Sign up
Log in Sign up
Thu 28 Oct 2010, 08:14 GMT

Fujairah terminal to 'spearhead' future growth


Gulf Petrochem says terminal expansion project will provide it with a 'strategic advantage' to enter the bunkering arena.

UAE-based Gulf Petrochem says that its new oil terminal in Fujairah will drive future growth for the company as it moves forward with plans to expand its infrastructure.

The company recently announced the start of construction of the first phase its oil terminal in Fujairah, UAE comprising of 17 tanks with a total capacity of 412,000 cubic metres (cbm). The first phase is due to be commissioned in the second quarter of 2012 and subsequent phases will take the full capacity to 1.2 million cbm.

The terminal will feature dock pipeline connectivity to the Port of Fujairah, a pigging system for all dock pipelines, operational flexibility to handle Class A, B, C products in all tanks, a road tanker unloading and loading facility and will be built to NFPA standards, including all support systems such as OWS, ETP and compressor station.

The EPC (engineering, procurement and construction) contract was awarded in June 2010 to Topaz Engineering, through its subsidiary Nico International Hydrospace. Mott MacDonald was appointed project management consultant and given the task of overseeing the entire development.

Once completed, the new terminal will enable Gulf Petrochem to provide independent storage services for its liquid petroleum products and for customers at one of the world's leading bunkering ports.

Gulf Petrochem’s Chief Executive Harsh Sinha said, “We have identified our oil terminal SBU as the spearhead of our growth and have planned investments in its infrastructure in different parts of the world beginning with UAE. Gulf Petrochem, with its existing oil terminal at Hamriyah and upcoming terminal in Fujairah and India, has a strategic advantage to enter the bunkering arena as part of the expansion of its operations in Middle East.”

"[The] ongoing project in Fujairah clearly indicates the company’s long term vision and commitment to establish itself as an active player in oil & trading industry in the Asia-Middle East region," Gulf Petrochem said in a statement.

In addition to handling trading operations from the UAE and India, Gulf Petrochem has recently opened its office in Singapore in order to expand its business in fuel oil, base oil and bitumen trading.

As Prerit Goel continues to head the trading team, Kalrav Dixit, Jairaj Amin and Nikharv Shah handle trading operations from the UAE, Singapore and India respectively. These professionals have years of experience in oil trading and bunkering.

Based in Hamriyah Free Zone of Sharjah, UAE, Gulf Petrochem currently has four strategic business units comprising of oil refining, oil terminal, oil trading and grease manufacturing.

It has state-of-the-art PLC-based refinery, a condensate splitter, the UAE’s largest grease manufacturing plant and an existing oil terminal with 14 tanks with a total capacity of 35,000cbm at Hamriyah Free Zone.

The company’s trading focus is on fuel oil, gas oil, base oil, bitumen and its emulsions and solvents.

Hapag-Lloyd and DSV logo side by side. Hapag-Lloyd and DSV sign 18,000-tonne CO2e reduction agreement for sustainable marine fuels  

Two-year framework allows inclusion of alternative fuels beyond biofuels in shipping decarbonisation partnership.
Bangkok city skyline. Uni-Fuels opens Thailand office as part of Southeast Asia expansion  

Marine fuel supplier establishes Bangkok entity, appoints managing director with 15 years’ industry experience.
Washington State Hybrid-Electric 160-Auto Ferry vessel render. Corvus Energy to supply battery systems for Washington State Ferries hybrid vessels  

ABB selects Corvus for two new 160-vehicle ferries as part of $3.98bn electrification plan.
Vinssen and Mana Engineering sign MoU. Vinssen, Mana Engineering partner on hydrogen fuel cell retrofit for 800-teu feeder vessel  

South Korean and Dutch firms to pursue Lloyd’s Register approval for hybrid retrofit concept.
Hercules Elisabeth vessel. Hercules Tanker Management takes delivery of second Ultra-Spec vessel in China  

Hercules Elisabeth is the second of 10 hybrid-ready tankers designed for alternative fuels.
Wolf 1 vessel. Petrol Ofisi launches fuel supply tanker Wolf 1  

Turkish bunker supplier adds 1,750-dwt vessel with alternative fuel infrastructure to fleet.
BIMCO meeting. BIMCO to convene for adoption of biofuel clause and ETS provisions at February meeting  

Documentary Committee to consider new contractual frameworks for alternative fuels and emission trading scheme compliance.
Sea Change II vessel render. Incat Crowther and Switch Maritime develop 150-passenger hydrogen ferry for New York  

Design work begins on 28-metre vessel with 720 kg hydrogen capacity and 25-knot speed.
Aerial view of a container vessel. HIF Global signs heads of agreement with German eFuel One for 100,000 tonnes of e-methanol annually  

Deal covers supply from HIF’s Uruguay project, with e-methanol meeting EU RED III standards.
Welcoming of Kota Odyssey at Jordan’s Aqaba Container Terminal. PIL’s LNG-powered vessel makes maiden call at Jordan’s Aqaba port  

Kota Odyssey is Pacific International Lines’ first LNG-fuelled ship to call at the Red Sea port.




 Recommended