SHARJAH – HAZEL International FZE (HIF), owned by Veritas (India) Limited (VIL), will invest US$ 126.45million to open a facility that will provide complete end-to-end solutions for liquid and solid cargo handling at Hamriyah Free Zone Authority (HFZA).
The group performed its ground breaking ceremony on Wednesday, 3rd September at an event that was attended by Mr Saud Al Mazrouei, Director of Hamriyah Free Zone (HFZA), Mr. Saurabh Sanghvi, Group Director of HIF, Mr. Rajaram Sanbhag, CFO of HIF and other top officials.
The terminal will have facilities to store chemicals, petrochemicals, base oils, bitumen, vegetable oil, gases, liquified gases, ethanol, bio-fuels, edible oils. Besides storage, the terminal will provide facilities like distillation, extraction, hydrogenation and fractionation.
“We welcome Hazel International to our fraternity. Our goal is creating a robust business environment by meeting the needs and demands of its investors. Today HFZA has emerged as the second largest hub for petrochemicals, oil & gas bunkering and storage in the UAE,”said Saudi Al Mazrouei, director of HFZA.
HIF has been awarded 30,000 square meters of land in the tank terminal area of HFZA to develop the integrated petrochemicals and chemicals/handling and processing facility.
“This will be a state-of-the-art terminal. No terminal in the Middle East has this capability. This facility of distillation will be unique and first of its kind in the region” said S. Mukherjee, Terminal Manager for the Group.
“Our primary objective is to provide complete end-to-end solutions for liquid and solid cargo handling at Hamriyah port including fully integrated drumming services, re-packaging services and processing of liquids through distillation, blending, and providing complete state of the art warehousing system to cater to,” Mr. Mukherjee said.
“We will construct four pipelines from jetty to terminal for smooth and efficient operations. The terminal will construct 30 tanks, with a total capacity of 180,000 cubic meters.
“We have obtained the necessary licenses and the soil investigation, foundation design and tank designs have been completed. We have appointed Tata Consulting Engineers (TCE) as the overseas consultant and Capital Engineering & Consultancy as the local consultant and Tata Projects Limited as the Contractor for the said project”, added Mr Mukherjee.
The owner of the group Veritas (India) Limited (VIL), is listed on the Bombay Stock Exchange (BSE); and has a well-diversified business interest in the chemicals, petrochemicals, solvent, rubber and rubber products, with a major focus on India, Middle East, Africa and other global markets.
Hamriyah Free Zone houses 5,700 companies from across 155 nations, welcoming foreign investment from more than 500 industries in the key sectors of oil & gas, petrochemicals, maritime, steel, construction, and food.