Learn how to beat the competition at this year's StocExpo Europe
 
Mar 09, 2018
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Rotterdam, Netherlands --( ASIA TODAY )-- In a backward market, times are always that bit tougher for the storage industry. Storing products is far less appealing to traders as utilisation and rental rates are squeezed. Terminal operators must be able to offer customers impeccable customer service as well as diversified capabilities in order to stay ahead of the competition.

Speakers at this year’s StocExpo Europe will get a chance to hear from a wide range of speakers to learn how and where opportunities for growth still exist, how they can use environmental pressures to their benefit and how to ensure their customers never look anywhere else.

Growth opportunities

Paulo Nery, Senior Director for EMEA Oil, at internationally recognised data and intelligence provider Genscape will open the event in Rotterdam on 20th March. Delegates can expect to hear how increased imports from the Baltics and Russia can lead to new opportunities.

As a result of rising competitive pressures, Europe has experienced a significant amount of refinery consolidation, meaning imports to the region need to increase. This leads to an upsurge in demand for import infrastructure, particularly at the ports. The Port of Antwerp is just one example where storage capacity is increasing, with the likes of Noord Natie, ITC Rubis and Ineos all expanding their facilities.

Diversification

With new environmental regulations being implemented, along with the need to cater for a wider variety of renewable energy products, the storage sector has no choice but to adapt to meet these environmental challenges.
Expert speakers Onur Capan, Commercial Analytics Manager at VTTI and Cyril Widdershoven Senior Advisor for Geopolitics at Verocy will both look at how the IMO regulations will impact the storage sector and may actually provide a growth opportunity for terminal operators.

From January 2020, the maximum permissible sulphur limit in bunker fuels will drop from 3.5% to 0.5%, leading to a rise in demand for storage capacity for different fuel grades. Those terminals that are diversifying are going to gain the competitive edge - the facilities investing in high speed blending capabilities are going to be the ones that benefit from high throughputs and tank utilisation rates.

Cutting costs

Internet of Things (IoT) is the new buzzword at the moment, but what does it mean for storage?
Delegates will hear a case study from the Global Director of Digital Innovation at Vopak about how the world’s largest terminal operator is using IoT to improve its bottom line.
Vopak has been able to make an impressive 25% saving to its energy usage. It is also among the first in the industry to be able to predict anticipated future activities (i.e. heating, mixing etc) and their impact on energy
consumption.

Security & safety

The addition of new instrumentation & automation adds an additional risk to the terminal – that of cyber criminals. Any attack on a storage terminal could have a devastating effect – to the environment, employee safety, the company’s profits – not to mention its reputation.

Ruud Timmermans, Automation Engineer at VTTI will explain how terminals can protect themselves. Speaking alongside cyber security expert Marcel Jutte, Managing Director of Hudson Cybertec, he will look at which security controls terminals need to urgently implement, as well as how to train employees effectively.

Staying ahead

In between conference presentations delegates can take the opportunity to meet 200+ exhibitors and learn new technologies, new ideas & new practices to ensure they stay ahead of the game.

Storage is a seemingly stable business but there’s no place for complacency. A few years ago the terms drones, IoT & cyber security weren’t even present in a terminal operator’s vocabulary – now, they’re commonplace.

Competition is at its highest ever level, and those that aren’t moving forward will be the ones to lose out.

StocExpo Europe will be held in Rotterdam on 20-22nd March and full details can be found at www.stocexpo.com.

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