​​SHARJAH - HAZEL International FZE ​​(HIF), owned by Veritas (India) Limited (VIL), will invest $126.45million to open a facility that will provide complete end- to -- end solution for liquid and solid cargo handling at Hamriyah Free Zone Authority (HFZA).

The group performed its ground breaking ceremony at an event that was attended by Saud Al Mazrouei, director of Hamriyah Free Zone (HFZA), Saurabh Sanghvi, Group Director of HIF, Rajaram Sanbhag, CFO of HIF and other top officials.

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.

“We welcome Hazel International to our fraternity. Our goal is creating a robust business environment by meeting the needs and demands of its investors. Today HFZA has emerged as the second largest hub for petrochemicals, oil & gas bunkering and storage in the UAE,”​ said Saud Al Mazrouei, director of HFZA​

HIF has been awarded 30,000 square meters of land in the tank terminal area of HFZA to develop the integrated petrochemicals and chemicals/handling and processing facility.

“This will be a state-of-art terminal. No terminal in the Middle East has this capability. This facility of distillation will be unique and first of its kind in the region” said S. Mukherjee, terminal manager for the Group

“We will construct four pipelines from jetty to terminal for smooth and efficient operations. The terminal will construct 30 tanks, with a total capacity of 180,000 cubic meters.