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ADNOC adds solvents, white spirit to products portfolio in diversification drive

February 18/2021

MOSCOW (MRC) -- The Abu Dhabi National Oil Company (ADNOC), announced , that it has added White Spirit and Solvents to its refined products portfolio, said Chemweek.

This allows ADNOC to capture more value from Abu Dhabis natural resources, producing products that can be used by domestic industry to promote In-Country manufacturing, while also expanding its market reach internationally.  White Spirit & Solvents are produced by ADNOC Refining in Ruwais. These specialty products have various industrial and household applications and are used to produce products such as varnish, adhesives, inks, paint thinners and cleaning agents.

Mr. Abdulla Ateya Al Messabi, CEO of ADNOC Refining, said: In our Refineries, we continue to focus on stretching the margin from every barrel of oil that we process.  I am proud of our teams who responded swiftly and efficiently to market dynamics, expanding and diversifying our product range and unlocking value from our operations and resources. These products will enable ADNOC to extend its reach to new markets and widen its customer base."

The expansion of ADNOC's product range is also part of its broader downstream 2030 Smart Growth Strategy. The strategy capitalizes on Abu Dhabi's proximity to global growth markets, access to competitive feedstock, and its attractive fiscal and regulatory environment. Since launching the strategy in 2018, ADNOC has attracted significant foreign investment into Ruwais and expanded downstream partnerships across its refining, fertilizer, and pipeline assets. This strategy is transforming Ruwais into a world-class and globally competitive chemicals cluster, stimulating private sector activity and long-term specialized employment opportunities, particularly for those from the Al Dhafra region.

ADNOC Refining produces more than 40 million metric tons of high-quality refined products to markets around the world. It has the capacity to refine more than 922,000 barrels of crude oil and condensate per day into various products, including liquefied petroleum gas, naphtha, gasoline, jet fuel, diesel, base oil, and petrochemical feedstock; such as propylene. It also produces specialty products such as carbon black and calcined coke.

Since 2019 ADNOC Refining has been run as a joint venture company between ADNOC and the European energy firms Eni and OMV.

As MRC reported previously, in early May, 2020, Abu Dhabi National Oil Company (ADNOC) began a gradual restart of its Ruwais oil refinery complex after a scheduled maintenance shutdown. The Ruwais complex, which has capacity of 835,000 barrels per day, was shut down early this year, the ADNOC spokesman said.

And in late July 2019, ADNOC said its Ruwais refinery west cracker was offline for maintenance.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 2,220,640 tonnes in 2020, up by 2% year on year. Only shipments of low density polyethylene (LDPE) and high density polyethylene (HDPE) increased. At the same time, polypropylene (PP) shipments to the Russian market reached 1 240,000 tonnes in 2020 (calculated using the formula: production, minus exports, plus imports, excluding producers' inventories as of 1 January, 2020). Supply of exclusively PP random copolymer increased.


mrcplast.com
Author:Anna Larionova
Tags:petroleum products, PP, PE, petrochemistry, ADNOC, Saudi Arabia.
Category:General News
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