up

Robust performance from Vopak

Rubis reveals solid organic growth

Holly Energy Partners acquires Tulsa crude tankage

20 Liquid fuels terminal planned for Mexico

Blueknight posts strong financials from well-balanced

14 Lukoil launches lubricant storage terminal

business model

Valero Energy Partners buys McKee Terminal Services Business

Zenith commits $100 million to Amsterdam terminal

FOR THE LATEST NEWS, VISIT WWW.TANKSTORAGEMAG.COM

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JUNE/JULY 2016 VOLUME 12 ISSUE NO.3

TERMINAL NEWS l EUROPE

Shell’s UK terminal acquired by Prax Terminals

CLH clinches operation of Dublin airport terminal

Prax Terminals has successfully acquired Shell’s Jarrow fuels terminal in Newcastle, UK.

The CLH Group will renovate and operate a fuel storage terminal at Dublin airport and has pledged to invest more than €40 million into the facility.

State Oil announced that its subsidiary Prax Terminals acquired the 40,000 m3 terminal, which stores diesel, gasoil, kerosene, petroleum and aviation fuel.

State Oil’s managing director Sajeev Kumar says: ‘This acquisition represents the group’s continuing aspiration to procure future strategic storage assets in the UK and globally.

‘These acquisitions will provide the group with the power to maximise market movements, to exploit arbitrage opportunities and will provide synergies between the wholesale and trading arms of the group.

‘Ultimately, it will differentiate the group from a simple and singular oil trading business and is another milestone in the group’s resolute ambition to become a leading and dominant global oil business supported by a portfolio of storage assets.’

Following the award of the tender process by Dublin Airport Authority, the company will manage the facility under a concession scheme for 20 years.

Additionally, it will also renovate the assets by expanding its capacity and building a new hydrant system.

During the 2016-2018 period, the investment will exceed €40 million and it is envisaged that the new infrastructure will be commissioned in stages, with the project complete in three years.

José Luis López de Silanes, chairman of CLH, says: ‘This transaction consolidates the company’s internationalisation strategy through a growing industry such as the supply of aviation fuel, where the CLH Group has broad knowledge.’

The new facility will comprise three storage tanks of 5,000 m3 each, office and service buildings, parking area, pumping stations, into-plane fuelling unit loading areas and technologically-advanced safety systems.

The hydrant system at the airport piers will facilitate into-plane fuels, which will be connected to the storage terminal through a twin pipeline.

A new company has been created to operate the facility, CLH Aviation Ireland.

CEO Jorge Lanza adds: ‘The transaction is an exciting challenge involving the operation and renovation of the fuel storage terminal of such an important airport as Dublin, while keeping the facility operational at all times as with the project we undertook a few years back at Alicante airport.’

Antwerp liquid bulk volume grows The volume of liquid bulk handled by the Port of Antwerp in the first three months of 2016 rose by more than 10%.

Overall, the port handled 53,265,553 tonnes of freight, 3.9% more than in the same period last year.

In addition to the bulk liquid growth of 10.6%, the growth in container volume meant that March 2016 was the best month ever recorded at the port in terms of freight volume handled.

Liquid bulk surged to 17,693,219 tonnes. Oil derivatives amounted to 13,178,993 tonnes for the first quarter, representing a growth of 17%.

JUNE/JULY 2016 VOLUME 12 ISSUE NO.3

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TERMINAL NEWS l EUROPE

Crude storage cavern operational in Gothenburg A crude oil underground storage cavern has been brought into operation at the Port of Gothenburg.

The 600,000 m3 cavern will be operated by Scandinavian Tank Storage and will complement another underground storage facility of 800,000 m3, which was opened for crude storage in 2009. Gothenburg Port Authority has reached an agreements for Scandinavian Tank Storage to operate both caverns.

The caverns are located at the Tor Harbour, one of three energy harbours in Gothenburg.

Jill Söderwall, vice president and head of commercial operations at the Energy Port in Gothenburg, says: ‘Our strategic location between the Baltic Sea and the North Sea is generating a demand for storage of crude oil. With a further cavern we will be in a position to reinforce our role as the primary energy port in the Nordic region.’

The first vessel carrying crude oil for the new cavern is due to arrive in around a year’s time.

UK Vopak sale complete The sale of Vopak’s UK terminal assets to Macquarie Capital and Greenergy has been completed.

The assets comprise Vopak’s terminals in West Thurrock, London, Seal Sands, Teeside and Windmill near Cardiff, Wales. The sale follows the previously announced completion of the sale of Vopak’s share in Thames Oilport.

As previously reported, Macquarie Capital and Greenergy have established Navigator Terminals, which will have an initial storage capacity of 1.5 million m3, which makes it the UK’s largest independent bulk liquid storage provider.

Vopak reports that the cash and debt free enterprise value of the total divestment of all Vopak’s UK assets amounts to £335 million (€432 million).

Liquid bulk surges at Rotterdam A higher throughput of crude oil and oil products at the Port of Rotterdam offset declines in dry bulk and container throughput.

According to the port’s 2016 first quarter results, roughly the same volume of cargo was handled in this period compared to the same quarter last year.

The total volume of cargo handled increased by 0.2% to 116.9 million tonnes.

The port handled 26 million tonnes more of crude oil compared to the same period in 2015 and 7.8 million tonnes more in other liquid bulk.

The low oil prices have resulted in substantial margins for the refineries, increased refining activity and strong trade in oil products. In the other liquid bulk segment there was a modest increase in biodiesel volumes.

However, LNG saw a considerable decline in throughput volumes of -72.6%. A substantially lower volume of LNG was re-exported to non-EU destinations in the first quarter. LNG throughput volumes are expected to recover over the remainder of 2016.

In total, the throughput of liquid bulk rise by 3.3% to 58.4 million tonnes.

Port of Rotterdam Authority CEO Allard Castelein says: ‘The port’s throughput grew by 4.9% in 2015. Our ambition is to match this high throughput volume in the present year. So far we are on course – but we still have three quarters to go.’

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JUNE/JULY 2016 VOLUME 12 ISSUE NO.3

TERMINAL NEWS l EUROPE

Shipments arrive at Thames Oilport The first phase of the Thames Oilport terminal project is complete and the first in a series of shipments has arrived at the facility.

The development of Thames Oilport, formerly the shuttered Coryton refinery, is being carried out in phases. The current phase involves the commissioning of 176,000 m3 of capacity, which will be used by Greenergy for diesel storage to take advantage of the prevailing market contango.

The tanks have undergone extensive refurbishment in the east part of the site, ranging in size from 24,000 m3 to 39,000 m3, as well as redevelopment and automation of a pumping exchange and a piping network connecting to the jetty. Fuel is currently being moved into and out of the terminal by ship.

The next phase will add a further 64,000 m3 of storage in the third quarter of 2016.

Thames Oilport is a joint venture between Greenergy, which owns two thirds, and Shell, which owns the remaining third.

JUNE/JULY 2016 VOLUME 12 ISSUE NO.3

FinCo completes Gulf acquisition FinCo has completed the acquisition of Gulf’s wholesale activities in the Netherlands, which includes commercial fuels, bunkering and terminal assets.

Following the closure of the transaction with ENVIEM, FinCo has acquired activities including direct sales, commercial fuels, bunkering and lubricants as well as Gulf’s terminals, barges, trucks and associated employees.

Working in co-operation with Gulf Oil International, FinCo will enter into a new partnership for the marketing and distribution of lubricants in the Netherlands and Germany.

In a statement FinCo says that the acquisition will further strengthen its position in the Dutch downstream oil market and will be able to offer an extensive portfolio of services to its customers.

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TERMINAL NEWS l EUROPE

Botlek doubles terminal capacity Botlek Tank Terminal plans to more than double storage capacity at its facility in the Port of Rotterdam.

Supported by a long-term contract, the storage operator plans to increase capacity from 200,000 m3 to 467,000 m3.

The expansion project comprises the construction of 14 storage tanks for clean petroleum products and the development of three additional barge berths to accommodate the logistical needs of new customers.

The expansion will take place on land that has been reclaimed by the Port of Rotterdam. It is scheduled to start in May 2016 and operations are due to start by mid-2017.

Charles Smissaert, managing director of Botlek Tank Terminal

says: ‘We are excited to develop this expansion project which confirms BTT’s philosophy of providing extremely efficient infrastructure to our customers.’

Paul van Poecke, head of liquid bulk terminals at HES International, of which Botlek Tank Terminal is a wholly owned subsidiary, adds: ‘The new investment underlines the strategy of HES International and the commitment of its shareholders to grow further in the liquid bulk segment, both at our existing liquid bulk terminals in Rotterdam, Wilhelmshaven and Gdynia as well as through greenfield development and acquisitions.’

Koole expands Pernis terminal with biodiesel plant Koole Terminals has expanded its Pernis terminal in the Netherlands with the purchase of a biodiesel plant.

The biodiesel plant was purchased from Biopetrol/Glencore however, Koole terminals does not intend to operate the factory as a biodiesel plant.

The existing tanks at the factory will be prepared for rental to third parties.

Additionally, a foreign chemistry manufacturer has examined whether there is a possibility that the factory can be converted to a chemical plant where alcohols can be etoxylated.

Koole Terminals says in a statement that it will become more apparent over the coming quarter whether this is economically viable.

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JUNE/JULY 2016 VOLUME 12 ISSUE NO.3

TERMINAL NEWS l EUROPE

Stolthaven Terminals up Operating revenue and terminal capacity at Stolthaven Terminals has increased according to the company’s first quarter 2016 financials.

Operating revenue was noted as $54.3 million, up from $52.2 million in the fourth quarter. The average terminal capacity at its owned terminals edged up to 1.64 million m3. Leased capacity and utilisation also increased slightly.

Average storage and throughput revenue per cubic metre of leased capacity per month was also unchanged, which reflects the impact of the strong US dollar in certain key markets.

The improved first-quarter results reflect the $2.1 million increase in revenue and a reduction in administrative and general expense of $600,000, mostly related to the strong US dollar.

The company’s joint venture in Lingang remains closed except for the jetty following the Port of Tianjin explosion in August 2015. A new operating license is expected to be issued in the second half of 2016.

Niels G. Stolt-Nielsen, CEO of Stolt-Nielsen Limited, says: ‘Stolthaven Terminals is on the road to recovery, and we expect to see small, gradual quarterly improvements this year.

‘That said, ongoing actions to increase utilisation and enhance both profitability and operational performance are not expected to fully impact results until 2017.’

Rubis reveals solid organic growth Rubis Terminal has posted strong earnings growth for 2015 despite a very uncertain international environment.

In its 2015 financial statements, the group generated solid organic growth combined with a targeted acquisitions policy. Overall the strong growth helped to generate cash flow of 45% despite the volatility of oil prices, and a gloomy economic climate in France.

The group also completed the integration of its new acquisitions including those in Reunion, West Africa, Djibouti and majority control of the SARA refinery.

Revenue from its storage segment increased by 6%. Outside of France the group posted significant growth, of 74%, driven largely by its subsidiaries in Antwerp and Delta Rubis in Turkey.

The company said in a statement that in 2016 it intends to pursue its industrial development with an investment budget of €146 million.

It adds: ‘The group is confident in its ability to continue to generate organic growth and continue its acquisition policy.’

Robust performance from Vopak Sound market fundamentals for storage demand underpinned Vopak’s robust performance in the first quarter of 2016.

In an interim statement update the storage operator says that in line with the outlook for 2016 the company benefited from positive market fundamentals for storage demand and infrastructure services.

It expects the occupancy rate of its global network to exceed 90%.

The company has completed the divestment of all its UK assets to Macquarie Capital and Greenergy.

In February, Jubail Chemicals Storage and Services Company entered into a non-recourse project financing. As a result, the initial proportional shareholder loan from Vopak of €86 million was repaid during the first quarter.

JUNE/JULY 2016 VOLUME 12 ISSUE NO.3

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TERMINAL NEWS l EUROPE

Zenith commits $100 million to Amsterdam terminal Zenith Energy intends to invest around $100 million into its Amsterdam terminal, which it recently acquired from BP. The company, which completed the acquisition of the liquid storage and handling facility on April 26, intends to fully utilise its capacity for products and LPG storage.

Jeff Armstrong, president and chief executive officer at Zenith says: ‘This transaction is a significant step forward for Zenith and places us at the centre of a key geographic region for the energy industry.’

The $100 million investment will be spent on restoring tanks to service, creating more efficiencies in the facility as well as upgrading mixing systems, pumps and tanks.

The terminal has more than six million barrels of storage for petroleum, ethanol, middle distillates, biodiesel, kerosene and LPG, with capabilities for sophisticated blending.

The terminal has connectivity for ocean vessels, inland waterways and trucks, and a deep draft to service ocean going tanks up to 135,000 tons with multiple berths for barges and ships.

The company says in a statement that it is evaluating other acquisitions and investment opportunities in the ARA.

Lukoil launches lubricant storage terminal A bulk lubricant storage and transfer terminal was brought into operation by Lukoil in Vienna, Austria.

The opening ceremony was attended by the chairman Valery Grayfer, as well as the president of Vienna Provincial Parliament and president of Vienna chamber of commerce and industry walter.

The construction of the terminal on the Danube includes a tank farm and a mooring complex has become the second stage of the upgrade of the Austrian lubricant blending facility of Lukoil Lubricants Europe, which was acquired in 2014.

The new terminal will optimise the logistics of base oil supplies from Russia and enhance the competitiveness of Lukoil’s end products in Europe.

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JUNE/JULY 2016 VOLUME 12 ISSUE NO.3

TERMINAL NEWS l AFRICA & MIDDLE EAST

SOCAR’s oil terminal development complete next year The third phase of the State Oil Company of Azerbaijan’s (SOCAR) oil products terminal will be in operation in 2017.

The third phase of the terminal’s expansion involves the construction of 298,000 m3 of additional capacity for the storage of petroleum products.

The first phase, which involved the construction of 115,000 m3 of fuel oil storage was complete in 2012 and was quickly followed by an additional 235,000 m3 for fuel oil blending and clean products storage in 2013.

Zaur Gahramanov, SOCAR investment department’s deputy head, told local media that as a result of the low oil price, this third phase of expansion had slowed down, but that it was most likely to be complete in 2017.

ENOC will start construction of a 16 kilometre underground jet fuel pipeline extension to link its terminal in Jebel Ali with Al Maktoum International Airport.

It is expected that work on the extension to the airport in Dubai South will start in the fourth quarter of 2016.

The front end engineering and design process is in progress and the extension is expected to come on stream by the fourth quarter of 2018.

Currently, there is a 58 kilometre pipeline connecting the terminal with Dubai International Airport, and it has been operational since March 2015. It has a capacity of 141,500 m3 for jet fuel supply to the Dubai International Airport.

H.E Saif Humaid Al Falasi, ENOC’s group CEO, says: ‘ENOC has had a close

association with Dubai Airport since inception, supplying jet fuel to meet the increasing traffic demand at the Dubai International Airport. With the extension of 16 kilometres to Al Maktoum International Airport, we look forward to strengthening this relationship, as well as powering towards the future of connectivity of this great emirate.’

In terms of meeting fuel demand, the majority of Dubai International Airport’s jet fuel supply can be fulfilled by the Falcon pipeline. Upon completion, the pipeline will be able to meet 60% of Dubai Airport’s combined demand in 2050.

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2016 ILTA Conference & Trade Show Booth #1225 JUNE/JULY 2016 VOLUME 12 ISSUE NO.3

15

TERMINAL NEWS l AFRICA & MIDDLE EAST

Puma launches in Ghana Puma Energy has officially launched operations in Ghana, working in partnership with two companies for storage and retail distribution in the country.

The company has been supporting Ghana’s fuel industry

for almost 10 years through the construction and operation of

the CBM import system. The system has been consistently

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available and is used to import all crude and most fuel products into Ghana.

In partnership with Blue Ocean Investments, Puma Energy has built three new storage terminals at Kotoka International Airport, Tema Ridge and Takoradi.

Puma Energy is also working in partnership with OBI Petroleum, now known as Puma Energy Distribution Ghana, on the retail side.

Puma Energy Africa’s COO Christophe Zyde says: ‘Puma Energy links local demand with international supply, through investment in infrastructure. In Ghana we have built partnerships with local players – Blue Ocean Investments and UBI Petroleum – in order to increase the fuel storage capacity of Ghana and to bring efficiencies and enhance economic growth.’

At the KIA aviation fuel depot, 10,000 m3 storage capacity has been added to the existing 750 m3 depot. This increased security of supply at the airport has position Accra’s KIA as a contender for major airlines using it as a hub for the West African sub-region. With the Tema Ridge depot, the further 15,000 m3 of storage of aviation fuel improves efficiency, reinforces security of supply and aids improved planning for the region.

The New Takoradi Terminal, which is the first to store petroleum in Gahan’s western region, supports the Ghanaian government’s policy to improve regional fuel supply with the new petroleum/gas oil terminal’s additional 32,000 m3 of capacity.

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JUNE/JULY 2016 VOLUME 12 ISSUE NO.3

JUNE/JULY 2016 VOLUME 12 ISSUE NO.3

17

TERMINAL NEWS l ASIA

Pengerang celebrates vessels milestone

Bunkering operations start at Gulf Petrochem’s Indian terminal

Pengrang Independent Terminals has received 500 vessels to its facility in Malaysia since it was commissioned in April 2014.

Gulf Petrochem has started bunkering operations at the Gujarat port of Pipavav on India’s west coast.

The 500th vessel was MT British Vine, loaded with crude oil, which arrived at the facility mid-March 2016.

CEO Law Say Huat says: ‘Since the commencement of our operations, we have been receiving various sizes of vessels from barges to several VLCCs for both clean petroleum and crude oil storage to serve our customers for their trading activities or their structural supply chain system.

‘This achievement is only possible with the close support and co-operation from our customers, relevant authorities and service providers. We will continue to listen, innovate and work with customers in our journey towards our vision – to be the safest terminal with exceptional services.’

The company has its own liquid terminal with a capacity of 250,000 KL for different petroleum classes of products including fuel oil and marine gasoil. Currently for their bunkering business, fuel oil tankage capacity is around 30,000 KL at the port.

It will offer IFO380 and MGO ex-truck fuel while gradually placing a barge of around 1,000 MT. Truck supplies have started from Pipavav but the group intends to cover Dahej, Hazira, Muldwarka, Bhavangar anchorage and Pipavav over a period of time.

The move will allow the group to provide customers with a wider portfolio of marine fuel products such as RMG 380, RME 180, MGO DMA and LSMGO. Combined, Gulf Petrochem has an overall storage capacity of more than one million m3, which is earmarked to grow further with the $50 million expansion of its Fujairah terminal, which is due to be completed by March 2017.

Prerit Goel, group director, says: ‘We know that the market situation is volatile, however it has always been a strategic objective of the group to be able to offer bunker supplies to our customers out of our terminal in Pipavav, which is a strategic bunkering port in the Gulf of Khambat.’

Fuel storage tanks leased by PetroChina Singapore PetroChina Singapore has leased fuel oil storage tanks at Port Klang in Malaysia with plans to develop it into a bunker fuel supply hub.

According to Platts, trade sources said that storage capacity at the port is 220,000 m3 and that PetroChina has likely taken all of it.

The terminal has previously leased storage to companies including Petronas and PTT. According to the sources quoted by Platts, PetroChina’s lease likely started in March and there have already been two Suezmaxes that have discharged fuel oil at the terminal.

Potential bunker fuel demand at Port Klang is estimated to have hit a high of 250,000 million tonnes per month, and is now estimated to be around 120,000 million tonnes per month.

Tank collapses following Jurong Island fire A tank collapsed following a five hour fire at Jurong Island in Singapore.

It took the Singapore Civil Defence Force (SCDF) five hours to extinguish the blaze in a tank containing light crude oil. The fire was raging by the time the SCDF arrived and the in-house company emergency response team were already tackling the flames.

The prolonged operation was compounded by the fact that the affected tank folded and bucked due to the intensity of the fire.

One person was taken to hospital due to heat exhaustion.

The SCDF says in a statement on Facebook: ‘This operation was a race against time in view of the tank that had buckled and on the need to prevent the intense fire from spreading to Picture credit: SCDF its immediate surroundings.’

18

World’s largest LNG terminal ships first cargo One of the world’s largest LNG projects has shipped its first cargo to Japan.

Australia’s Gorgon project, located on Barrow Island, includes a domestic natural gas plant, a carbon dioxide injection project, and an LNG export facility.

The three liquefaction units have a combined capacity of 2.1 billion cubic feet per day.

The first unit (also known as a train) was commissioned in March 2016, with the second and third trains to follow as six and nine-month intervals.

The entire facility, which took more than six years to develop, cost $54 billion in capital costs, making it the world’s most expensive LNG project to date.

According to the EIA, Australia’s LNG export capacity is 6.2 billion cubic feet per day. If scheduled LNG capacity becomes operational by 2019, the country’s LNG export capacity will likely increase to the largest in the world, at 11.5 billion cubic feet per day – the equivalent of one-third of global LNG trade in 2014.

JUNE/JULY 2016 VOLUME 12 ISSUE NO.3

TERMINAL NEWS l THE AMERICAS

Holly Energy Partners acquires Tulsa crude tankage Crude oil tankage at HollyFrontier Corporation’s Tulsa refinery has been acquired by Holly Energy Partners.

The tankage has been acquired from an affiliate of Plains All American Pipeline for $39.5 million and the transaction was effective as of March 31.

HollyFrontier and Holly Energy expect to enter into a 10-year throughput agreement containing minimum quarterly volume commitments from HollyFrontier.

JP Energy’s solid performance despite market headwinds

The EBITDA for JP Energy’s crude oil storage suffered a decline as a result of continued low crude oil prices which have been driving a decrease in production volumes.

The company reported adjusted EBITDA for its reorganised crude oil pipelines and storage segment as $23.1 million for the year ended December 31, 2015 compared to $25.3 million the previous year.

The decrease was due to reduced margins as a result of declining production volumes. Additionally, the low crude prices are creating more competition for crude purchases, partially offset by higher crude oil sales volumes and throughput due to expansions of the Silver Dollar Pipeline System throughout 2015.

The refined products terminals and storage segment saw a slight increase in its year end adjusted EBITDA financials. In 2015 it was recorded at $10.9 million compared to $10.7 million in 2014.

This was attributed to an increase in refined products sales volumes due to the addition of butane blending capabilities at its North Little Rock terminal in the second quarter of 2015 and lower operating expenses.

J Patrick Barley, executive chairman, president and CEO of JP Energy says: ‘I am proud of the accomplishments our team was able to achieve in 2015 despite significant headwinds that we and the industry continue to face.

‘During the year, we increased our Silver Dollar crude oil storage capacity by 250%, completed a strategic interconnection and extension of our Silver Dollar pipeline in the Midland Basin, completed a strategic propane acquisition and sold certain non-core crude oil assets in the Mid-Continent.’

JUNE/JULY 2016 VOLUME 12 ISSUE NO.3

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19

TERMINAL NEWS l THE AMERICAS

Liquid fuels terminal planned for Mexico Watco Companies will build and operate a new public, unit train liquid fuels terminal and general cargo facility in San Luis Potosi, Mexico.

The terminal will be strategically located on Kansas City Southern De Mexico’s main line in San Luis Potosi and will have the capability to unload (1) unit train per day in phase 1. Watco has reached an agreement to design build and operate the facility with WTC Industrial.

The terminal will receive a variety of commodities and handle and receive unit trains to serve the central region of Mexico under a free trade zone.

Jorge Wade, director of the terminal for WTC Industrial says: ‘Logistics are key and whoever is able to get the products in the most cost efficient way, will have an advantage on the market, especially on the refined products that will play a big role in Mexico now that the energy reform has taken place.’

Operations are scheduled to commence the later part of the fourth quarter 2016 or early 2017. Phase 1 will include 300,000 barrels of tank capacity, unit train unloading tracks and truck loading spots sufficient to truck 70,000 barrels per day.

Blueknight posts strong financials from well-balanced business model

Blueknight Energy Partners’ asphalt and crude oil terminalling segments have both posted strong financial results despite a challenging market.

The company’s EBITDA was $14.1 million for the fourth quarter of 2015 compared to $18.2 million for the same period in 2014. Overall for 2015, adjusted EBITDA was $70.1 million compared to $66.6 million for the same period in 2014.

CEO Mark Hurley says: ‘The current crude oil and overall economic market is one of the most challenging in recent memory. Crude oil prices have plunged 70% since 2014, and the number of drilling rigs is down 57% year over year reflecting continued weakness as energy exploration and production companies dramatically cut their capital budgets. The uncertainty on the political and economic fronts are weighing on the market as well.

‘Our well-balanced business model has proven to be resilient in today’s challenging market.’

The company’s asphalt terminalling services segment swelled operating margins by 17% year over year on strong throughputs. The crude oil terminalling and storage business reversed its declining operating margin trend as storage rates strengthened.

Hurley adds: ‘We aggressively managed costs and exited lower margin businesses. With the beginning of the decline in crude oil prices in late 2014, and the change in the slope of the crude oil market curve from backwardated to contango, our transported volumes started declining.

‘As crude oil prices continued their decline into 2015, and producers dramatically decreased drilling rig activity, particularly in the shale-play areas, crude oil trucking in West Texas became extremely competitive as under-utilised transportation equipment flooded into West Texas from more severely depressed production areas. This practice, coupled with increased pipeline transportation takeaway capacity negatively impacted margins as additional truck and pipeline transportation capacity completed for the same or less production volume. As a result, we reduced costs and made the difficult decision to exit the West Texas trucking business in the fourth quarter of 2015.

‘We continue to provide crude tracking transportation services in areas where we have a physical asset presence.’

He adds that looking to 2016, the company will continue to focus on growth and pursue acquisitions and organic projects.

Valero Energy Partners buys McKee Terminal Services Business

McKee Terminal Services Business has been bought by Valero Energy Partners from a subsidiary of Valero Energy Corporation for $240 million.

The terminal business supports Valero’s McKee refinery and comprises 75 tanks with 4.4 million barrels of storage capacity for crude oil, intermediates and refined petroleum products.

Upon the transaction closing, the partnership plans to enter into a 10-year terminalling agreement with a subsidiary of Valero. The business to be acquired is expected to contribute approximately $28 million of EBITDA in its first 12 months of operation.

20

JUNE/JULY 2016 VOLUME 12 ISSUE NO.3

INCIDENT REPORT

Incident report

A summary of the recent explosions, fires and leaks in the tank storage industry

1/4/2016

2/4/2016

Vopak

TransCanada

Port of Los Angeles, California An oily water mixture was spotted spilling from a holding tank at Vopak’s terminal in the port. The US Coast Guard was deployed and reported that a majority of the oil was contained on the pier but that some had entered the water. Clean up operations using oil skimmers and absorbent pads were used by the National Response Corporation, Ocean Blue and Patriot Environmental.

29/3/2016

Bayou Teche, Louisiana

PSC Industrial Outsourcing Crude oil spilled into Bayou Teche following reports that a tank was being filled with crude oil when the incident occurred. Sheriff’s office deputies deployed a 4,000 foot, 18-inch hard boom with a sorbent boom to contain the spill. The source of the leak of quickly secured and an investigation was launched.

20/4/2016

Jurong Island, Singapore A tank collapsed following a blaze at Jurong Island. It took the Singapore Civil Defence Force (SCDF) five hours to extinguish the blaze in a tank containing light crude oil. The operation was compounded by the fact that the affected tank folded and bucked due to the intensity of the fire. One person was taken to hospital due to heat exhaustion.

JUNE/JULY 2016 VOLUME 12 ISSUE NO.3

South Dakota, US A leak from a section of the Keystone pipeline in South Dakota spilled around 16,800 gallons of crude oil. The leak was discovered by a landowner and a section of the pipeline and relevant pumping stations were shut down immediately. The company said there was no significant environmental impact observed and the impacted soil was disposed of and an investigation launched. At the time of printing the pipeline was running at a reduced pressure and the company said that the affected section of pipe would be removed and replaced.

4/4/2016

Apia, Samoa, Polynesia

Petroleum Products Supply An employee carrying out maintenance works died following a large fire in one of three fuel storage tanks following a large explosion. The blaze ignited in one of the tanks within Matautu Wharf. A statement from the MD of the company said that the maintenance works were legal and had a permit and that an investigation had been launched. Local media reports that a report into the incident suggests that a mixture of petroleum and diesel may have caused the explosion.

21

TANK TERMINAL UPDATE

Tank terminal update: The Americas Arc Logistics Partners

Kinder Morgan Location:

Products: Capacity:

Construction/ expansion/ acquisition: Investment: Comment:

North America Refined products 9.5 million barrels 15 refined products terminals were acquired from BP Products North America $350 million Kinder Morgan and BP have formed a joint venture limited liability company to own 14 of the terminals.

The 15th is owned by Kinder Morgan

JP Energy Partners Location:

Products:

Construction/ expansion/ acquisition: Comment:

Products:

North Little Rock Refined products The expansion and upgrade to the rail facilities will improve ethanol offloading efficiency and capacity, allowing the facility to blend and distribute nine million gallons of ethanol per month In addition, an interconnection agreement has been signed to connect the facility to Magellan Midstream Partners Little Rock pipeline

Galena Park terminal, Houston Ship Channel, Texas Refined products, crude oil

Construction/ expansion/ acquisition:

The project involves the construction of a new marine dock and expansion of connectivity between the terminal and its Houston crude oil distribution network

Capacity:

$115 million (â‚Ź104 million)

Comment:

Connectivity improvements are expected to be complete by the end of 2016 while the new marine dock will be operational by the end of 2018

Pin Oak Terminals Location:

Products: Capacity:

Construction/ expansion/ acquisition:

Completion date: Investment: Comment:

22

Products: Capacity:

Construction/ expansion/ acquisition: Comment:

Pennsylvania Petroleum, distillates, ethanol, biodiesel 816,000 barrels of shell capacity The acquisition of four terminals from Gulf Oil comprises 28 storage tanks and over 20 acres of land The acquisition will increase Arc’s total shell capacity by 12% to 7.7 million barrels across 21 terminals

Hazelwood Energy Hub Location:

Magellan Midstream Partners Location:

Location:

Products: Capacity:

Construction/ expansion/ acquisition: Investment: Comment:

St Landry Parish, Louisiana Crude oil, condensate 13 million barrels The new facility will include four salt dome storage caverns and aboveground tanks $400 million The facility will have the ability to blend 10 types of crude simultaneously, will have access to an extensive pipeline network and will be complete by early 2018

QC Terminales Location:

Products: Capacity:

Construction/ expansion/ acquisition: Investment: Comment:

Ecuador and Chile Aviation fuel, corrosives, fish oil, chemicals, lubricants, asphalt 52,100 m3 The expansion of both terminals follows growing demand for niche storage services $13 million The second phase of the San Antonio facility in Chile will be complete by September 2016

Arc Logistics Partners Mount Airy, Mississippi River Petroleum liquid Up to 10 million barrels The new terminal offers a range of services and can hold up to 10 million barrels on the 431 acre site Late 2016 $600 million The company plans to significantly expand phase one of its operations over the next five years

Location:

Products: Capacity:

Construction/ expansion/ acquisition: Investment: Comment:

Colorado Crude oil 200,000 barrels Construction/expansion/acquisition: The acquisition of UET Midstream includes a substantially completed terminals and development property $76.6 million The terminal has room for additional capacity and the development property is permitted to build a new crude injection terminal

JUNE/JULY 2016 VOLUME 12 ISSUE NO.3

TANK TERMINAL UPDATE

Tank terminal update: The Americas PFB Logistics

Watco Companies

Location:

Products:

Construction/ expansion/ acquisition:

Comment:

Location:

San Luis Potosi, Mexico

Refined products

Products:

A variety of different commodities

Capacity:

The acquisition of four terminals increases PBFX’s total capacity to 8.1 million shell barrels

Completion date: Investment:

Greater Philadelphia

300,000 barrels

Construction/ expansion/ acquisition:

Second quarter of 2016

Comment

Investment: $100 million

The new public, unit train liquid fuels terminal will have the capability to unload (1) unit train per day in phase 1 Operations are scheduled to start at the end of 2016 or early 2017

The company will invest $5 million on improvements.

In the April/May edition of the tank terminal update: Middle East we incorrectly stated that Gulf Petrochem were constructing 45 tanks for the storage of specialty chemicals in Rotterdam. Gulf Petrochem is not involved in any construction project in Rotterdam. Gulf Petrochem are embarking on an expansion in Fujairah which involves the construction of 10 tanks for Class A products with a capacity of 243,280 m3. This expansion is due to start in June 2016. We apologise to Gulf Petrochem and are happy to make this clear.

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: jasmin@tankstoragemag.com.

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