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Sol and Rubis Launch Joint Aviation Facility

Business 01 Nov, 2023 Follow News

Representatives from the Cayman Islands Government and Sol Petroleum Cayman Ltd. and Rubis Cayman Islands cut the ribbon at the company’s new joint venture Aviation Facility at the Owen Roberts International Airport in Grand Cayman.

Sol Petroleum Cayman Ltd. (Sol) and Rubis Cayman Islands (Rubis) opened their joint venture Aviation Facility at the Owen Roberts International Airport in Grand Cayman on 24th October.

The Sol and Rubis joint venture represents a nearly $20 million investment, comprising $5 million in land and $14 million in construction, which significantly enhances the airport’s infrastructure.

“This investment ensures smoother imports, amplifying the country’s economic vitality and reinforcing its position as a destination and regional hub. The state-of-the-art aviation facilities guarantee an efficient and secure supply of aviation fuel, contributing to safe and reliable airline operations,” noted a spokesperson for the companies.

“This achievement is the result of longstanding commitment, substantial investment, and dedication by the Sol and Rubis teams in energizing Cayman’s development. Our investment in strengthening airport infrastructure will have long-term positive impacts on the country’s economic vitality,” remarked Pierre Magnan, President of The Sol Group and Parkland International.

The facility boasts a 10,000-barrel capacity, adhering to the latest industry standards. It sets a benchmark for quality and efficiency in aviation fuel storage and distribution, augmenting on-island storage capacity, ensuring reliable service to customers, whilst playing a pivotal role in the seamless functioning of airport operations.

Enhanced proximity and direct access to the airport, further solidifyies Sol and Rubis’ role in supporting aviation needs.

Andres Barthel, Managing Director of Rubis Cayman Islands Limited, highlighted the facility’s industry-leading standards, saying, “These facilities were built at the highest industry standards and are definitely one of the top aviation fuel storage and into-plane facilities within the Region while also being compliant with all international and local requirements in terms of design, product stewardship, aviation fuels quality, and health, safety, and environmental standards.”

The opening ceremony and ribbon-cutting for the GCM Aviation Facility at the Owen Roberts International Airport serves as a symbol of Sol and Rubis’ commitment to Cayman’s growth and development.

 Both Sol Petroleum Cayman Ltd. and Rubis Cayman Islands are deeply committed to the well-being of the Cayman community.

In recognition of World Mental Health Month, Sol and Rubis also announced a donation to the Alex Panton Foundation, a non-profit organization dedicated to raising awareness of mental health issues, with a particular focus on anxiety and depression affecting children and young adults in the Cayman Islands.

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