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Monday, June 16, 2025 1:37 GMT
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.