Dubai-based AquaChemie Middle East has announced plans to build a chemical terminal facility at Jebel Ali Port in the emirate.
Estimated to cost AED150 million ($40 million), the facility will serve as a strategic gateway hub to enable vital petrochemical trade across the GCC region and beyond, the company said in a statement.
The new facility will benefit the global petrochemicals market valued at $539.3 billion in general and the UAE in particular, it added.
AquaChemie Middle East said it has signed up Mott MacDonald for the design, engineering and project management of the chemical terminal, which is scheduled to be commissioned by mid-2021.
The new chemical terminal will leverage its prime site location at Jebel Ali Port operated by DP World, including multiple jetty pipelines, along with other crucial existing utility and building support infrastructure, the statement said.
V Anandkumar, co-founder and director of AquaChemie Middle East, said: “The project will serve as a catalyst to boost petrochemical trade between manufacturers in the region and end-users anywhere in the globe. In addition to serving as a sales channel, the project will also allow regional petrochemical majors to market their various product lines in drums or intermediate bulk containers for distribution to the tertiary chemical industry.
“The project will also serve as a regional hub for other global trading partners to ship economically, in bulk and distribute in smaller packaging, while AquaChemie Middle East will take stock position based on attractive spot deals to meet spread-out demand of the market.”
Subrato Saha, also co-founder and director of AquaChemie Middle East, added that the company will employ around 100 people locally in two years’ time and will double its employees’ base by the year 2025.
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