Abu dhabi: AD Ports Group and IRH Global Trading Ltd. have signed a Memorandum of Understanding (MoU) to explore strategic cooperation in bunkering services and alternative marine fuels at Khalifa Port.
According to Emirates News Agency, the MoU outlines potential collaboration across various areas, including the provision of bunkering services to vessels calling at Khalifa Port, the development of alternative fuel solutions such as Liquefied Natural Gas (LNG), biofuels, and methanol, and the exploration of opportunities related to fuel storage infrastructure, terminal facilities, and fuel sampling and testing capabilities.
Saif Al Mazrouei, CEO of Ports Cluster - AD Ports Group, stated that the collaboration reflects their commitment to strategic alliances that create long-term sustainable value. He emphasized that by working with partners like IRH, they aim to enhance capabilities and support infrastructure and services that reinforce the UAE's position as a leading global trade and logistics hub.
Ali Rashed Alrashdi, Group CEO of International Resources Holding, highlighted that the collaboration with AD Ports Group aligns with IRH's commitment to strategic partnerships that drive economic impact. He noted that as they develop their global energy trading platform, bunkering and alternative marine fuels present growth opportunities, and Khalifa Port serves as an ideal base to explore these.
Through this collaboration, AD Ports Group and IRH Global Trading aim to further enhance Khalifa Port's value proposition as a multi-purpose, deep-water port supporting efficient and sustainable maritime operations.
IRH Global Trading is a strategic global commodities trading firm with interests across the mining and energy value chain. They plan to build a diversified global minerals and energy trading platform, including LNG, LPG, crude oil, and petroleum products, leveraging IRH's international trading capabilities alongside AD Ports Group's port infrastructure and trade ecosystem.