AD Ports, Advario plan green energy and liquid bulk storage joint venture

The UAE-based terminal operator AD Ports Group has signed a head of terms agreement with Dutch-based provider of tank storage and infrastructure solutions Advario to explore the establishment of a joint venture focused on developing and operating green energy and liquid bulk storage projects in the UAE and globally.

As disclosed, the proposed joint venture would be 51% owned by AD Ports Group and 49% by Advario. It is expected to unlock growth opportunities in the fields of clean energy alternatives and bulk chemicals storage by leveraging the two partners’ expertise and market access. AD Ports Group would reportedly work closely with Advario’s UAE partner Star Energy to explore the collaboration.

It is understood that if a joint venture is created, Advario would build bulk storage tanks at Khalifa Port as well as supporting pipeline infrastructure to the Group’s clients in KEZAD, the Middle East’s integrated industrial zone network.

“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