Acquisition of strategic importance to Tristar and its customers
Tristar Group has acquired Shell Chemicals terminal in JAFZA in a deal that was recently signed between Eugene Mayne, Group CEO for Tristar, and Jack Eggels, General Manager Chemical operations EU, Africa and the Middle East for Shell.
The Shell Chemicals terminal is situated on a 21,000 sqm water facing lot and consists of nine above-the-ground storage tanks with a capacity of 5,505cbm, a jetty with three pipeline connections to the tanks, truck loading gantry and drumming facility.
Under the terms of the deal negotiated with Shell and JAFZA, Tristar will undertake a capacity expansion and terminal modernisation program over the next five years which will see the capacity expand to over 25,000 CBM and designed to house a wide range of all types of Solvents and Industrial Chemicals. Shell will continue to remain a customer under the terms of a services agreement signed between the two companies.
“This acquisition has strategic importance for us and our customers who can now have access to a truly turnkey and fully integrated distribution service with our ability to now handle bulk imports and offer storage and distribution of both bulk and packed chemical products,” indicated Mayne.
“This is great example of a successful collaboration between Shell Chemicals and the Tristar Group,” added Eggels.
