TA’ZIZ progresses with low-carbon ammonia shareholder agreement

TA’ZIZ progresses with low-carbon ammonia shareholder agreement

ABU DHABI, 18th January, 2023 (WAM) -- Abu Dhabi Chemicals Derivatives Company RSC Ltd (TA’ZIZ) announced today the signing of a shareholder agreement with Fertiglobe, GS Energy Corporation (GS Energy) and Mitsui & Co., Ltd. (Mitsui), to develop an anticipated 1 million tons per annum low-carbon ammonia production facility at the TA’ZIZ Industrial Chemicals Zone.

The move is a further step in the project’s journey towards a final investment decision (FID).

The facility will reinforce Abu Dhabi’s position as a leader in low-carbon fuels and capitalise on the growing demand for low-carbon ammonia as a carrier fuel for clean hydrogen. The agreement builds on ADNOC’s deep experience in Carbon Capture, Utilisation and Storage (CCUS), Fertiglobe’s world-leading ammonia capabilities, and Mitsui and GS Energy’s leading roles in industrial decarbonisation.

It follows several agreements signed by ADNOC to explore hydrogen supply opportunities with customers in key demand centres including the Ministry of Economy, Trade and Industry of Japan, Japan’s Mitsui and Korea’s GS Energy.

Khaleefa Yousef Al Mheiri, TA’ZIZ Acting Chief Executive Officer, said, “This is a significant milestone in the development of our low-carbon ammonia business and further strengthens the UAE’s hydrogen value proposition. We are building on the collective strengths of our partners and