Page 10 - DMEA Week 38 2022

DMEA REFINING & FUELS DMEA

Habeck was speaking in Lubmin, where an LNG import terminal is under construction (Photo: Deutsche ReGas)
Habeck mentioned during the press conference pipeline networks. Shipments may begin as early
that he had discussed LNG supplies during his as December.
own trip to Qatar and the UAE in March of this Eventually, Lubmin – which is also where the
year but did not elaborate. Reuters noted in May, Nord Stream 1 pipeline network, built to import
citing sources who spoke on condition of ano- gas from Russia, which has now taken it off line
nymity, that Germany and Qatar had not been in retaliation for the European Union’s support
able to come to terms on LNG supplies because of oil sanctions – will be home to a higher-ca-
of disagreements over key issues, including the pacity LNG import facility that requires fewer
duration of supply contracts. transshipments.
In Lubmin, an industrial port, private Ger- The German government is sponsoring the
man investors are working to upgrade existing construction of a floating storage and regasifi-
facilities so that they can accommodate smaller cation unit (FSRU) there, and Scholz said earlier
shuttle tankers capable of transferring LNG this month that the unit would come on stream
from larger tankers floating offshore to onshore by the end of next year. ™

ARIA Commodities to build four

downstream facilities in HFZA

MIDDLE EAST UAE-BASED ARIA Commodities has
announced plans to invest AED154mn
($41.93mn) in the construction of four new
downstream and petrochemical facilities in the
Hamriyah Free Zone (HFZA) in Sharjah.
Company executives unveiled the plan dur-
ing a ceremony marking the signing of a lease
agreement between HFZA and ARIA Group,
the parent company of ARIA Commodities.
During the event, ARIA Group representatives
said that the funds would be spent on the con-
struction of a bitumen plant, a refinery, a storage
depot and a tyre recycling plant.
They did not reveal the size of any of the new
facilities, but they did say that all four would be ARIA will spend AED154mn on the project (Screenshot from Twitter)
built with an eye toward maximum sustainabil-
ity and conservation of resources. This is in line down to zero by 2050, they added.
with the company’s commitment to increasing Saud Salim Al Mazrouei, the director of
the use of renewable energy and the UAE’s goal HFZA, affirmed ARIA Commodities’ commit-
of bringing its net carbon dioxide emissions ment to sustainable development.

P10 www. NEWSBASE .com Week 38 22•September•2022