The Abu Dhabi National Oil Company (ADNOC) has signed a long-term agreement with Emirates Global Aluminium (EGA) to supply calcined petroleum coke produced by its new Carbon Black and Delayed Coker (CBDC) facility in Ruwais.
The deal will allow EGA to source up to 40% of its calcined coke requirements locally, reducing its logistics costs and reliance on imports. EGA uses calcined petroleum coke in the aluminium smelting process.
H.E. Dr Sultan Ahmed Al Jaber, the UAE Minister of State and ADNOC Group CEO said: “For many decades, ADNOC has been a catalyst for growth, development and diversification in the UAE. This agreement contributes to further increasing the local economic benefit generated from the UAE’s natural resources and deepens ties and integration between two of the UAE’s most important industries. It also underlines ADNOC’s commitment to driving economic growth and diversification in the UAE.
“This partnership will enable ADNOC to maximize the value extracted from every barrel of oil that is produced and processed. ADNOC Refining’s Carbon Black and Delayed Coker complex is central to this strategy. It processes the heavy residue material left over from the refining of crude oil and converts it into more valuable refined products.”
The agreement with EGA also represents the latest milestone in ADNOC’s efforts to eliminate production of high-sulfur fuel oil and become a zero-fuel oil refining business. ADNOC made zero-fuel oil refining a priority in response to the International Marine Organization’s (IMO) 2020 Regulations, according to EGA press release.
Khaldoon Khalifa Al Mubarak, Chairman of EGA and Managing Director and Group CEO of the Mubadala Investment Company said: “Emirates Global Aluminium is one of the UAE’s most critical industrial assets and a world leader in the global aluminium sector. Strengthening local supply chains that connect two of the nation’s most substantial energy and industrial exporters demonstrates the maturity of our economic base.” (From Aluminum Network)