Abu Dhabi National Oil Company (Adnoc) this week completed the first co-loading of liquefied petroleum gas (LPG) and propylene onto the same vessel.
Around 12,600 metric tons of propylene and 33,000 metric tons of LPG were loaded onto a single vessel docked in Ruwais in the UAE, creating a landmark shipment that Adnoc says will slash its shipping costs. The two fuels have to be shipped at different temperatures.
Abdulla Salem Al Dhaheri, director of marketing, sales and trading at Adnoc, said: “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.”
Al Dhaheri added: “This new practice could change the market approach to loading propylene onto larger ships and reduce propylene freight rates dramatically.”