Strategic Rationale

The acquisition of Primetime Storage Tanks in 2024 was a pivotal step for AVDS to solidify its leadership in the global energy storage and logistics market. By integrating Primetime’s extensive infrastructure, including Terminals with over 10.7 million barrels of storage capacity, AVDS significantly expanded its ability to serve clients across North America, Europe, and Asia.

This strategic move aligns with the growing demand for aboveground storage tanks, projected to grow at a 5.2% CAGR through 2034, driven by the need for secure storage of petroleum, chemicals, and sustainable fuels.

  • Market Expansion: Strengthened presence in key energy hubs, complementing AVDS’s terminals in Jurong, Kuantan, and Qingdao.
  • Sustainability Focus: Enhanced capacity for biofuel and hydrogen storage to support the energy transition.
  • Client-Centric Growth: Increased flexibility to meet diverse client needs with advanced storage solutions.
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AVDS Primetime Acquisition Overview

Operational Benefits

Primetime Storage Tanks Infrastructure

The Primetime acquisition brought significant operational enhancements to AVDS, enabling us to deliver superior service while maintaining our commitment to safety and efficiency.

  • Increased Storage Capacity: Added 80,000 m³ of storage, including 231 tanks, capable of handling crude oil, jet fuel, and biofuels.
  • Advanced Technology: Integrated Primetime’s blending, heating, and IoT sensor systems, improving product quality and operational efficiency.
  • Strategic Connectivity: Enhanced access to ship docks, barge docks, and pipeline networks, streamlining global distribution.
  • Safety and Compliance: Adopted Primetime’s EPA-compliant leak detection and fire suppression systems, reinforcing AVDS’s safety-first approach.
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Future Opportunities

The Primetime acquisition positions AVDS to capitalize on emerging trends in the energy sector, particularly in sustainability and innovation, as we work toward net-zero emissions by 2030.

  • Sustainable Fuel Expansion: Plans to dedicate 50,000 m³ to hydrogen and ammonia storage by 2027, supporting green energy supply chains.
  • Global Scalability: Opportunities to develop new terminals in Asia and North America, leveraging Primetime’s infrastructure.
  • Technological Innovation: Continued investment in IoT and AI to optimize tank management and reduce emissions.
  • Market Leadership: Strengthened position in the $11.9 billion aboveground storage tanks market, with a focus on eco-friendly materials and designs.
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