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Advario

Bas Verkooijen , CEO at liquid energy storage expert Advario , reveals how the business is enabling the energy transition

Could you describe how Advario came to be where it is today ?

Advario is a carve-out from Oiltanking , which is a company that has been active for more than 50 years and has a strong reputation in the global storage industry . Two years ago , we conducted a strategy review at Oiltanking , taking a closer look at macrotrends that we saw in the industry . We saw three big trends , the first one being that the energy industry and its supply-demand patterns are changing . We see that the demand for oil is declining , chemicals and gases continue to grow , and we see accelerated growth in alternative energy . The second thing that we saw is that climate change is evident – what used to be a concern is now a reality . We have an ambition to play a frontrunner role in our industry ’ s transformation for the energy transition . And thirdly , we saw that ESG can no longer merely be an addon to a company ’ s activities . Rather , ESG has a central role to play in protecting a company ’ s license to operate . If you want to attract talent , or have the right financing , or build long-term customer relationships , you need to embed ESG in the way you do business rather than see it as a hygiene factor .

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