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Everywhere in the world, storage terminals hold products that require special attention: Oil. Gas. Chemicals. Bitumen. Plus all kinds of other liquids and half-solids. This complex business has many different stakeholders and partakers: Terminal operators. Stock owners. Transport agencies. Tax officials. And many others.
To make the most of their operations, all of these entities must work together fluidly, transparently and collaboratively. Key to this is data. The more accurate and accessible it is, the better the storage units can organize the keeping, fetching and delivering of the products they hold. As the tank farms are central hubs in the downstream supply chain, their capacity to work smoothly and efficiently is vital for all follow-up processes.
As the industry’s big players focus on the areas in which they excel the most, they sell the remaining parts of their businesses to independent players and other market participants. Consequently, the supply chain becomes increasingly fragmented; and the number of agents involved in the journey from the refinery to the storage plant to the end consumer increases drastically. This calls for open architectures and shared standards. Also, it calls for terminal management systems that are quick and open to connect with third-party software, hardware and interfaces.
During the COVID-19 pandemic, travel restrictions and remote work have led to a drastic decline of fuel demand. The result: The refineries produced more product than needed, and the storage facilities maxed out quickly. For those offering storage space, this situation is more favorable than for those needing storage space. Still, all facilities – be it stand-alone terminals or terminals attached to refineries – must ensure that their processes and operations are fit to master the volume. Plus, they must be prepared to act swiftly once the stored product is required in the market again.
Our feature-rich terminal management system supporting all means of transport.
Learn more about fully cloud-based terminal management.
An across-the-board architecture of micro-services out of the cloud.
Providing a real-time overview of a refinery's net production.
Our reliable tool for accurate quantity conversion of petroleum products.
Our innovative solution to digitize field equipment in railcar loading.