The Tank Storage Association has released its 2020 Annual Review of the UK’s bulk liquid storage sector. Included is data on terminals, process safety, occupational health and safety as well as on the industry’s contribution to the economy.
To monitor industry performance and highlight potential emerging process safety issues, the report reveals ‘low levels’ of Tier 1 events which pertain to significant losses of containment, with one reported in 2019.
Now in its fifth year of publication, TSA president Paul Denmead described the Annual Review as an “incredibly valuable source of data and information” on the bulk liquid storage sector in the UK.
And Peter Davidson, executive director of the Tank Storage Association, underscored how in addition to valuable statistical information, this year’s report presents an overview of how the sector and associated logistics will have a “key role to play” in the energy transition and in supporting the achievement of the UK’s decarbonisation targets.
“We all know what an incredible tank storage sector we have in the UK. Looking ahead, we are determined to up the ante and continue leading from the front.”
Contribution to the UK economy
The report also provides key insights into the economical role the bulk liquid sector plays in the UK.
Key highlights include:
- £3bn revenue in 2019
- 3,790 employees in the UK and ROI (Including long term contractors)
- £607m planned investment in the next 5 years (In the UK and ROI)
Notes to editors
The Tank Storage Association (TSA) represents the interests of over 60 member companies engaged in the storage of bulk liquids and the provision of products and services to the sector. Collectively, its members operate 293 terminals and distribution hubs in the UK and have over 10 million cubic metres of storage capacity in the United Kingdom (UK) and Republic of Ireland (ROI). TSA’s members provide and support an essential interface between sea, road, rail and pipeline logistics for many different substances including transport and heating fuels, chemicals, animal feed and foodstuffs.