New energy storage company launches

The storage industry has a key role to play to progress the energy transition and partner with other players along the value chain to ensure undisrupted, secure access to low-carbon energy everywhere in the world. Advario’s strategy is focused on growing its business across three segments: chemicals, gas and increasingly, new energies. Starting with a global network of 13 strategically located terminals, in China, Europe, the Middle East, Singapore and the US, Advario aims to double its business by the end of the decade. Its strong commitment to sustainability will support customers and partners in reducing their carbon footprint, whilst materially growing the share of sustainable revenues. At launch, Advario has announced its commitment to achieving net zero operations by 2040 at the latest.

Bas Verkooijen, Advario CEO, says: “We are convinced that only through highly ambitious ESG standards we will achieve ‘better business’ for our partners, society and ourselves. For me this means that besides ambitiously growing our business, an equally important priority will be to operate our business with the highest care for our people, the communities we work in and the environment we live in.”

Advario recognises that the required systemic change of the energy sector is complex and can only be achieved through close collaboration by all players in the industry. By combining capabilities, sharing risks, and pursuing opportunities together, Advario places true, transformational partnerships at the forefront of its business strategy.

Verkooijen adds: “The tank storage industry has a key role to play in enabling the energy transition as well as supply security. Today we are making a bold step forward by launching – Advario – our new company that will be focused on growth in petrochemicals, gases and new energies and puts sustainability at the heart of what we do. I am proud that we as Advario are committed to achieving net zero operations, by 2040. With a team of 1200 highly committed storage experts, our strategic global network and our long legacy in the industry, we are very well placed to take up a frontrunner role in transforming our industry, together with our partners.”

Read the article online at: https://www.hydrocarbonengineering.com/tanks-terminals/05052022/new-energy-storage-company-launches/