Initiative delivers more efficient and competitive offering for ADNOC L&S customers
Abu Dhabi: ADNOC Logistics & Services (ADNOC L&S), the marine and logistics subsidiary of the Abu Dhabi National Oil Company (ADNOC), announced, today, that it has reduced fuel consumption and carbon emissions by 23% across a fleet of 27 vessels.
The ‘Al Daffah Energy Efficiency Project’ is one of many ongoing initiatives by the shipping and logistics giant to deliver greater operational efficiency and a more competitive offering to its customers. As the owner and operator of 27 shipping vessels and a total fleet of 122 shipping and offshore vessels, the impact of the project has been significant, as bunkering costs represent one of the largest operating expenses for operators. Since 2013, ADNOC L&S has reduced its CO2 emissions by 1 million tons. It is the UAE’s largest fully integrated maritime and logistics company.
Captain Abdulkareem Al Masabi, CEO of ADNOC L&S, said: “The ‘Al Daffah Energy Efficiency Project’ is a powerful example of what we can achieve by embracing the ADNOC values and by harnessing our industry expertise and partnerships to deliver greater value for our customers.”
The project heavily leveraged digitization to improve energy performance, including to aid route planning, improve fuel monitoring and optimize engine speed. Upgrades – such as the installation of more efficient propellers and high-performance hull coating –improved vessel thrust. The company also took advantage of favorable market rates to charter an additional LNG vessel, ensuring that slow steaming could be adopted across the fleet, without affecting delivery schedules.
Captain Mohammed Al-Ali, Senior Vice President, Ship Management at ADNOC L&S, said: “Together, with our industry partners and classification societies, we have constantly re-assessed, challenged and developed our capabilities to deliver more for less, in a challenging market. As the results show, the level of dedication towards achieving our ambitious targets has been unfaltering throughout this project.”
A key tenet of ADNOC’s 2030 growth strategy is to maximize value from every barrel to deliver the greatest returns to the UAE. To date, the accumulated fuel savings from the ‘Al Daffah Energy Efficiency Project’ are 325,000 metric tons of heavy fuel oil – which is equivalent to the load of a VLCC tanker – exemplifying the significance of the project’s cumulative future worth, as ADNOC expands its production and downstream activities.
ADNOC is one of the world’s leading diversified energy and petrochemicals groups with a daily output of about 3 million barrels of oil and 10.5 billion cubic feet of natural gas. With 14 specialist subsidiary and joint venture companies, ADNOC is a primary catalyst for the UAE’s growth and diversification. To find out more visit www.adnoc.ae.
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About ADNOC Logistics & Services
ADNOC Logistics & Services provides world-class shipping, maritime, port, and logistics, serving ADNOC and international customers. ADNOC Logistics & Services is a crucial link in the ADNOC supply chain, delivering the Group’s oil, gas and petroleum products from Abu Dhabi to the world and also serving global customers. ADNOC Logistics & Services is 100% owned by ADNOC.
© Press Release 2019