(UAE): Tristar Group (“Tristar” or “the Company”), the global integrated energy logistics company, announced that United Stars, its joint venture in Saudi Arabia, signed a long-term contract with Sharjah Oxygen Company (SOC) to transport cryogenic liquids between the UAE and Saudi Arabia. SOC is a leading industrial gas producer and supplier in the Middle East.
Tristar recently established the Cryogenic Gas Transport division which offers the leasing of cryogenic ISO tanks and road tankers, in addition to consultation, engineering and intermodal transport services for cryogenic gas. Soon, it will open a specialized maintenance and repair center for cryogenic assets in Saudi Arabia.
Eugene Mayne, Group CEO of Tristar said: “Our latest contract win in Saudi Arabia reflects the strength of the local logistics market, supported by the efforts of local governments.
On the back of this ongoing growth and increased demand, I am pleased to announce the establishment of Tristar’s Cryogenic Gas Transport division, which will complement our existing downstream oil and gas surface logistics business. Tristar’s Cryogenic Gas Transport division will be led by Paul Vincent, who brings a wealth of experience from the cryogenic industry to Tristar.
Our business in Saudi Arabia is well established with strong relationships with key players in the LNG industry. We look forward to accelerating growth and expanding our market share in the GCC with our new offering for the cryogenics transport market.”
In Qatar, the Cryogenics Gas Transport division commenced operations in June for the transport of Liquid Helium ISO containers. The customer is a world leader in gases, technologies and services for Industry and Health.
© Press Release 2020
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
