Fuel storage firms merge to develop alternative fuel storage systems

The newly formed Global Energy Storage Group will develop storage infrastructure for LPG, LNG, ammonia and biofuels.

PHOTO: Global Petro Storage's (GPS) LPG storage facility in Port Klang Malaysia. GES Group

Several shipping companies and ports around the world are working to accelerate the switch to alternative fuels. To move the industry's transition forward, a strong supply chain and storage infrastructure are needed.

Global Energy Storage Group (GES Group) says it will develop storage infrastructure for alternative fuels like ammonia and other alternative fuels in ports, to meet growing demand for sustainable fuels.

GES Group has been formed through a merger between Global Energy Storage (GES) and Global Petro Storage (GPS), and has fuel storage terminals across Rotterdam, Amsterdam, Hamriyah and Port Klang.

It plans on developing infrastructure for not only storing biofuel, ammonia, and hydrogen, but also producing green and blue hydrogen and synthetic fuels in Port of Rotterdam.

The company plans to add to the existing 20 storage tanks at Amsterdam, which currently store oil, gas and biofuels.

It has also built a fuels and petrochemicals storage facility in Port Hamriyah in the UAE and commissioned an LPG storage terminal in Port Klang in Malaysia.

“We see substantial growth opportunities for LPG in Asian markets but also elsewhere. We believe that LPG can be an important transition fuel as we develop new infrastructure to accommodate future fuels such as ammonia,” says GES Group chief executive Peter Vucins.

The company will also explore logistics arrangements for transporting carbon dioxide.

By Konica Bhatt

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