Adnoc boosts stake in Fertiglobe to 86.2pc
Oil and Gas News|November 2024
ADNOC has completed its acquisition of OCI Global's 50 per cent + 1 shareholding in Fertiglobe, increasing its share in the company to 86.2 per cent.
Adnoc boosts stake in Fertiglobe to 86.2pc

Fertiglobe is one of the largest seaborne exporter of urea and ammonia combined, exporting to 53 countries with a 10 per cent collective market share of global trade in these products.

The acquisition represents another milestone in Adnoc's ambitious chemicals growth strategy, the expansion of its low-carbon fuels business, and supports its goal to become a top five global chemicals player.

Fertiglobe will become the platform for Adnoc's growth in fertiliser and low-carbon ammonia. Adnoc will transfer its stakes in existing and future low-carbon ammonia projects to Fertiglobe at cost and when ready for startup, creating a world-class growth platform for lowcarbon ammonia as a key energy transition fuel.

この記事は Oil and Gas News の November 2024 版に掲載されています。

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