Abu Dhabi – Mubasher: The Abu Dhabi National Oil Company (ADNOC) on Tuesday announced that it has successfully completed the first co-loading of Liquefied Petroleum Gas (LPG) and Propylene onto the same vessel, which was docked in Ruwais.
In normal circumstances, LPG and Propylene are transported separately.
ADNOC has safely loaded around 12,600 metric tonnes of Propylene and 33,000 metric tonnes of LPG onto a single vessel, according to the company’s statement.
“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,” Abdulla Salem Al Dhaheri, director of marketing, sales and trading at ADNOC, said.
He added that shipping costs or freight rates 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,” Al Dhaheri noted.
To complete the process safely, the state-run oil firm conducted a number of workshops with its customers, product specialists and ADNOC Group Companies involved in the loading operation.
“This new practice could change the market approach to loading Propylene onto larger ships and reduce Propylene freight rates dramatically,” Al Dhaheri pointed out.
