ARIA Commodities has announced that it would invest AED154 million ($41.93 million) in building four eco-friendly and sustainable plants in Hamriyah Free Zone (HFZ).
The company, which specialises in the field of asphalt and distillates and storage infrastructure development, is planning a bitumen plant, a refinery, a tire cycling plant, and a storage terminal.
ARIA signed an agreement with the HFZ Authority (HFZA), under which it would lease three additional plots of land in the free zone. It will now have total of five plots with a combined area of 540,000 square feet.
The four new facilities are being designed in such a way that they adhere to global sustainability standards. This supports the company’s commitment to renewable energy and will contribute to the UAE’s goal of Net Zero 2050.
Lauding ARIA’s expansion plans, Saud Salim Al Mazrouei, HFZA Director, stressed that the new investments will bolster Sharjah’s strategy which seeks to develop solutions, services, and products that cement sustainable growth and advance the local economy.
“ARIA’s new plants will be eco-friendly. Not only will the four plants improve the optimum use of natural resources, but they will also help reduce industrial waste and extend the life cycle of materials and products by adopting environmentally friendly measures,” Al Mazrouei said.
“In addition to enhancing the value of products made in the UAE, they will help meet the growing demands of key sectors on which the national economy of the country is based, such as construction, chemical industries, roads, maritime transport, petroleum products, and logistics services for the aviation sector.”
Mirat Bhadlawala, CEO for the Energy Business and Chief Optimisation Officer, said ARIA aims to be a one-stop-shop in the road and civil construction, manufacturing, and trading of distillates.
He said the decision to base the plants in HFZA supports their global ambitions and added: “The free zone is strategically located as an oil zone with multi-dimensional infrastructure catering to the UAE holistically, with the north and south within an equidistant reach and the port infrastructure helping us not just to serve the UAE, but also rest of the world.”
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