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Tank Storage Firms Bulk Up

7:00 AM MDT | August 6, 2007 | Esther D’Amico

Chemical tank storage providers continue to benefit from strong demand, especially amid increasing chemical production in China and the Mideast. Europe and North America are importing much of that production, which has increased the need for bulk storage firms to take delivery of these products, major storage firms say. In response, these firms have expanded capacity and made acquisitions, and most forecast steady growth for their sector through year-end. Global demand for storage capacity was higher in 2006 than in 2005, says Vopak (Rotterdam), the largest...

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