Petroleum Specialties Pte. Ltd., the Singapore-based specialised oil trading subsidiary of diversified conglomerate Apar Industries Limited, has opened a new manufacturing operation in Sharjah’s Hamriyah Free Zone. The group’s first fully-owned factory outside of India, the new US$18 million (AED 66m) Petroleum Specialities (FZE) unit will manufacture industrial white oils. The term ‘Industrial white oils’ typically refers to pure petroleum ...
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Sharafco opens US$100m oil storage terminal
Sharafco Group, a diversified petrochemicals group, has opened a new 80,000 cubic metre (cbm) oil storage terminal at Sharjah’s Hamriyah Free Zone. The new facility falls under Hamriyah-based Sharafco Petroleum FZE, a leading UAE supplier, marketer and manufacturer of petroleum and fuel products, which aims to lease out the tanks to global petrochemical traders. The US$100 million (AED 3.65b) storage ...
Read More »Radiant to build $10m distillation plant in Sharjah
Radiant Group, an Indian petrochemicals firm, is to build a 60,000 metric tonne capacity oil distillation plant in Hamriyah Free Zone, at a cost of US$10 million (AED 36.5m). Radiant has leased 107,639 square foot of land in Phase Two of Hamriyah Free Zone and expects the new facility to be completed by mid-2017. Based in the Indian state of Maharashtra, ...
Read More »New large-scale oil storage terminal opens
Gulf Petrochem Group, a leading Sharjah-based conglomerate with a business unit specialised in petrochemical trading, storage and transportation, has opened it’s new 203,888 cubic metres (cbm) liquid storage terminal at Hamriyah Free Zone. The new storage terminal, which will become fully operational this month, will be able to store all classes of petroleum products such as fuel oil, gas oil, ...
Read More »Sharjah plastics firm scales up to meet growing regional demand
Sharjah-based plastics converter Alliance Plastics FZE is scaling up to meet the region’s growing demand for industrial plastic packaging products. The manufacturer plans to invest AED 15-20 million (US$ 4-5.5m) in a new state of the art factory unit on a 62,840 square foot (5838 sq. meter) plot in Sharjah Airport International Free Zone (SAIF Zone) . The Gulf Petrochemicals ...
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