Advario Announces Proposed Partnership with ADNOC Group for Terminal Project in Abu Dhabi
06.03.2024 By Tank Terminals - NEWS

June 03, 2024 [Storage Terminals Magazine]- Advario proudly announces its proposed partnership with ADNOC Group to support the development of a terminal project and enable liquid storage and infrastructure for TA’ZIZ, the chemicals and industrial hub in Al Ruwais Industrial City, Abu Dhabi.

 

The proposed partnership between Advario and ADNOC Group will encompass the development and operation of a terminal with a dedicated storage capacity of 520,000 cbm. This facility will include infrastructure for storing and loading chemicals for transport. Concurrently, Advario will collaborate with TA’ZIZ to build and operate pipelines providing feedstock to TA’ZIZ’s chemical plants. Advario will undertake this cooperation alongside its longstanding Middle East partner, Star Energy Group.

Bas Verkooijen, CEO at Advario, commented: “Advario is proud to be partnering with ADNOC Group to support the development of key infrastructure within the TA’ZIZ ecosystem. Together with our partner Star Energy Group, we are committed to leveraging our vast experience and expertise for the successful development and operation of the terminal, integral to the TA’ZIZ world-class chemicals hub. This collaboration perfectly aligns with our commitment to being partners for progress, advancing sustainable and innovative infrastructure solutions across the energy and chemical sectors.”

Mashal Saoud Al-Kindi, CEO of TA’ZIZ, said: “TA’ZIZ’s unique strength as a chemical ecosystem lies in the partnerships we maintain with world-class industrial players like Advario. Through our intended collaboration with Advario, we will enhance our ability to offer a seamless and integrated ecosystem that supports chemical businesses in manufacturing new value chains, previously unexplored in the UAE.”

TA’ZIZ, a joint venture between ADNOC Group and ADQ, plays a pivotal role in driving the UAE’s industrial development ambitions by producing chemical value chains previously unavailable in the region.

 

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