Infinite’s refinery will refine 3.6 million barrels annually

The Hamriya Free Zone Authority (HFZA) has signed a deal with Indian Infinite Mining and Energy according to which the latter will double its investment in the free zone and establish a multifunctional oil refinery.

The new facility will have a daily production capacity of 10,000 barrels and an annual refining capability of up to 3.6 million barrels.

Saud Salim Al Mazrouei, Director of the HFZA, and Bilal Merchant, Managing Director of Infinite Mining and Energy; signed the agreement.

Accordingly, Infinite will lease a 200,000-sq-ft plot of land in the free zone to build its facilities. This expansion is expected to significantly increase the company's storage capacity, catering to the growing demand for its services and products.

Al Mazrouei said Infinite’s new expansion plans demonstrates HFZA’s leading reputation as a preferred investment destination for heavy industries and the petrochemical sector.

"Infinite’s new facility will be a significant addition to the emirate's burgeoning economic landscape through its production volume, which caters to the demand for energy products and derivatives for both existing and future industrial projects," he said.

Merchant said Infinite plans to set up a multifunctional oil refinery and a modern oil storage facility equipped with over 20 loading slots is a testament to our strategic expansion to broaden our reach in both regional and international markets. Infinite began operations in the Hamriya Free Zone in 2018.

"Upon completion, the new facility is set to create over 100 job opportunities for technicians and workers, thereby contributing to the local employment landscape," he said.