ADNOC, Fertiglobe further strengthen UAE-Japan low-carbon cooperation

ADNOC, Fertiglobe further strengthen UAE-Japan low-carbon cooperation

ABU DHABI - (ADNOC) announced today that, in partnership with Fertiglobe, it has sold a cargo of blue ammonia to INPEX in Japan, for use in power generation applications. The sale builds upon recently announced joint efforts to enhance industrial cooperation between the UAE and Japan and support the development of new UAE-Japan blue ammonia supply chains and follows the recent sale of blue ammonia cargos to Japan’s and Idemtisu. ADNOC and INPEX have a longstanding and trusted partnership. INPEX participates in a number of ADNOC’s upstream concessions, has partnered with ADNOC and Intercontinental Exchange Inc on the launch of ICE Futures Abu Dhabi, and most recently announced participation in a joint study agreement with ADNOC and other Japanese partners to explore the commercial potential of blue ammonia production in the UAE. Fertiglobe, a 58:42 partnership between OCI and ADNOC, will produce blue ammonia at its Fertil plant in the Ruwais Industrial Complex in Abu Dhabi for delivery to ADNOC’s customer, INPEX, in Japan. The shipment, which was sold at an attractive premium to grey ammonia (ammonia produced without CO2 capture and sequestration), underscores the favorable economics for blue ammonia as an emerging source of low-carbon energy. The sale represents