Chemoil, a supplier of marine fuel products, has announced plans to further expand its GPS Chemoil terminal in Fujairah with additional capacity of between 500,000 to 600,000 m³ by 2010.
The move will create the company's largest owned storage facility after the recently launched Helios Terminal in Singapore. Following the completion of the entire expansion programme through Chemoil's joint venture with Gulf Petroleum Supplies, the terminal's fully aggregated capacity could reach approximately 650,000 m³.
Chemoil is using its share of the existing 49,000 m³ GPS Chemoil terminal and leasing a further 60,000 m³ of capacity from Vopak whilst the phased construction of its terminal continues.
It is estimated that by the end of Q4 2008, the third phase of expansion will be completed to provide a total capacity of 94,000 m³. Revised plans for the fourth phase of construction aim to further augment its original proposal by using land leased from the Port of Fujairah to extend the facility by an additional 500,000 to 600,000 m³. Some of the tanks could be ready as early as mid-2009. The company is also exploring other options to further expand its local capacity beyond 2010, should market conditions demand for it.
The company will commence marine fuel deliveries by the end of March. Operations will be supported by the imminent arrival of two dedicated 7,000 dwt barges. Three berths at the port of Fujairah are currently being used and the company will have access to the new berths that are currently being constructed by the Port of Fujairah.
From its operations hub in Fujairah, one of the world's top three bunkering ports with volumes of 12 million tonnes a year, Chemoil serves customers throughout the Middle East and surrounding regions.