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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
05/08/2025
Fertiglobe, the world's largest seaborne exporter of urea and ammonia combined, reported a revenue of $566 million in the second quarter of 2025, reflecting a 14% year-on-year increase.
Adj
Trade Arabia
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08/08/2025
Burjeel Holdings, a leading super-specialty healthcare services provider in MENA, has delivered a strong top-line growth of 18.7% to AED1,403 million ($381.98 million) in Q2 2025, driven by a 12.1% i
Trade Arabia
08/08/2025
Saudi Arabian Mining Company (Maaden) has reported a 73% jump in its net profit for the first half, which soared to SAR3.47billion ($924 million) from SAR2.01 billion ($535 million) last year, mainly
Trade Arabia
08/08/2025
Market heavyweight Industries Qatar (IQ) - the holding entity of Qatar Petrochemicals, Qatar Fertiliser and Qatar Steel - has reported net profit of QR2bn in the first half (H1) of 2025.
The
Gulf Times
08/08/2025
Aramex reported group revenues of Dh3.06 billion for the first half of 2025, marking a 1% year-on-year increase, as growth in domestic and regional logistics offset weakness in international express
Gulfnews
08/08/2025
Parkin Company PJSC, the city's largest paid public parking provider, reported a record 56% year-on-year rise in Q2 2025 revenue to Dh320 million, driven by higher public parking tariffs, strong enfo
Gulfnews
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