Borouge, a leading petrochemical company providing innovative, value-creating polyolefin solutions, has announced a new long-term agreement with ADNOC Logistics and Services (ADNOC L&S), whereby ADNOC L&S will manage integrated logistics for Borouge to a new main logistical hub at Khalifa Port and KIZAD in Abu Dhabi
The new agreement covers transportation and handling operations for Borouge-manufactured polymer products at Khalifa Port for export to international markets, complementing existing agreements between the two companies. The new agreement will also optimise the manufacturing and distribution value chain for Borouge and improve cost per unit, enabling competitive downstream growth of ADNOC’s petrochemicals and polymers business. 85% of the contract value will flow back to the UAE’s economy, accelerating the development of critical local supply chain functions.
Hazeem Sultan Al Suwaidi, CEO of Abu Dhabi Polymers Company (Borouge), commented, “Our strategic collaboration with ADNOC L&S is key to realising our growth strategy and ambitions. The expansion of our agreement enables us to unlock further opportunities in the UAE and enhance local supply chains. Together, we are driving synergies to support the UAE’s economic diversification and building on the competitiveness of our national industries.”
Captain Abdulkareem Al Masabi, chief executive officer of ADNOC L&S, said, “ADNOC L&S with the support of Borouge, has established a strong track record of delivery across all contracted services. With the inclusion of Borouge’s UAE Gateway agreement, we have an expanded partnership that will cover all of Borouge’s logistics requirements from production site, to feeder vessel services to main port logistics. As part of our smart growth strategy leading up to 2030, we are committed to providing integrated services for our customers, strengthening our position as ADNOC Group’s logistics platform and delivering more efficiency. We will continue to invest in long-term partnerships which generate greater value from our operations within the UAE.”
In addition to this agreement, ADNOC L&S already manages logistics services for Borouge in Ruwais which include packaging, port operations and feeder services.
