ATS Terminal, a UAE-based company, said it has doubled its storage capacity following the completion of its Phase Two expansion.
Based at Hamriyah Free Zone in Sharjah, the company offers services like storage and transport of liquid chemicals and fuel.
ATS Terminal said with the completion of the second phase, its storage capacity has increased from 22,000 cu m to 42,000 cu m.
“The facility, with six piggable mild steel (MS) and stainless steel (SS) pipelines from the deep harbour and inner harbour respectively, is equipped to handle, store and distribute all kinds of Class One, Two and Three products on behalf of our customers in the UAE and the GCC,” explained Avinash Gandhi, managing director of ATS Terminal FZE.
Gandhi said that his company found the Hamriyah Free Zone to be the best place to build a liquid storage terminal and that it has plans to kick-start Phase Three and Phase Four in 2016 and 2017, respectively.
The company, which currently utilizes only 30 per cent of the area of the existing plot, plans to triple its capacity in the future.
The total investment on the completion of all phases is estimated at Dh100 million ($136 million), he added.
Saud Salim Al Mazrouei, the director of Hamriyah Free Zone Authority and Sharjah Airport International Free Zone, said: "We are happy to see the growth of ATS Terminal which has been operational since 2012."
"We are happy to support our investors and our goal is to create a robust business environment by meeting the needs and demands of our investors, and seeing such developments show that we are achieving our goal," he added.
Hamriyah Free Zone houses more than 6,200 companies from 157 countries, welcoming foreign investment from more than 500 industries in key sectors of oil and gas, petrochemicals, maritime, steel, construction and food.