Borouge, a leading petrochemical company that provides innovative, value creating plastics solutions, has awarded ADNOC Logistics & Services (ADNOC L&S), the shipping and services arm of the Abu Dhabi National Oil Company (ADNOC), a three-year contract to transport 11 million tonnes of polymers from its Ruwais container terminal in Abu Dhabi, 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 5-year agreement with Borouge for the management of its cargo handling at the terminal of up to 800,000 TEUs (Twenty-foot Equivalent Units) per annum, requiring a broad range of services, from skilled labour and management expertise, together with safety and operational excellence. The contract was signed by Ahmed Omar Abdulla, CEO of Abu Dhabi Polymers Company (Borouge) and Captain Abdulkareem Al-Masabi, CEO of ADNOC L&S, in a ceremony held at Borouge’s stand during ArabPlast 2019, the largest plastics, petrochemicals and rubber industry trade show in the MENA region, being held in Dubai World Trade Centre from 5-8 January 2019

Through a combined programme of strategic partnerships and investments, ADNOC will 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, private sector growth and specialised job opportunities. As the company grows its Downstream business, new opportunities will also be created for ADNOC Logistics and Services, as ADNOC Group’s shipping and logistics arm. 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 14.4 million tonnes per annum by 2025.