Top 100 Tank Storage Influencers Guide

Can you provide an overview of TR3 Consulting Ltd and its role in the tank storage industry?

TR3 Consulting Ltd offers expert advice, assistance and consultancy in all matters relating to Bulk Liquid Storage facilities / Tank Storage terminals, particularly in the UK and across Europe. Particular areas of expertise include assistance with acquisitions and disposals and associated due diligence, corporate governance review and oversight, strategic planning and review, operational and technical review and optimisation, revenue and cost optimisation, assistance with commissioning and decommissioning of tank storage terminals and assistance with obtaining licenses, permissions and consents.

As the Managing Director of TR3 Consulting Ltd, what are your primary responsibilities and areas of expertise?

My vision for TR3 Consulting is for it to be the first port of call for tank storage Companies looking for expert advice and assistance

How did you become involved in the tank storage industry, and what motivated you to establish TR3 Consulting Ltd?

After a career spanning more than 33 years with one of Europe’s leading tank storage Companies, Inter Terminals, I decided to step down as CEO of Inter Terminals in December 2020. Realising that I had accumulated considerable knowledge and skills with the safe and efficient operation of tank storage terminals and also with the expansion of Inter Terminals by acquiring additional terminals across Europe, I felt that I still had much to offer the sector. I established TR3 Consulting in 2021 and began to offer my expertise and assistance to tank storage terminals across Europe and beyond

What are the main services or solutions that TR3 Consulting Ltd offers to its clients in the tank storage sector?

See 1 above.

In your opinion, what are the key challenges or trends currently impacting the tank storage industry?

There are a number of challenges facing the sector, but without doubt, the 2 key challenges impacting the global tank storage industry are energy transition and the growing need to improve energy resilience in the face of global economic uncertainty and volatility. There are significant opportunities for tank storage companies who are prepared to seize the initiative and invest for the future in order to store and distribute the energy transition products that are currently being trialled and used as alternatives to conventional fossil fuels and also emerging energy products for the future. Terminals need to improve the flexibility of their assets and service offering in order to accommodate this and inevitably this will be easier and more cost effective for existing multi purpose terminals as compared to dedicated fossil fuels terminal. Additionally, skills and competence within the terminal’s workforce will need to be improved to cope with transition change and new products.

Examples of energy transition products being used and trialled now include bio-diesel, bio-ethanol, sustainable aviation fuel (SAF), HVO (Hydro Treated Vegetable Oil), a drop in replacement for conventional diesel fuel, methanol and ammonia, being trialled in marine engines and also LNG, also being used successfully in large marine engines. As these products are all alternative fuel products, they need to be stored at terminals currently equipped to handle fossil fuels, eg gasoline, diesel, kerosene and bunker fuel. To do this, significant modifications and investments may be necessary to allow these products to be stored alongside conventional fuels at the same terminals, recognising that gasoline, diesel, kerosene etc are all products that will continue to be used for many years to come. Careful strategic planning is required to assess what investments will provide the best return on investment.

For example, converting tanks to store HVO or methanol will typically require a considerably lower investment than new bespoke facilities to storage and handle LNG and hydrogen.

Storing and handling both conventional fuels and energy transition products and fuels simultaneously may lead to the requirement for additional tanks as well as converting existing tanks for new products and again careful strategic planning to assess what investments will provide the best return on investment is key to successful expansion of tank storage terminals.

The geographical location of tank storage terminals has always been key to success and the energy transition journey to net zero won’t change this. Terminals located in major trading or distribution hubs eg ARA (Antwerp, Rotterdam, Amsterdam, will remain key geographies to providing tank terminals for the future.

Political and economic unrest has caused many Governments to assess their Country’s energy resilience and to seek to improve resilience, source of supply and compulsory stocking obligations. This also provides opportunities for tank storage Companies to fill their tanks with both conventional fuels and also fuels for the future.

Can you share any notable projects or success stories where TR3 Consulting Ltd has made a significant impact on tank storage operations or efficiency?

Notable projects to date have included assisting a Company establish itself in a new Country, recommissioning and converting a redundant tank storage terminal to import, store and redeliver energy transition products and also assistance with strategic reviews of  major European tank storage Companies as they seek to formulate their strategic direction in the face of energy transition and the journey to net zero

How does TR3 Consulting Ltd stay updated on the latest advancements and innovations in tank storage technologies and practices?

I am a director of and remain closely connected to the UK Tank Storage Association (TSA), which keeps me closely connected to the sector. Significant information is also available from very professional trade publications, including Storage Terminals Magazine and Tank News International.

Looking ahead, what are your future plans or aspirations for TR3 Consulting Ltd in terms of growth and further contributing to the tank storage sector?

There will always be a need for tank storage terminals to receive, store and redeliver the products and fuels that we all need for our every day lives. The use of tank storage terminals has always varied, usually because of changes to markets and demands. The future however is an exciting one as the sector embraces energy transition and the journey to net zero. There are many key attributes that successful tank storage companies need to have and certainly one of them is skill and expertise. I have accumulated significant skills and expertise during my long and hugely enjoyable career in the tank storage industry and I look forward to continuing to sharing those skills with the European tank storage sector.