ENOC and MFC form joint venture

Emirates National Oil Company (ENOC) and Modern Freight Company (MFC) are investing AED 3.5 million to build a hazardous chemicals warehousing facility.

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By  David Ingham Published  September 17, 2001

Emirates National Oil Company (ENOC) and DUTCO Group subsidiary, Modern Freight Company (MFC), have entered an AED 3.5 million joint venture project to build Chemstore, a hazardous chemicals warehousing facility. The warehouse will be built at the Jebel Ali Free Zone and will meet UAE environmental standards.

"This facility will seamlessly accommodate the growing demand from international chemical traders and manufacturers for a neutral warehousing facility to serve Middle East and Sub-Continent markets," said Hussain Sultan, ENOC Group chief executive and board member.

"Our considerable hazardous products handling experience and MFC's world class warehouse management and logistics are synergies that will result in Chemstore setting new Middle East standards in hazardous chemical handling and storage," he continued.

MFC specialises in freight forwarding, warehousing and logistics services. "Chemstore will play a crucial role in the supply chain of hazardous chemicals throughout the Middle East," said Tariq Baqer, Managing Director, DUTCO Group. "Chemstore will seek ISO accreditation in line with the international operating standards of both partners."

Operations are scheduled to begin in the first quarter of 2002 at the 2,740 square metre Chemstore warehouse, which has a handling capacity of between 2,500 - 17,000 drums depending on the hazard level of the chemicals to be stored.

Chemstore will feature fire fighting and spillage containment systems. A separate office unit will house management, inventory control processes and related functions.

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