ABU DHABI, UAE: Fertiglobe, the strategic partnership between ADNOC and OCI Global, has completed the first shipment of the world’s first internationally recognized renewable ammonia with ISCC PLUS (International Sustainability and Carbon Certification) certification. The renewable ammonia was produced at the company’s facilities in Egypt using renewable hydrogen from its pilot Egypt Green Hydrogen electrolyzer…
All posts tagged Fertiglobe
Fertiglobe and AD Ports Group join forces to boost fertilizer and green fuel trade
ABU DHABI, UAE: Fertiglobe, a joint venture between ADNOC and OCI Global, is the world’s biggest exporter and producer of urea and ammonia, which are used as fertilizers. It also makes green ammonia, which is a clean fuel. Fertiglobe has signed an agreement with AD Ports Group, a company that manages ports and logistics in…
Fertiglobe reports lower revenue amid European gas prices and shipment deferrals
ABU DHABI, UAE: Fertiglobe, the joint venture between ADNOC and OCI Global, has reported its financial results for Q1 2023, revealing a revenue of $694 million, adjusted EBITDA of $297 million, adjusted net profit of $135 million, and free cash flow of $271 million. The lower selling prices during the quarter was due to continued…
Fertiglobe selects Plug Power for Egypt amonia project
ABU DHABI, UAE: Fertiglobe (ADX: FERTIGLB) led consortium selected Plug Power Inc. (NASDAQ: PLUG) as the technology provider for a 100 megawatts electrolyzer to produce green hydrogen as feedstock for up to 90,000 tons of green ammonia production at EBIC in Ain Sokhna, Egypt. Fertiglobe, the strategic partnership between OCI N.V. (Euronext: OCI) and the…
Fertiglobe, first free zone company, commences trading on ADX
AMSTERDAM: Fertiglobe has become the first free zone company to list onshore in the UAE, with trading in the shares to commence on the Abu Dhabi Exchange (ADX) on Wednesday. The Initial Public Offering (IPO) was oversubscribed more than 22 times in aggregate, and 32 times for the Qualified Investor tranche (excluding cornerstone investors). OCI…
Fertiglobe partners with Scatec and TSFE to develop green ammonia project in Egypt
AMSTERDAM, NETHERLANDS: Fertiglobe, the partnership between OCI N.V. and Abu Dhabi National Oil Company (ADNOC), has entered into an agreement with Scatec ASA and TSFE to jointly develop a 50-100 MW electrolyzer facility to produce green hydrogen as feedstock for green ammonia production. The facility will be located near Fertiglobe’s subsidiary EBIC in Ain Sokhna…
Fertiglobe acquires 15% Stake in EBIC for $43 million
AMSTERDAM, NETHERLANDS: OCI N.V. announced Fertiglobe has agreed with a KBR-led consortium (NYSE: KBR), which includes Mitsubishi, JGC and Itochu, to buy their combined 15% stake in Egypt Basic Industries Corporation (EBIC) in Egypt for a total consideration of $43 million. This brings Fertiglobe’s stake in EBIC to 75%, further streamlining the group’s ownership structure,…
Fertiglobe joins TA’ZIZ as partner in Abu Dhabi world-scale blue ammonia project in Abu Dhabi
AMSTERDAM, NETHERLANDS: OCI N.V. announced that Fertiglobe has signed an agreement with TA’ZIZ to join a world-scale blue ammonia production project in Ruwais, Abu Dhabi. The agreement further strengthens the UAE’s hydrogen value proposition, building on the deep experience in carbon capture and storage of ADNOC, and the world leading ammonia capabilities of Fertiglobe, to…