Borouge, one of the leading petrochemical companies that provide plastics solutions, has awarded ADNOC Logistics & Services (ADNOC L&S) a three-year contract to transport 11mn tonnes of polymers from its Ruwais container terminal to Khalifa and Jebel Ali Ports
The contract, awarded after a rigorous competitive bidding process, recognises the diverse capabilities of ADNOC L&S and strengthens partnership with Borouge to support the expansion of activities at its Ruwais terminal.
In May 2018, ADNOC L&S signed a five-year agreement with Borouge for the management of its cargo handling at the terminal of up to 800,000 Twenty-foot Equivalent Units (TEUs) per annum, requiring a broad range of services, from skilled labour and management expertise, together with safety and operational excellence.
“This is the second cooperation of its kind between Borouge and ADNOC L&S in which we have entrusted the handling operations of our shipping cargo at the Ruwais container terminal,” said Ahmed Omar Abdulla, CEO of Abu Dhabi Polymers Company (Borouge).
“This represents another developmental milestone for Borouge and a successful step towards strengthening our supply chain activities, to ensure the best and safe delivery of our products to customers around the world. We are confident that our shipping activities will be further enhanced thanks to the expertise of ADNOC L&S who are carrying out all the handling operations of Borouge packed and palletised products and bulk loaded containers in Ruwais,” Abdulla added.
Abdulkareem Al-Masabi, CEO of ADNOC L&S, noted, “By combining our assets and experience in shipping, onshore logistics and onshore services we have created a fully-integrated marine and logistics company, now the largest in the region, to service customer’ needs across the oil and gas value chain.”
Through a combined programme of strategic partnerships and investments, ADNOC is expected to increase its range and volume of high-value downstream products, secure better access to growth markets around the world and create a manufacturing ecosystem in Ruwais that will stimulate In-Country Value creation.
The contract with Borouge, a joint venture between ADNOC and Austria-based Borealis, supports ADNOC’s 2030 strategy to grow its Downstream business, which will see the company tripling production of petrochemicals to 14.4mn tonnes per annum by 2025.
