Peninsula, the world’s leading hybrid marine fuels supplier, and Evos, a European independent liquid energy and chemicals storage company, have signed a Memorandum of Understanding (MOU) to jointly progress the development of dedicated biofuel storage infrastructure at Evos’ terminal in the Port of Algeciras. The proposed Evos expansion includes plans to develop up to 60,000 cubic metres of storage capacity, fully allocated to Peninsula to support the expansion of its biofuels supply chain in the region. Located at the Strait of Gibraltar, one of the world’s busiest maritime corridors, the Evos Algeciras expansion project is intended to strengthen infrastructure for the energy transition in shipping. It will provide dedicated storage and h…

Comment by David Wendel, managing director ETS Degassing Emergencies at industrial facilities such as ports, tank farms, refineries, chemical and petrochemical plants, or during the transport of hazardous goods occur without warning. A pipeline leak, a gas tanker incident, a tank truck accident, derailed rail tank cars, or an unplanned plant shutdown – any of these situations can result in the uncontrolled release of gases and vapours, posing significant risks to human health and the environment within a very short period of time. The key priority is to capture escaping pollutants, treat them in a controlled manner, and prevent their release into the atmosphere. Uncontrolled emissions can become particularly hazardous when dealing with vol…

The Three Seas Initiative Investment Fund (3SIIF) has invested in Bioforce, Estonia's largest biomethane producer, operator and distributor, to support the company's expansion into Poland and Latvia and accelerate the growth of renewable gas production across Central and Eastern Europe. Bioforce currently holds an estimated 40 percent share of Estonia's biomethane market and operates three production facilities in the country. A fourth plant is in the initial commissioning phase, bringing the company's combined production capacity to more than 250 GWh of biomethane annually. The investment will provide Bioforce with capital to develop a pipeline of greenfield biomethane projects in Poland and the Baltic region. The planned expansion is exp…

TotalEnergies and Eni have approved the Final Investment Decision (FID) for the development of the Cronos gas field in Cyprus' offshore Block 6, marking a key milestone for what will become the country's first gas development project. The Cronos field, discovered in 2022 and successfully appraised in 2024, is jointly owned by TotalEnergies (50 percent) and Eni (50 percent), with Eni serving as operator. Located approximately 185 kilometres southwest of Cyprus in deep offshore waters, the project will be developed through four subsea wells. Under the development plan, natural gas will be transported via a subsea pipeline from Cypriot waters to Egypt, where it will be processed and liquefied at the Damietta LNG terminal before being exported…

Liquin, a chemical and biofuel tank storage and logistics provider, has successfully refinanced its debt facilities, establishing a diversified and scalable funding structure designed to support its long-term growth ambitions. The refinancing combines commitments from a range of US Private Placement (USPP) lenders and commercial banks, providing the company with a long-dated maturity profile and increased financial flexibility. The transaction reflects continued institutional confidence in Liquin's business strategy and future growth prospects. The new funding structure is expected to support Liquin's strategic objective of strengthening its position as a preferred partner for customers and employees while enabling continued investment acr…