Zenith Energy to Remove Crude Oil in Favour of Renewable Fuels
09.28.2022 By Ella Keskin - NEWS

September 28, 2022 [Tank Store Mag] – Over the next five years, Zenith Energy has agreed to transition its Portland, US facility out of crude oil storage and to renewable fuels.

 

In replacing crude oil with renewable fuels, Zenith’s facility will aid the City of Portland in reaching its Climate Emergency Workplan goals and the 2035 Comprehensive Plan. The Climate Emergency Workplan sets out the actions which Portland needs to take to eliminate carbon emissions by 2050. This includes cutting Portland’s carbon emissions by 50% by 2030, and then by 2050, reducing carbon emissions to net zero. Portland’s Comprehensive Plan guides how and where land is developed, including infrastructure projects which will prepare for and react to population and job increases.

After initially being denied a land use compatibility statement by the City of Portland, Zenith Energy changed its plan from 50% renewable fuel storage in five years, to 100%. Following the five-year transition, 96.5% of the fuel stored in the Portland facility is set to be renewable. The remaining 3.5% would be aviation gasoline, which is not yet able to be converted into renewable fuel.

In a move to ensure a more sustainable future, Zenith Energy wishes to change to renewable fuels as they have 80% fewer carbon emissions, 33% less fine particulates, 30% fewer hydrocarbons and 24% less carbon monoxide.

The recent move comes after an announcement earlier this year, that Zenith would annually offset carbon emissions at its Portland and Long Beach terminal, by purchasing carbon offsets.

 


Pro Trial: Access 11,340 Tank Terminal and Production Facilities

11,340 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

10-year Treasury yield hovers close to highest level since April as investors await key jobs data
01.10.2025 - NEWS
U.S. Treasury yields hovered close to its highest level since April on Friday, as investo... Read More
Union dockworkers, port employers announce tentative deal at East Coast and Gulf ports
01.09.2025 - NEWS
State of Freight The tentative agreement is on all items for a new six-year mas... Read More
China's property market is expected to stabilize in 2025 — but stay subdued for years
10.30.2024 - NEWS
China’s struggling real estate sector may not start turning around until the sec... Read More
Harris will offer an alternative to Trump-era politics in closing argument speech
10.29.2024 - NEWS
1234534234 Democratic presidential nominee U.S. Vice President Kamala Harris walks to bo... Read More