UAE – Mubasher: AquaChemie Middle East, a part of the UAE-based AquaChemie Group, has laid the foundation stone for its AED 150 million ($40 million) petrochemical terminal in DP World’s Jebel Ali Port in Dubai.
The project of AquaChemie Middle East, a chemical sales and services company, will facilitate the growing petrochemical trade between manufacturers and end-users in the Middle East and globally, according to a press release on Monday.
With a total capacity of about 40,000 cubic metres, the terminal will also tackle the shortage of storage facilities for redistribution and lease for bulk chemicals in Jebel Ali Port.
With construction expected to be completed by the early second quarter (Q2) of 2022, the bulk storage terminal will be a fully integrated distribution centre, which will handle bulk imports and packed chemicals at a high volume.
Meanwhile, the 20,000 sqm facility can store flammable chemicals, up to NFPA Class 1B.
The petrochemical terminal is targeted to generate revenues of around $400 million in the next seven years.
Matt MacDonald is responsible for the project's design, engineering, and management.
The CEO and Managing Director of DP World UAE Region and CEO of Jafza, Mohammed Al Muallem, commented: "Jebel Ali Port and Jafza’s combined capabilities as an integrated hub that offers multimodal connectivity, caters to the extensive demand of the industry at the local and international level."
Meanwhile, the Co-Founder and Director of AquaChemie Middle East, Subrato Saha, said: "Being associated with the petrochemicals industry for over three decades, I am excited to soon play a direct role in the distribution of additional 100-150 KTA (Kilo tonnes per annum) of over 50 petrochemicals globally."