International Finance
Ports and Shipping

AquaChemie to develop $40 mn chemical terminal in UAE

AquaChemie UAE
To be developed at Jebel Ali Port in Dubai, the facility will serve as a strategic gateway to facilitate chemical trade across GCC

AquaChemie Middle East, a regional chemical distributor, will develop a chemical terminal facility at Jebel Ali Port in the UAE with an investment of around $40 million, according to local media reports.

Once operational, the chemical facility developed by AquaChemie will serve as a strategic gateway that will facilitate smoother chemical trade within the UAE and across the GCC nations.

The facility will also boost the global petrochemical market which is valued at around $539.3 billion.

It will have bulk storage tanks for liquid hydrocarbons chemical processing units, automated drumming lines, warehousing and storage facilities, dedicated road tankers and large trailer truck fleet, pump house and main hose exchange station, separate road tanker entrance with weigh bridge, loading and unloading ramp for forklift operation, and an office block with control rooms.

According to media reports, AquaChemie has signed a deal with Mott MacDonalds-an employee-owned management, engineering, and development consultancy. According to the deal, the UK-based consultancy firm will be providing design, engineering and project management services for the strategic facility.

With regard to the project in the UAE, V Anandkumar, co-founder and director of AquaChemie Middle East, told the media, “The project will serve as a catalyst to boost petrochemical trade between manufacturers in the region and end-users anywhere in the globe. In addition to serving as a sales channel, the project will also allow regional petrochemical majors to market their various product lines in drums or intermediate bulk containers for distribution to the tertiary chemical industry.”

He also pointed out that the project will also serve as a regional hub for other global trading partners to ship economically, in bulk and distribute in smaller packaging.

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