DP World and Petrochem Middle East have signed a 30-year lease agreement for a site in Jebel Ali as a result of which the latter will invest between $80 and $90 million to develop a chemical terminal at Quay 7, adjacent to the existing dedicated chemical handling berth within Jebel Ali port.
The facility is expected to be completed by the third quarter of 2023 and will handle chemical raw materials in large volumes for both traditional and new industries coming to the UAE. The new terminal will have a maximum storage capacity of approximately 40,000 m3 and will also be fitted with distillation and processing units.
Petrochem Middle East, which has been a part of Jafza since its inception in 1995, plans to build 24-30 bulk chemical storage tanks of different sizes on the site. It will also provide tanker and truck loading facilities, a nitrogen generation plant and automatic drum filling machines.