Ink liquid bulk storage of clean energy and chemicals Joint Venture
AD Ports Group signed a Head of Terms Agreement with Advario, a leading global provider of tank storage and infrastructure solutions, to explore establishing a joint venture to develop and operate green energy and liquid bulk storage projects in the UAE and globally.
The proposed joint venture, which would be 51% owned by AD Ports Group and 49% by Advario, has the potential to unlock significant growth opportunities in the fields of clean energy alternatives and bulk chemicals storage by leveraging the partners’ complementary strengths, expertise, and market access.
AD Ports Group would work closely with Advario’s UAE partner, Star Energy, to explore the collaboration.
Bulk storage tanks
If a joint venture is created, Advario would build bulk storage tanks at Khalifa Port and supporting pipeline infrastructure to the Group’s clients in KEZAD, the Middle East’s largest integrated industrial zone network.
By leveraging KEZAD’s industrial base and fully integrated infrastructure, a collaboration will not only enhance AD Ports Group’s existing liquid bulk capabilities but create a launchpad for future investments in clean energy infrastructure, including hydrogen carriers such as ammonia, methanol, and other emerging fuels.
“We look forward to exploring with Advario the possibility of leveraging to our combined capabilities to drive sustainability, operational excellence and deliver long-term value to our stakeholders,” remarked Capt.Mohamed Juma Al Shamisi, Managing Director & Group CEO, AD Ports Group.
“By joining forces in the UAE, we are reinforcing our ambition to be a strategic partner in the region’s transition toward greener and more resilient supply chains, building on our existing presence in the Middle East,” commented Bas Verkooijen, Chief Executive Officer, Advario.
