iPhone | iPad
Android
Huawei
Second quarter net operating income of Dh6 million compared to Dh24 million in Q1 2022 mainly due to lower trading revenues; Net loss attributable to shareholders of Dh170 million in Q2 2022 compared to net income of Dh6 million in Q1 2022
KT APPDOWNLOAD
Dulsco launch unique oil re-refinery plant in UAE
The facility is capable of processing around 2000 tonnes of oily waste generated by the marine, oil and gas per month
The environmental solutions vertical of Dulsco Group has launched an advanced oil re-refinery plant, the first of its type in the region. The facility, located at Jebel Ali, spans over 14,000sqm.
Progress within any industry comes at the expense of an unfortunate by-product “waste”. Progressively developing economies such as the UAE’s value sustainability as an integral component of the country’s development efforts, and waste management is treated with the utmost of importance.
Investing heavily in technology and innovation, Dulsco seeks to support the UAE’s agenda for sustainability and the country’s mission to achieve a circular economy.
“Our priority is to play a leading role nationally in implementing sustainable infrastructure for the future. We do this by ensuring that our values are applied through investment, expertise, and education in circular economy best practices and recycling projects. Our ultimate aim is not solely for us - we encourage others to maintain their resources for as long as possible, to extract maximum value during their lifespan. Materials can then be recovered and products regenerated as their service life comes to an end,” David Stockton, CEO, Dulsco, said.
Using expert manpower and cutting-edge technologies, Dulsco has developed environmentally aligned products and services to meet the unique needs of complex industries such as the nation’s ports and oil and gas sectors.
The company’s recent investment is a state-of-the-art oil re-refinery facility, capable of processing around 1,400 tonnes of oily waste and 600 sludge generated by the marine, oil, gas, and industrial sectors per month.
As a major regional and international trade hub, daily marine traffic into Jebel Ali and the Port of Rashid in Dubai is high, requiring a facility for safe disposal of marine waste, in line with IMO-Marpol standards.
Dulsco is the only waste management company in Dubai approved to handle all types of marine waste as per Marpol annex 1, 2, 3, 4 and 5.
“Dulsco’s re-refinery facility adds to Dubai’s goal of providing a fully-integrated resolution to the Maritime Industry’s various oily wastes to help protect the environment and our vital natural resources. Waste, oil, and oily sludge contains hazardous components. If used as fuel without treatment, toxic components are released into our environment that pollute the air we breathe and water we drink”.
“Dulsco looks forward to working closely with DP world and the marine sector in Dubai, in our efforts to provide a state-of-the-art processing facility to handle these wastes in line with Marpol and local environmental requirements.” Stockton added.
Instead of waste oil or oily sludge remaining uncontrolled in the waste supply chain, it will be collected, treated, and reused, in accordance with the highest standards.
Dulsco’s fully integrated and programmable logic controlled (PLC) plant, with a central control room, processes oily waste received, producing both light and heavy fuels.
Heavy fuel is used for burners and furnaces, while light fuel generated in-house is used for process operations. Recovered water from the plant additionally is treated and converted to irrigation quality water in Dulsco’s water treatment facility and can be re-used in its boiler or provided to end-users for their irrigation needs.
The facility thus recovers all potential reusable fractions from waste, according to rigorous health, safety, and environmental standards, creating value from waste and reflecting Dulsco’s ongoing leadership role in innovative sustainability practices.
— business@khaleejtimes.com
More news from Business
The UAE, the company’s largest market, saw high growth in merchant payments processed from domestic consumers at 20 per cent year on year, and payments from international visitors growing 92 per cent
The company's strong balance sheet will support the company’s growth strategy, including investments in digital and technological infrastructure as well as its active merger and acquisition pipeline
The company’s revenue increased 31 per cent to Dh1.041 billion as compared to Dh792 million in first half of 2021 while its operating costs dropped 16 per cent
Kashkari sticks to his view of 3.9% Fed funds rate at end-2022; Evans sees 3.4% policy rate this year; Both push back on market expectation for rate cuts next year; Inflation, employment data to determine size of Sept rate hike
Approval would save time, money on Asian routes; Q2 net profit $100m versus loss of $81m a year ago; Revenue up sharply, but still below Q2 in 2019
The transaction includes solar power projects in Turkey’s Karapanar and Gaziantep regions and a wind power project in Ankara
The five-year contract was awarded by Adnoc Offshore to Adnoc Logistics and Services (Adnoc L&S) and underpins the world-class capabilities within Adnoc’s group companies