ADNOC’s listed companies post over $2.3 billion net profit in first quarter
Abu Dhabi, UAE -- ADNOC Group's publicly traded portfolio companies combined to deliver over $2.3 billion (AED8.4 billion) in first quarter net profit. Each of the six companies delivered strong financial results in the first quarter, alongside clear progress on strategic priorities aimed at driving profitable growth. ADNOC Distribution delivered...
First internationally recognized renewable ammonia shipment made
Dubai, UAE -- Abu Dhabi-based Fertiglobe, a strategic partnership between ADNOC and OCI Global, has completed the maiden shipment of the world's first internationally recognized renewable ammonia with ISCC PLUS (International Sustainability and Carbon Certification) certification. The renewable ammonia, generated at Fertiglobe's facilities in Egypt utilizing renewable hydrogen from its...
Fertiglobe Q3 revenue of $525m
The firm recently launched steps to optimize its cost structure.
ADNOC, Fertiglobe to pilot cost-effective modular carbon capture technology
ABU DHABI, UAE – ADNOC and Fertiglobe on Tuesday announced the pilot deployment of the world’s first cost-effective modular CycloneCC carbon capture unit at Fertiglobe’s 100 percent owned nitrogen fertilizer plant in the Al Ruwais Industrial Complex here. Fertiglobe was formed as a strategic partnership between ADNOC and OCI Global....Fertiglobe Q1 net profit $135m
The company posted Q1 revenue of US$694 million.Work begins on world’s first fully sequestered CO2 injection project
The project, which is expected to begin injecting CO2 in the second quarter of this year, will initially fully sequester a minimum of 18,000 tons per annum of CO2 captured from Fertiglobe's UAE operations for injection in Abu Dhabi's onshore carbonate aquifers.
TA’ZIZ signs ammonia agreement
The pact was signed with Fertiglobe, GS Energy and Mitsui & Co.
Fertiglobe Q3 revenues up $1.32bn
Adjusted EBITDA grew 64 percent to US$606 million.
ADNOC’s first shipment of low-carbon ammonia leaves for Germany
Abu Dhabi, UAE: Abu Dhabi National Oil Company (ADNOC) announced on Thursday that its first shipment of low-carbon ammonia has left the UAE bound for Hamburg, Germany. This is the first ever cargo of low-carbon ammonia to be shipped to Germany. The demonstration cargo will be delivered to Aurubis, a...Fertiglobe revenue up 105%
The EBITDA grew 155 percent to $770 million in Q2 2022Fertiglobe revenue grows by 118 percent
The company raised its H1 2022 dividend guidance to at least $700 million.Fertiglobe revenues up 175 percent in Q3
The company expects the strong showing to continue in Q4.
Fertiglobe completes IPO on Abu Dhabi Securities Exchange
The initial public offering (IPO), which raised over $795 million, experienced strong demand from local and international investors, with orders amounting to over $17.4 billion and oversubscription above 22 times in aggregate, and 32 times for the Qualified Investor tranche (excluding cornerstone investors).
Fertiglobe IPO set for $6bn valuation as subscription ends
Fertiglobe, the fertilizer firm, is all set to earn a $6 billion valuation as 114.6 million shares were allocated on the Abu Dhabi stock market.Fertiglobe IPO may raise $827m
The IPO starts Wednesday and will continue to October 18.Fertiglobe plans IPO in Abu Dhabi
Fertiglobe is a fertilizer partnership of Adnoc and OCI.ADNOC and Fertiglobe to sell blue ammonia to Idemitsu
The sale is part of UAE-Japan industrial cooperation and development of ammonia supply chains.ADNOC sells its first cargo of blue ammonia to Itochu
The sale was made in partnership with Fertiglobe, which will produce blue ammonia at its Abu Dhabi plant for delivery to ADNOC’s customers in Japan.Fertiglobe to join first-of-its-kind blue ammonia project in Ruwais
Final investment decision expected in 2022, and the start-up is targeted for 2025 The TA'ZIZ facility’s capacity will be up to 1 million tons per annum Fertiglobe, the largest seaborne exporter of nitrogen fertilizers globally and the largest nitrogen producer in the MENA region, will join the blue ammonia...
