Tristar acquires Shell Chemicals terminal in JAFZA
Tristar Group is further consolidating its presence in Jebel Ali Free Zone (JAFZA) with the acquisition of the Shell Chemicals terminal in JAFZA.
The deal was recently signed between Eugene Mayne, group CEO for Tristar, and Jack Eggels, general manager, chemical operations, Europa, Africa and Middle East, for Shell.
The Shell Chemicals terminal is situated on a 21,000 sqm water facing lot and consists of nine above-the-ground storage tanks with a capacity of 5,505 CBM, a jetty with three pipeline connections to the tanks, truck loading gantry and drumming facility.
Under the terms of the deal negotiated with Shell and JAFZA, Tristar will undertake a capacity expansion and terminal modernisation program over the next five years, which will see the capacity expanded to over 25,000 CBM and designed to house a wide range of types of solvents and industrial chemicals.
Shell will continue to remain a customer under the terms of a services agreement signed between the two companies.
“We are very proud of this acquisition which has strategic importance not only for us a company, but also to our customers who can now have access to a truly turnkey and fully integrated distribution service with our ability to now handle bulk imports and offer storage and distribution of both bulk and packed chemical products,” said Mayne.
“This facility will complement our existing Dangerous Goods (DG) facility in JAFZA South Zone which currently houses a wide range of packed chemicals and petroleum products,” he added.
Eggels added: “This is great example of a successful collaboration between Shell Chemicals and our key logistics service provider in the region, Tristar Group. With provision of logistics services being core to Tristar, I’m really pleased to see that we have been able to make this asset transition work, so both companies can continue to fulfil their business ambitions for the regions.”