ADNOC L&S to transport 70% of Borouge's production in $531mn deal
Borouge and ADNOC Logistics & Services (L&S) have entered a 15-year strategic partnership, under which the Abu Dhabi logistics company will manage the transportation of up to 70 per cent of Borouge's annual production.
Apart from enhancing Borouge's supply chain network, the service agreement will deliver a minimum guaranteed value of US$531 million (AED 1,95 billion) for ADNOC L&S. It will also support the next phase of Borouge's growth plans and lead to operational cost savings over the full contract term, realising more than US$50 million in cost savings and efficiencies in the first five years alone.
The agreement covers port management, container handling, and feeder container ship services for the Borouge Container Terminal in Al Ruwais Industrial City, Abu Dhabi.
Borouge and ADNOC L&S strengthen collaboration
ADNOC L&S will deploy a minimum of two dedicated container feeder ships to transport Borouge's products from Al Ruwais to the deepwater ports of Jebel Ali in Dubai and Khalifa Port in Abu Dhabi.
Borouge plans to ramp up production capacity by 1.4 million tonnes per annum by the end of 2026 through its Borouge 4 mega project, thus becoming the world's largest single-site polyolefin complex.
Hazeem Sultan Al Suwaidi, CEO of Borouge, commented: 'This agreement builds on our longstanding collaboration with ADNOC L&S, a partnership that has been instrumental in meeting the evolving needs of our customers in high-growth markets.
'It brings significant benefits to Borouge, driving substantial operational cost savings and enhancing our Logistics Variable Cost (LVC), as well as complementing our existing rail operations and expanding the flexibility of our supply chain network.
'With the rapid increase in our production capacity, we are advancing our capabilities in delivering differentiated products and solutions efficiently, while keeping pace with rising global demand.'
The partnership also reinforces ADNOC L&S' commitment to delivering innovative, integrated supply chain solutions that enhance trade, strengthen industrial resilience, and support the UAE's vision for economic diversification and global leadership.
Captain Abdulkareem Al Masabi, CEO of ADNOC L&S, added: 'This comprehensive container terminal agreement marks a major milestone in our successful partnership with Borouge, delivering on ADNOC L&S' strategy to provide seamless, end-to-end logistics solutions that power the UAE's industrial growth and export ambitions.
'By leveraging our extensive maritime and logistics expertise, we are ensuring that Borouge's world-class petrochemical products reach global markets efficiently and competitively.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Arabian Business
an hour ago
- Arabian Business
Etihad growth continues with 19% passenger uplift to 1.7m in May
Etihad Airways carried 1.7m passengers in May, representing a 19 per cent increase compared to the same month last year. This continued growth reflects the airline's strategic expansion and strong market positioning. Passenger load factor climbed to 87 per cent, up from 84 per cent in May 2024, reinforcing the carrier's ability to optimise capacity while maintaining high demand. Etihad Airways growth The airline's operating fleet now stands at 100 aircraft, supporting its growing network and service enhancements. In the first five months of 2025, 8.4m travellers have flown with Etihad, a 17 per cent rise from the same period in 2024, with the airline maintaining an impressive 87 per cent average passenger load factor. Antonoaldo Neves, Etihad Airways CEO, said: 'We saw a pleasing continued growth in our momentum, with May's passenger numbers growing by 19 per cent year-on-year, underlining our position as the fastest-growing Middle East airline. 'Our year-to-date results show more than 8m customers have flown with us in 2025, and our rolling 12-month figure now stands at almost 20m, a testament to the trust placed in Etihad's service. 'We reached an exciting milestone in May as our fleet number reached the 100 mark. As we continue expanding our route network and growing our fleet in the coming months, our focus remains on delivering a seamless and exceptional customer experience.'
The National
an hour ago
- The National
World watches as national climate goals loom over Cop30
Leading figures have sounded the alarm as they gathered in the UAE ahead of the next major round of UN climate talks at Cop30, in Brazil. Speaking at an event in Abu Dhabi on Thursday, Majid Al Suwaidi, chief of climate investment vehicle, Alterra, warned that the talks are up against 'significant challenges'. 'To date, only 15 updated Nationally Determined Contributions (NDCs) have been submitted,' Mr Al Suwaidi said. While the original deadline was February, a revised cut off in September is now the last window to submit updated pledges before Cop30 opens in Belem, Brazil, in November. Both Brazil and the UAE laid out robust NDCs ahead of the initial February deadline. 'Ambition and finance go hand in hand,' Mr Al Suwaidi added. 'The world will be watching closely to see whether these NDCs rise to the level of ambition that we truly need.' Mr Al Suwaidi, a seasoned climate negotiator and Cop28 director general, praised Brazil's leadership skill, noting the country's track record of inclusive dialogue and its symbolic role as steward of the Amazon. 'I have great confidence in the Brazilian residency, their diplomatic skills have been evident throughout the climate negotiations, and was on full display during their successful G20 presidency last year.' EU's NDC's on track to meet new deadline Discussions at Cop30 are expected to focus on whether national climate plans will collectively keep humanity on track to meet the Paris Agreement's goals, as well as on the mobilisation of $1.3 trillion in climate finance hammered in at climate talks at Cop29. At Cop29 in Baku, Azerbaijan, Marina Silva, Brazil's Minister of Environment, described it as the finance Cop but claimed Cop30 would be the Cop of NDCs. Climate activists hope more can be achieved in Brazil than in Baku. EU ambassador to the UAE, Lucie Berger, confirmed to The National that the bloc is on track to submit its updated contribution by September, but noted that all 27 member states must align through democratic processes. Ms Berger pointed to Cop28 in Dubai as a turning point, where global agreement was reached on transitioning away from fossil fuels and tripling renewable energy capacity. 'We've shown that coalition-building around shared causes works,' she said. 'Now we need to bring that same spirit to Cop30.' Ms Berger also highlighted the Amazon as a fitting host for the summit's 30th milestone. 'We need to see measurable, inclusive progress on nature, biodiversity, and deforestation,' she said. On the ground, she added that the EU and the UAE are looking to co-operate on clean energy projects in the Middle East and North Africa, as well as explore co-operation on carbon trading and pricing. 'I think we're currently looking for more strategic partners and the UAE comes naturally to mind,' she said. What is at stake? For Pacific nations on the front lines of climate disruption, firm national and financial commitments cannot come soon enough. Fiji's ambassador to the UAE, Siddiq Koya, warned that time is running out for communities facing rising seas, worsening storms and crop loss. 'This is the last batch of NDCs that matter,' he said. 'For the Pacific, 1.5°C is not a policy preference – it's a red line for survival.' He stressed the need for finance systems that are accessible and tailored to vulnerable nations' needs. 'We are delivering, but we cannot deliver alone,' he said, mentioning loss of coral reefs, forced relocations and unsustainable rebuilding cycles. Christoph Klarmann, Chargé dÁffaires of the German embassy, echoed those concerns. Recounting a recent landslide in the Swill Village of Blatten caused by glacial melt, he warned: 'Climate change is not just a climate emergency. It is actually a human emergency. The consequences affect water, food, health, security and ultimately peace.' Germany, he added, remains committed to its net zero target by 2045, and views the UAE's new climate law and corporate decarbonisation requirements as positive progress.
UAE Moments
an hour ago
- UAE Moments
Huda Kattan Is Donating AED 1 Million — You Pick the Cause
Huda Kattan just dropped two major announcements — and both are setting the internet on fire. First up: Huda Beauty is officially 100% independent. Second? To mark the milestone and celebrate Eid Al Adha, the Dubai-based entrepreneur is giving away AED 1 million — and she wants YOU to help decide where it goes. Read More: Huda Kattan Reclaims Full Ownership of Huda Beauty From full independence to full impact After buying back the remaining shares of Huda Beauty, Huda is now fully self-funded and family-owned. But instead of making it all about the business win, she's choosing to shift the spotlight to something bigger — giving back. Fans get a say in the AED 1M donation In a bold move that's turning heads, Huda is crowdsourcing the cause. She invited her followers to drop suggestions in the comments, turning her feed into a heartwarming stream of charity recs, personal stories, and powerful community-driven ideas. Thousands have already joined in. Huda's always put her platform to work This isn't a PR stunt. Huda has long been known for putting her money — and voice — where her heart is. Over the past two years, she's donated over $1.5 million to humanitarian causes in Palestine, Lebanon, and Gaza, supporting organizations like Doctors Without Borders and Human Appeal. She's also stayed unapologetically vocal about injustice — even when it meant taking risks. From social media backlash to industry pushback, she's never backed down. Real power, real people This time, the AED 1 million donation isn't just generous — it's interactive. It's a social media moment turned movement. Fans are cheering her on, nominating grassroots orgs, international NGOs, and local causes that rarely get mainstream shine. So what's next? Huda hasn't revealed the chosen cause just yet, but if her track record's anything to go by, it'll be bold, heartfelt, and game-changing. And the message is clear: this isn't just a beauty empire — it's a platform for good. Read More: The Beauty Mogul Huda Kattan Launches her Own Podcast
