Abu Dhabi: AD Ports Group, a prominent entity in global trade and logistics, has signed a Head of Terms Agreement with Advario, a renowned global provider of tank storage and infrastructure solutions, to potentially establish a joint venture aimed at developing and operating green energy and liquid bulk storage projects both in the UAE and internationally.
According to Emirates News Agency, the proposed joint venture would see AD Ports Group holding a 51 percent stake, while Advario would own 49 percent, offering significant growth opportunities in clean energy alternatives and bulk chemicals storage. The collaboration aims to capitalize on the strengths and market access of both partners, with AD Ports Group working closely with Advario's UAE partner, Star Energy, to further the collaboration.
Should the joint venture proceed, Advario plans to construct bulk storage tanks at Khalifa Port and supporting pipeline infrastructure, serving the Group's clients within KEZAD, the Middle East's largest integrated industrial zone network. This initiative would enhance AD Ports Group's existing liquid bulk capabilities and provide a platform for future investments in clean energy infrastructure, including hydrogen carriers and other emerging fuels.
Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, expressed enthusiasm about the joint venture's potential to bolster the Group's investments in sustainable infrastructure, aligning with the UAE's vision to position Abu Dhabi as a global hub for multi-fuel bunkering and sustainable energy solutions. He highlighted the opportunity to leverage combined capabilities to drive sustainability and deliver long-term value to stakeholders.
Bas Verkooijen, CEO of Advario, emphasized that the partnership aligns with Advario's long-term vision to develop world-class infrastructure for future energy systems. By collaborating in the UAE, Advario aims to support the region's transition toward greener supply chains, building on their existing Middle Eastern presence.
The joint venture would also explore international expansion opportunities, supporting projects across EMEA and beyond, with a focus on clean energy carriers and essential infrastructure assets such as pipelines and integrated storage solutions. This aligns with AD Ports Group's strategy to fortify Abu Dhabi's standing in the global energy transition.
Advario, headquartered in Rotterdam, operates 14 terminals across more than 10 countries and boasts extensive experience in managing chemicals, gases, petroleum products, and new energy forms. This expertise is expected to complement AD Ports Group's advanced ports infrastructure, positioning both partners to seize emerging opportunities in the energy sector's evolving landscape.