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AquaChemie breaks ground on new petchems terminal in UAE

November 25/2020

MOSCOW (MRC) -- Chemical services company AquaChemie Middle East, part of the UAE-based AquaChemie Group, today broke ground on its petrochemical terminal in DP Worlds flagship, Jebel Ali Port, Dubai, said Chemweek.

The specialized bulk storage terminal will have a total envisaged capacity of around 40,000 CBM, out of which 35,000 CBM will be in bulk storage tanks and about 5,000 CBM in ISO tanks and drums. The $40 million project aims to boost the growing petrochemical trade between manufacturers and end-users in the Middle East and the world, while also addressing the acute shortage of storage facilities for redistribution and lease for bulk chemicals in Jebel Ali Port.

Scheduled for construction completion by early Q2 2022, the terminal is designed to store flammable chemicals, up to NFPA Class 1B. Over 100 chemicals of UN Class3 hazardous classification or non-hazardous chemicals can be stored in the facilitys nitrogen blanketed tanks. AquaChemie Middle East targets revenue of around USD400 million from the petrochemical terminal business in the next 7 years. Matt MacDonald, global engineering, management, and development consultancy, is responsible for the design, engineering, and project management.

The entire AquaChemie team and I are eagerly waiting for this project to come into reality in the next 16-18 months time. This terminal project is a huge step for AquaChemie; to become one of the prominent players in the petrochemical business in the region, V. Anandkumar, Partner and Director at AquaChemie Middle East 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, Subrato Saha, Co-Founder and Director of AquaChemie Middle East, said.

According to Saha, the new terminal will serve as a one-stop solution for sourcing raw materials and processing chemicals for several industries and is poised to service sectors like oil and gas downstream, fine chemicals, fertilizer plants, paints and coatings, pharma, agrochemicals, textiles, and other industrial products.

As MRC informed earlier, Japanese multinational, through its subsidiary Kurita Europe GmbH, an international leader in waterprocess specialty chemicals, and UAE-based AquaChemie DMCC, a leading regional process industry player, have signed a strategic agreement to set up a joint venture company, under the name of Kurita AquaChemie.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,594,510 tonnes in the first nine months of 2020, up by 1% year on year. Only high denstiy polyethylene (HDPE) shipments increased. At the same time, PP shipments to the Russian market reached 880,130 tonnes in the nine months of 2020 (calculated using the formula: production minus exports plus imports, excluding producers' inventories as of 1 January, 2020). Supply increased exclusively of PP random copolymer.

AquaChemie was established in Dubai, UAE, in late 2008. Since then, it has expanded its operation all across the GCC region, with a strategic presence in Hong Kong. AquaChemie DMCC is its flagship company, managing the chemicals business. AquaChemie is into specialty chemicals manufacturing, sales, distribution, services, and bulk terminal operation. It has corporate offices, manufacturing facilities, bulk storage terminal, warehouses, a fleet of ISO tanks, and operation skids in GCC countries. With a team of over 120 people, driven by expertise, experience, and ethics, AquaChemie is one of the fastest-growing chemicals companies in the Middle East.
Author:Anna Larionova
Tags:petroleum products, PP, PE, neftegaz, petrochemistry.
Category:General News
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