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Renish Group launches Alaska International with higher storage capacity

Industry

Renish Group, a growing company in oil space, has launched its Hamriyah port-based storage facility in the UAE, the Alaska International FZE, with higher capacity at 22 tanks to boost storage ability and expand operations in the Middle East

Renish Group acquired Alaska International in 2013 with 60,000 cu/m capacity for petroleum products. In just a few years, the company has increased its storage capacity to 125,000 cu/m spread across its 22 tanks in light of expanding its operations in the region for base oil, bitumen, high centistokes (CST) fuel oil, Rubber Process Oil (RPO) and gas oil.

Kalrav Dixit, executive director at Renish Group, said, “Acquiring and expanding Alaska International is a timely move intended to achieve our vision to broaden our reach. The facility does not act as a storage point alone but it also allows us to expand our offerings to cover every stage of the entire supply chain system. It helps in blending, making bulk, breaking bulk of cargoes, and many others. Additionally, as Alaska International is based in the strategically located UAE - particularly in the Hamriyah port where opportunities for bunkering, exports and blending are immense - we will now be able to efficiently meet the requirements of leading global oil players and subsequently grow our business in this area.”

According to the company, Alaska International’s 22 tanks are uniquely configured to handle clean and dirty products with direct connection to the outer berth with a 12m draft and the inner berth with a seven-meter draft.

Moreover, the storage facility’s dock infrastructure can handle vessels with 12.5m draft. It is served by two oil product pipelines connecting to the main docks and two oil product pipelines from the barge dock.

“Alaska International has the right capacity that can serve the various needs of our clients in the Indian subcontinent, the Red Sea, and East Africa. Renish Group is keen to invest more in this strategic sector as we consider the oil storage industry as the key to our further advancement and development as a business organization,” Dixit added.

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