If governments push to reduce fuel consumption to limit global warming, the global oil demand will
be reduced.
To tackle greenhouse gas emissions by electrifying transport and industry the oil consumption
would begin a steep drop as early as 2023. Is that the beginning of overcapacity in the tank
storage industry?
Will all those petroleum tanks and terminals be converted to store biofuels and ammonia or LNG?
We might be at a turn and we don’t even realize it.
Still, we see terminals being built to store the conventional products like gasoil & gasoline.
Terminals are built for a 50-70 year lifespan but in the coming 50 years we expect a major change.

(Source: partly from Odin RVB Europe)