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AquaChemie
 

AquaChemie Breaks Ground on $40 M Petrochemical Complex in Dubai

AquaChemie Middle East - a leading chemical sales and services company and part of the UAE-based AquaChemie Group – recently broke ground on its strategic, world-class petrochemical terminal in DP World’s flagship, Jebel Ali Port, Dubai. 

The AED150 million ($40 million) project will serve as a vital gateway, facilitating and boosting the growing petrochemical trade between manufacturers and end-users in the Middle East and globally, while also addressing the acute shortage of storage facilities for redistribution and lease for bulk chemicals in Jebel Ali Port.

The state-of-the-art specialized bulk storage terminal will have a total envisaged capacity of around 40,000 CBM (Cubic Meter), out of which 35,000 CBM will be in bulk storage tanks and about 5,000 CBM in ISO tanks and drums. 
Scheduled for construction completion by early Q2 2022, the facility will be a turnkey and fully integrated distribution center capable of handling bulk imports and packed chemicals at high volume. The terminal is designed to store flammable chemicals, up to NFPA Class 1B. Over 100 chemicals of UN Class3 hazardous classification or non-hazardous chemicals can be stored in the facility's nitrogen blanketed tanks.

AquaChemie Middle East targets revenue of around $400 million from the petrochemical terminal business in the next 7 years. This would form a substantial portion of the AquaChemie Group business.

During the projected 16-18 months' construction duration, the project is expected to engage a workforce of over 250 through various contractors. Once commissioned, AquaChemie will scale up the personnel operation with an initial headcount of about 60 employees, which will swell with facility utilization, stabilizing at around 100 blue and white-collar employees. Sales and marketing staff with AquaChemie and its global distributors will be additional.

As per Grand View Research, the global petrochemicals market size is around $480 billion, with an anticipated CAGR of approximately 5%. Although the Middle East and Africa (MEA) consumption is only about 15%, it takes the lion's share in manufacturing and exports, especially from the GCC region, due to the availability of low-cost feedstock and cheap energy sources for production. Total global petrochemicals production is around 2,200 million tons per annum.

For more information about AquaChemie Middle East FZE please visit: www.aquachemie.com