DP World UAE, a global logistics company and one of the world's largest marine terminal operators, showcased its streamlined chemical supply chain solutions and extensive range of logistics offerings at the 13th Gulf Petrochemicals and Chemicals Association (GPCA) Supply Chain Conference, thus reinforcing the GGC’s rapidly growing petrochemical sector.
The event was held from May 17 to 19 under the theme ‘Future-proofing supply chains – The time is now’ where the industry stakeholders examined the changing future of supply chains.
DP World plays a pivotal role in facilitating the growth of the regional and global petrochemicals sector through its flagship assets in Jebel Ali.
Valued at AED21.4 billion ($5.82 billion), DP World UAE’s petrochemical hub accounts for close to 60 per cent of Dubai’s total trade value in the sector.
Jebel Ali Free Zone (Jafza) alone supports 4,100 port customers and is home to 565 companies from the petrochemicals sector, it stated.
Complementing this is the Jebel Ali Port, a hub for global petrochemical companies catering to growing markets of the Indian Subcontinent, Africa, and the Middle East, it added.
Abdulla Bin Damithan, CEO and Managing Director, DP World UAE & Jafza said: "The petrochemicals sector is an integral pillar of Operation 300bn, the UAE’s Industrial Strategy that aims to increase the GDP from AED 133 billion to AED300 billion by 2031."
Since 95 per cent of all manufactured goods rely on petrochemicals, the sector is essential to the global economy. So, despite the 2020 crisis and the delayed economic recovery, the sector is poised for significant growth in the decades ahead, noted Damithan.
"The UAE's export-orientated industry is already witnessing improvements which will be sustained by new polypropylene capacity, due to a ramp-up in production in 2022. Events like GPCA give us the opportunity to attract local and international companies, accelerating our growth as the preferred petrochemical hub of the region," he added.
Seamless petrochemical trade
With its robust container handling infrastructure, the Jebel Ali Port supports 65 per cent of GCC’s polymer exports and 33 per cent of its petrochemicals’ exports.
DP World UAE said the port has 2 million sq m of dedicated liquid chemical handling capacity comprising 11 berths and over 1 million cu m of liquid bulk storage space.
Its comprehensive solutions also include tank terminals and warehousing, specialised storage space for packed lubricants, fuels and industrial chemicals, ISO tanks storage and dangerous goods warehouses.
Spread over a 3.9 million sq m area, Jafza supports several key petrochemicals companies, including DOW, BASF, Total and Gulf Petrochem.
The free zone offers a holistic solution – handling imports in bulk and containers and offering 235,000 cubic metres of storage capacity. Its enhanced capabilities have ensured that it is the base for some of the largest chemical distributors in the Middle East and Africa.
The integrated logistics offerings supported by connectivity across international petrochemical trade lanes and the ecosystem at Jebel Ali give the industry the most attractive logistic proposition.
Additionally, its strategic location and vast network of global liners have contributed to the success of the UAE and the region, it added.-TradeArabia News Service