Need Oil Storage? One Firm Suggests Bagging It Like Boxed Wine

  • Bitumen, asphalt and base oils can be stored in giant bags
  • So-called flexitanks made of polyethylene can hold 147 barrels
Oil Storage Facilities Start Filling Up in U.S., Prices Fall
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With oil storage tanks stuffed from Savannah to San Francisco, one company is proposing a novel solution for stowing your excess barrels of bitumen, asphalt and grease: Stick it in a bag.

“Think of wine in a box, and that’s basically it,” said Lynn Stacy III, managing director of OEC Group Liquid Logistics Solutions.