Dubai: Hazel International FZE (HIF), owned by Veritas (India) Limited (VIL), will invest $126.45m to open a facility that will provide liquid and solid cargo handling at Hamriyah Free Zone Authority (HFZA).
The group performed its ground breaking ceremony on Wednesday.
The terminal will have facilities to store chemicals, petrochemicals, base oils, bitumen, vegetable oil, gases, liquified gases, ethanol, bio-fuels, edible oils. Besides storage, the terminal will provide facilities like distillation, extraction, hydrogenation and fractionation.
HIF has been awarded 30,000 sq m of land in the tank terminal area of HFZA to develop the integrated petrochemicals and chemicals/handling and processing facility. [04/09/14]