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27/05/2025 06:16 AST
Fertiglobe, an ADNOC subsidiary based in the UAE, is currently evaluating several strategic projects before making final investment decisions. These include a collaborative project with Exxon in the US and additional prospective ventures in Abu Dhabi.
The company is advancing its project in Ruwais Industrial City, Abu Dhabi, to produce one million tonnes of low-carbon ammonia, said Fertiglobe CEO Ahmad Al Hoshy while talking to WAM during the 'Make it in the Emirates' event.
According to him, Fertiglobe's current annual production of ammonia and urea stands at 6.6 million tonnes, with plans to increase this to 7.6 million tonnes by 2027 upon the new project's completion and operational launch.
Al Hoshy said Fertiglobe anticipates a final investment decision in 2025 for a renewable ammonia project in Egypt.
Fertiglobe's recent acquisition of assets in Australia will help facilitate product distribution in key markets, he stated.
"We continue to monitor global markets in search of new opportunities that allow us to create added value and expand our footprint," he added.
Trade Arabia
| Ticker | Price | Volume |
|---|
29/05/2025
The Dubai Residential Real Estate Investment Trust (REIT) made a remarkable debut on the Dubai Financial Market (DFM) today, with its unit price surging 13.63% to close at Dh1.25, up from the initial
Gulfnews
29/05/2025
As climate action becomes increasingly urgent across industries, Omantel is stepping forward with a clear commitment to sustainability. The company has formally adopted a Net Zero target for 2050 and
Muscat Daily
29/05/2025
In recognition of its exceptional services and continued achievements both locally and regionally, National Investments Company (NIC) has been awarded the title of Best Investment Bank in Equity Mark
Kuwait Times
29/05/2025
Commercial Bank, a leader in innovative digital financial solutions, has been awarded with "Best Bank for SMEs" in Qatar by the prestigious Euromoney Awards for Excellence for the year 2025.
The Peninsula
29/05/2025
Vodafone Qatar has recently announced an agreement with Nokia to lead a nationwide network modernisation that will enable it to deliver faster, more secure, and highly adaptable 5G services to consu
The Peninsula
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