Saudi Basic Industries Corporation (SABIC) has extended its contract with United Stars, part of the Tristar group, for an additional period of two years. As a result, the company will continue to transport liquid industrial gases to SABIC’s diverse portfolio of clients across the GCC.
The agreement builds on Tristar’s long-standing relationship with SABIC. In December 2017, United Stars and SABIC signed a three-year contract to transport liquid gases from plants in Jubail in the Eastern Province and Yanbu in the Western Province to locations actors the GCC and Jordan.
Under the initial contract, Tristar had invested in 30 gas-carrying road tankers and cryogenic ISO tankers to meet SABIC’s requirements, However, following the extension, an additional 11 tankers will be deployed this month. Furthermore, in the second phase of the contract, the company will provide around 20 more tankers which will be deployed in the second quarter of 2021.
Eugene Mayne, Group CEO of Tristar said: “The extension of our contract with SABIC, a leading player in the Middle East, is testament to our expertise in energy logistics. It plays a key role as we continue to grow our business in Saudi Arabia and we look forward to continuing to demonstrate best practice in safety.”
United Stars operates a 40,000m2 yard at the Dammam Modon Second Industrial Area, and a 10,000 m2 warehouse for both dangerous goods and non-dangerous goods. The company also operates two additional yards in Jubail and Riyadh both covering an area of 10,000 m2.
In 2020, Tristar established a new cryogenic gas transport division in the Kingdom, which leases out cryogenic ISO tanks and road tankers, and offers intermodal transport services for cryogenic gas. The company will open a specialised maintenance and repair centre for cryogenic tankers and other assets at the Dammam yard later this year.