logo
AD Ports, Advario eye green energy, liquid bulk storage JV

AD Ports, Advario eye green energy, liquid bulk storage JV

Trade Arabia20-05-2025

AD Ports Group, a leading facilitator of global trade, logistics, and industry, has signed a Head of Terms Agreement with Advario, a leading global provider of tank storage and infrastructure solutions, to explore establishing a joint venture to develop and operate green energy and liquid bulk storage projects in the UAE and globally.
The proposed joint venture, which would be 51% owned by AD Ports Group and 49% by Advario, has the potential to unlock significant growth opportunities in the fields of clean energy alternatives and bulk chemicals storage by leveraging the partners' complementary strengths, expertise, and market access.
Advario, based in Europe's largest port city, Rotterdam, has 14 terminals across more than 10 countries and brings decades of experience in handling chemicals, gases, petroleum products, and new energy forms.
The Dutch company's expertise would complement AD Ports Group's world-class ports infrastructure, enabling both partners to capture emerging opportunities in the evolving energy landscape.
Under this deal, AD Ports Group would work closely with Advario's UAE partner, Star Energy, to explore the collaboration, said the Emirati company in a statement.
If a joint venture is created, Advario would build bulk storage tanks at Khalifa Port and supporting pipeline infrastructure to the Group's clients in Kezad, the Middle East's largest integrated industrial zone network, it stated.
By leveraging Kezad's industrial base and fully integrated infrastructure, a collaboration will not only enhance AD Ports Group's existing liquid bulk capabilities, but create a launchpad for future investments in clean energy infrastructure, including hydrogen carriers such as ammonia, methanol, and other emerging fuels.
Managing Director & Group CEO Captain Mohamed Juma Al Shamisi said: "We look forward to exploring this joint venture, which has the potential to build on our group's growing investment in sustainable infrastructure, in line with the vision of our wise leadership in the UAE to position Abu Dhabi as a global hub for multi-fuel bunkering and sustainable energy solutions."
"We look forward to exploring with Advario the possibility of leveraging to our combined capabilities to drive sustainability, operational excellence and deliver long-term value to our stakeholders," he stated.
Advario CEO Bas Verkooijen said: "We are excited to take this important step toward creating a joint venture with AD Ports Group. This partnership supports our long-term vision to develop world-class infrastructure for the energy systems of tomorrow."
"By joining forces in the UAE, we are reinforcing our ambition to be a strategic partner in the region's transition toward greener and more resilient supply chains, building on our existing presence in the Middle East," he stated.
A joint venture would also assess opportunities to expand internationally, supporting projects across EMEA and beyond. In addition to liquid bulk storage, the cooperation will target clean energy carriers and critical infrastructure assets, such as pipelines, jetties, and integrated storage solutions.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Ritchie Bros. gears up for major auction in Dubai
Ritchie Bros. gears up for major auction in Dubai

Trade Arabia

time8 hours ago

  • Trade Arabia

Ritchie Bros. gears up for major auction in Dubai

Ritchie Bros., Europe's largest global asset management and disposition company, is preparing to host another major unreserved auction in Dubai from June 17 to 18. With over 1,500 items from trusted global brands across key sectors - including construction, transportation, and lifting - this event offers an unmatched opportunity for buyers around the world to secure quality equipment. Every item will be sold to the highest bidder, with no minimum bids or reserve prices, ensuring fair competition and full transparency for all participants. Bidding will take place exclusively online, said a statement from Ritchie Bros. This upcoming auction will feature a wide range of equipment to suit various needs and budgets. Key categories include: *Excavators: More than 100 units for sale *Backhoe Loaders: Over 45 units, 14 of which are unused *Cranes: Over 55 units, including truck cranes, crawler cranes and rough terrain cranes *Wheel Loaders: More than 40 units available The other highlighted equipments include 2020 CAT 980M Wheel Loader; 2020 Sany SYM5446THB 56M Concrete Pump Truck on Volvo FMX500 8x4 and 2020 Komatsu D155A-6 Crawler Tractor. Ritchie Bros. said the Dubai yard will be open for in-person inspections from June 12 to 16. "Visitors can view and test equipment on site. To ensure a comfortable experience despite the summer heat, shaded workstations and courtesy cars will be available throughout the yard," said company spokesman. The upcoming Dubai auction takes place against the backdrop of some market signals from Europe, where demand for specific equipment types - such as crawler excavators and articulated dump trucks - has risen significantly, according to Ritchie Bros.' latest European Used Equipment Market Trends Report for Q1 2025. As per the report, crawler excavators have recorded a 33% increase in buyer demand on Mascus compared to Q1 2024, indicating a more optimistic outlook for 2025.

Alef breaks ground on $299m landmark Sharjah development
Alef breaks ground on $299m landmark Sharjah development

Trade Arabia

time8 hours ago

  • Trade Arabia

Alef breaks ground on $299m landmark Sharjah development

Alef, a leading real estate developer in Sharjah, has officially broken ground on Al Mamsha Raseel, the third zone of its landmark 'Al Mamsha' development located in Muwaileh. Valued at AED 1.1 billion ($299.4 million), the project is expected to be completed by December 2028. Al Mamsha Raseel will offer 2,210 modern residential units, ranging from one- to three-bedroom apartments, each with private balconies. The development will also feature lush green spaces, water features and interactive fountains, all designed to deliver a fully integrated living experience that prioritises quality of life and aligns with Sharjah's progressive urban vision, it stated. The ground-breaking ceremony was attended by Alef officials, representatives from CC7, the contracting company, as well as representatives from the design and engineering teams. The event reflected the company's ongoing commitment to excellence and quality across every stage of the development. Announcing the launch, Alef said the Al Mamsha Raseel project is a strategic step in its journey to redefine the concept of residential communities in Sharjah. The project focuses on developing an urban environment that prioritises human well-being and integrates quality of life, sustainability, and urban innovation, it stated. Al Mamsha is Sharjah's first fully walkable community, designed to offer a safe, pedestrian-friendly environment that adheres to the highest standards of sustainability and urban planning.

Ebara Elliott Energy starts work on new Abu Dhabi facility
Ebara Elliott Energy starts work on new Abu Dhabi facility

Trade Arabia

time11 hours ago

  • Trade Arabia

Ebara Elliott Energy starts work on new Abu Dhabi facility

Ebara Elliott Energy (EEE) has started construction on a new, state-of-the-art service center in Abu Dhabi, located in Kezad with operations to launch in Q3 2026. The facility is a key part of EEE's strategy to expand its regional presence and deliver faster, more localized support to customers across the Middle East. A solution provider in the energy industry, EEE designs, manufactures, and services technically advanced centrifugal and axial compressors, steam turbines, power recovery expanders, custom pumps, and cryogenic products used in the petrochemical and refining sector. With a global network of service centers, EEE is known for providing rapid response, clear communication, and precise execution across every service engagement. This investment reinforces the company's position as a trusted partner to energy operators in the region. "This facility represents more than just a new location—it's a major step toward bringing world-class service directly to our customers in the Middle East and surrounding region," said Nobu Miyaki, Chief Executive Officer, Ebara Elliott Energy. "By investing here, we're reinforcing our long-term commitment to the region and ensuring we're ready to support our clients when and where they need us most," he stated. The new service center will feature two fully air-conditioned production bays, cranes, and cutting-edge technologies including laser welding, the region's first spin pit for impeller repair, and the largest cylindrical grinding machine in the Middle East. The site covers a 14,391 sqm plot with a 6,658 sqm built-up area, said Miyaki.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store