Abu Dhabi-Mubasher: Gulf Petrochem Group announced details of its expansion of the Fujairah terminal ahead of its Engineering, Procurement and Construction (EPC) tender expected to issue tender early next week.
The $50 million project is set to start in April 2016, according to a recent statement.
The Gulf Petrochem Fujairah Terminal currently has a storage capacity of 412,000 cubic metres (cbm) — with 17 tanks ranging from 13,000 cbm up to 40,000 cbm handling Class III petroleum products such as fuel oil and gas oil to name a few, and 348,000 cbm dedicated to fuel oil across ten tanks.
The group will raise its storage capabilities by 243,280 cbm, bringing the total capacity at its Fujairah terminal to 655,280 cbm.
The additional capacity to be added will enable the group to store Class I products.
