EMEA News
Gulf Petrochem Opens New Al Hamriya Terminal
United Arab Emirates (UAE)-based Gulf Petrochem Group (Gulf Petrochem) has announced in an emailed statement the October 29 opening of a new terminal in the Hamriyah Free Zone (HFZ).
The "state of the art" terminal is reported to have a total capacity of 203,888 cubic metres (cbm), with 37 tanks ranging from 1,700 to 11,200 cbm, and will handle a number of products including fuel oil, gas oil, and base oil.
Gulf Petrochem says the facility is intended to provide storage capacity needed for the increasing demand in the region, and will also be able to store numerous grades of petroleum products, including fuel oil, gas oil, base oil, bitumen, and naptha.
"Our storage terminal business has become an integral and significant business unit for the Group," said BM Bansal, a Gulf Petrochem board member.
"Complimented by our existing storage facilities in Fujairah, UAE and Pipavav, India our new terminal in Hamriyah will continue to enable us to service our customers within strategically located storage and trading hubs globally."
The terminal is said to be connected to the inner and outer harbours at Hamriyah Port and can be connected to "other key terminals" within the area.
"We remain committed to giving our valued customers the best possible infrastructure to help support their growth aspirations," said Saud Salim Al Mazrouei, director of the HFZ.
At the end of September, it was reported that Gulf Petrochem was planning to invest $80 million (Dh290.4 million) over the next year to expand its fuel storage capacity in Fujairah and East Africa.
* Note: A previous version of this story quoted arabiansupplychain.com information that incorrectly indicated the terminal will handle LNG.
