Plans to establish additional storage facilities with capacity of 150,000cbm
Green Petrochem, one of the most conducive players in the oil industry across the UAE, has announced an expansion plan in the Hamriyah Free Zone to boost its storage capacity and meet the growing demand for its services.
Under the contract, the petrochemical company will lease a 200,000sqft. plot of land to expand its facilities and respond to the increasing demand for its products.
The agreement was recently signed by Saud Salim Al Mazrouei, Director, HFZA, and Anish Vijapura, Managing Director, Green Petrochem, at the HFZA premises. A number of senior officials from both entities attended the event.
Green Petrochem said that the deal comes as part of its expansion strategy to augment its operations in the regional and international markets.
In addition to its main storage facility in the free zone, the company is looking to bolster its operations by establishing additional storage facilities and is targeting a future-storage capacity of a 150,000cbm.
“We are keen to provide our investors with various services of top-notch quality within an ideal environment that help them grow and thrive like never before and achieve their ultimate business goals,” observed Al Mazrouie.
For his part, Vijapura emphasized that the deal builds on Petrochem’s strategic partnership with HFZA and opens up a new chapter of cooperation between the two organizations.
