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Hazel International to open 126.45m terminal at HFZA
(MENAFN- Arab News) SHARJAH - HAZEL International FZE (HIF) owned by Veritas (India) Limited (VIL) will invest $126.45million to open a facility that will provide complete end- to - end solution for liquid and solid cargo handling at Hamriyah Free Zone Authority (HFZA).
The group performed its ground breaking ceremony at an event that was attended by Saud Al Mazrouei director of Hamriyah Free Zone (HFZA) Saurabh Sanghvi Group Director of HIF 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 Saud Al Mazrouei director of HFZA
HIF has been awarded 30000 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-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
'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 180000 cubic meters.
The group performed its ground breaking ceremony at an event that was attended by Saud Al Mazrouei director of Hamriyah Free Zone (HFZA) Saurabh Sanghvi Group Director of HIF 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 Saud Al Mazrouei director of HFZA
HIF has been awarded 30000 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-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
'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 180000 cubic meters.
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