ADNOC Co-loads LPG And Propylene Onto Same Vessel In Ruwais
Mohammad Ali (@ChaudhryMAli88) Published December 11, 2018 | 01:15 PM
The Abu Dhabi National Oil Company (ADNOC) today announced it has safely completed the first co-loading of Liquefied Petroleum Gas (LPG) and Propylene onto the same vessel, which was docked in Ruwais, the UAE.
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 11th Dec, 2018) The Abu Dhabi National Oil Company (ADNOC) today announced it has safely completed the first co-loading of Liquefied Petroleum Gas (LPG) and Propylene onto the same vessel, which was docked in Ruwais, the UAE.
Under normal circumstances, LPG, which is produced by ADNOC Gas Processing, and Propylene, which is produced by ADNOC Refining, are transported separately. By successfully loading around 12,600 metric tons of Propylene and 33,000 metric tons of LPG onto a single vessel, freight rates were significantly reduced.
Abdulla Salem Al Dhaheri, Director of Marketing, Sales and Trading at ADNOC, said, "Throughout ADNOC, we are focused on thinking differently to deliver greater value and more efficient operations. This pioneering procedure, the first of its kind in our industry, has the potential to generate significant value for ADNOC.
"Shipping costs, or freight rates as they are more commonly referred to, constitute a significant amount when delivering a product to customers and end-users. By co-loading product that is bound for a particular customer, or location, we are able to deliver substantial cost-savings.
"
To enable the co-loading of LPG and Propylene, which must be stored at different temperatures, ADNOC conducted a number of workshops with its customers, product specialists and ADNOC Group Companies involved in the loading operation.
Al Dhaheri added, "We are constantly challenging ourselves, and our partners and customers, to think creatively and identify new opportunities that deliver value and mutual benefits to our organizations. A number of innovative proposals have been put forward, and many have been progressed. This new practice could change the market approach to loading Propylene onto larger ships and reduce Propylene freight rates dramatically. For me, this really represents the new, progressive and agile organization that ADNOC has become."
In line with its strategy to maximise value from its downstream refining, petrochemical and gas processing operations, ADNOC Gas Processing produces up to 10.5 million metric tons of LPG per annum, while ADNOC Refining produces up to 1.7 million metric tons per year of Propylene.
Recent Stories
At least 10 people killed in Brazil fire: officials
Shahzaib Rind calls on Deputy Speaker Balochistan
Ahsan chairs 13th CPEC-JCC preparatory meeting, reviews arrangements for high-le ..
DC Tharparkar inaugurates anti-polio campaign
HDA Mehran workers demand salaries
Taxila police nab motorcycle lifter gang
Inter-university weightlifting championship kicks off at SAU
Walk held in a series of enrollment campaigns
Team from Gaza mediator Egypt arrives in Israel for truce talks
Kids murders: IHC orders psychiatric examination of mother
Health minister credits PML-N for advancements in organ transplantation
Court grants interim bail to Azam Swati in cyber crime case
More Stories From Middle East
-
UAE announces ‘Zero Bureaucracy Program’ to reduce bureaucracy
3 months ago -
COP28 President-Designate welcomes Transitional Committee agreement to operationalise Loss and Damag ..
6 months ago -
Global Media Congress 2023 to feature Co-Production Majlis as a new networking platform
6 months ago -
Young female athletes shine at Abu Dhabi World Youth Jiu-Jitsu Championship
6 months ago -
King of Jordan receives Abdullah bin Zayed and ministers participating in Arab coordination meeting
6 months ago -
Abdullah bin Zayed participates in coordination meeting of Arab foreign ministers, joint meeting wit ..
6 months ago
-
3rd annual conference of Emirates Society of Clinical Microbiology kicks off in Dubai
6 months ago -
SIBF 2023 hosts Nobel laureate to discuss emergence of ‘Afrofuturism’ in global discourse
6 months ago -
ALC announces winners of Kanz Al Jeel Award 2023
6 months ago -
SIBF turns spotlight on remarkable contributions of women
6 months ago -
Global assets in spot bitcoin ETFs hit $4.16 billion
6 months ago -
Rescuers struggle to find Nepal quake survivors as deaths reach 157
6 months ago