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14 November 2019
INVESTMENT

ADNOC, Emirates Global Aluminium sign long term sales agreement

The deal marks the latest milestone in the state-owned energy company’s efforts to eliminate the production of high-sulphur fuel oil and become a ‘zero-fuel oil’ refining business.

ADNOC, EMIRATES GLOBAL ALUMINIUM SIGN LONG TERM SALES AGREEMENT


Abu Dhabi National Oil Company (ADNOC) has signed a long-term agreement with Emirates Global Aluminium (EGA) to supply the premium aluminium producer with calcined petroleum coke produced by its new Carbon Black and Delayed Coker (CBDC) facility in Ruwais.

The agreement will allow EGA to acquire 40 per cent of its calcined coke—which EGA use in the aluminium smelting process—within the UAE, reducing its logistics costs and reliance on imports.

HE Dr Sultan Ahmed Al Jaber, the UAE Minister of State and ADNOC Group CEO, said, “The agreement contributes to further increasing the local economic benefit generated from the UAE’s natural resources and deepens ties as well as integration between two of the country’s most important industries.”

ADNOC Refining’s Carbon Black and Delayed Coker complex in Ruwais is central to the strategy of maximising value from oil production and processing, said Al Jaber. The facility processes the heavy residue material left over from the refining of crude oil and converts it into more valuable refined products.

ADNOC made zero-fuel oil refining a priority in response to the International Marine organisation’s (IMO) 2020 Regulations—which seeks to limit the environmental impact of global shipping fleets by reducing the sulphur contents in marine fuels from 3.5 per cent to 0.5 per cent.


RELATED STORIES: ABU DHABI NATIONAL OIL COMPANY EMIRATES GLOBAL ALUMINIUM CARBON BLACK AND DELAYED COKER

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