By Andy Sambidge
Company announces investment in liquid and solid cargo facility at Hamriyah Free Zone
Indian-owned Hazel International will invest $126.45 million to open a facility that will provide liquid and solid cargo handling at Hamriyah Free Zone Authority (HFZA) in Sharjah.
The group, owned by Veritas (India) Limited, performed a ground breaking ceremony this week on the terminal project which will store chemicals, petrochemicals, base oils, bitumen, vegetable oil, gases, liquified gases, ethanol, bio-fuels, edible oils. Besides storage, the terminal will provide facilities like distillation, extraction, hydrogenation and fractionation.
It will be operational within 18 months, Hazel said in a statement.
"We welcome Hazel International to our fraternity. Our goal is creating a robust business environment by meeting the needs and demands of its investors. Today HFZA has emerged as the second largest hub for petrochemicals, oil & gas bunkering and storage in the UAE," said Saud Al Mazrouei, director of HFZA.
Hazel has been awarded 30,000 square metres of land in the tank terminal area of HFZA to develop the facility, he said.
S Mukherjee, terminal manager, added: "This will be a state-of-art terminal. No terminal in the Middle East has this capability. This facility of distillation will be unique and first of its kind in the region.
"Our primary objective is to provide complete end-to-end solution for liquid and solid cargo handling at Hamriyah port including fully integrated drumming services, re-packaging services and processing of liquids through distillation, blending, and providing complete state of the art warehousing system to cater to." Mukherjee said.
Four pipelines will be constructed from jetty to terminal which will feature 30 tanks, with a total capacity of 180,000 cubic metres.
Hamriyah Free Zone houses 5,700 companies from across 155 nations, welcoming foreign investment from more than 500 industries in the key sectors of oil & gas, petrochemicals, maritime, steel, construction, and food.construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.