ADNOC second blue ammonia sale
The Abu Dhabi National Oil Company (ADNOC) said that it will provide blue ammonia, in partnership with Fertiglobe, to Idemitsu in Japan, for use in its refining and petrochemicals operations, in a second sale for the UAE of blue ammonia.
“The shipment, which was sold at an attractive premium to grey ammonia, underscores the favorable economics for blue ammonia as an emerging source of low-carbon energy,” said the company in a statement.
The company said that Fertiglobe will join ADNOC and ADQ as a partner in a new 1 million metric tons per annum blue ammonia project at TA’ZIZ in Ruwais. However, subject to regulatory approvals.
KEEPING THE ENERGY INDUSTRY CONNECTED
Subscribe to our newsletter and get the best of Energy Connects directly to your inbox each week.
By subscribing, you agree to the processing of your personal data by dmg events as described in the Privacy Policy.
More oil news
Oil Holds Hefty Gain After US Inflation Slowdown Aids Sentiment
Vopak doubles investment in gas and industrial infrastructure to €2 billion by 2030
Oil Buoyed as Bullish US Figures Ease Concern About Weak Demand
Top Oil Traders Turn Bearish on Prices, Seeing Oversupply
Oil Holds Decline as Risk-Off Mood Sends Markets Into Tailspin
Petro Says Colombia Should Buy Qatar Gas to Fight Rip-Off Prices
Oil Falls as China Data Deepens Gloom and Risk-Off Takes Hold
US Ends Waiver Allowing Iraq to Buy Electricity From Iran
Stocks Bounce Back as Powell Says Economy Is Fine: Markets Wrap
