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Simon Storage expands biofuels capacity
10th April, 2008
Simon Storage will create an additional 50,500 m3 of biofuels storage
Inter Pipeline Europe, the holding company behind Simon Storage, has authorised a multi-million pound construction programme to provide an additional 50,500m3 of tankage across the two terminals.
The new carbon steel tanks at Immingham will comprise four 7,500m3 tanks and one 5,500m3 tank at the East Terminal and three 5,000 m3 tanks at Immingham West. Simon's in-house engineering projects team is overseeing all design works and ground preparation activities, which are already underway.
After a competitive tendering process, the mechanical construction contract has been awarded to Fenelon, one of UK and Ireland's leading storage tank construction contractors. The new tanks can be equipped with a suitable internal coating for bioethanol use.
In addition, the construction, associated fittings and tank bunds will be designed and built in full compliance with the safety and environmental recommendations of the Buncefield Standards Task Group (BSTG). The BSTG's Final Report specifies minimum expected standards for the design and operation of fuel storage sites in the light of the incident at the Buncefield oil storage depot in 2005.
Simon Storage has experienced a steady rise in biofuels storage at all of its east coast UK terminals in the run up to the introduction of the UK's RTFO in April, and this now represents around 18% of the company's turnover.
'The new tanks are being designed specifically to meet this demand and we're already in discussion with a number of parties which are interested in securing these new storage facilities, which will become available from early 2009 onwards,' Richard Sammons, CEO of Simon Storage, comments.
Simon Storage manages third party facilities and has nine terminals and a total owned storage capacity of 1.25 million m3. Simon Storage's terminals are all sea or major inland waterway connected, with several rail connected. Simon handles a variety of products, including conventional hydrocarbon and alternative fuels.
