ATS, a UAE-based logistics company catering to the global shipping, logistics and marine industries, has doubled the capacity of its liquid storage terminal at Sharjah’s Hamriyah Free Zone as part of an estimated AED 100 million (US$ 27m) investment in the facility.
The state-of-art liquid storage terminal has increased capacity from its initial 22,000 cubic meters to 42,000 cubic meters for storing petrochemicals, solvents, petroleum products, vegetable oil and other liquids. Phase one and two of ATS Terminal FZE’s liquid storage facility, which houses 12 storage tanks, currently utilises 30 percent of the company’s plot in the free zone, but there are plans to increase capacity again in the near future.
The company expects to begin phase three of the Hamriyah liquid storage project in 2016, expanding capacity to 60,000 cubic meters. A fourth phase planned for 2017 will expand capacity further, bringing the total investment in the facility to AED 100 million (US$ 27m).
ATS Terminal currently has six piggable pipelines (SS and MS) from Hamriyah port’s deep harbour and inner harbours and is equipped to handle, store and distribute Class 1, 2 and 3 flammable and combustible liquid products.
According to ATS, Hamriyah port’s dedicated deepwater berth makes it an ideal hub for break-bulk, transshipments and redistribution to the Middle East, the Indian subcontinent and East Africa region. The company’s customer portfolio includes international oil traders, major oil companies, petrochemical producers, local fuel distributors and bunker suppliers.
Meanwhile, a subsidiary of Indian conglomerate Veritas (India) Limited (VIL) began construction of a new 30,000 square meter liquid and solid cargo handling terminal at Hamriyah Free Zone in 2014 at a cost of US$ 126.45 million (AED 464.5m).
Authorities expect that the development of new liquid storage facilities in the Hamriyah Free Zone will soon make the zone the second largest hub for petrochemicals, oil and gas bunkering and storage in the UAE.
Hamriyah Free Zone houses over 6,200 companies from 157 countries, welcoming foreign investment from more than 500 industries in key sectors of oil and gas, petrochemicals, maritime, steel, construction and food.
Source: WAM, media