Fertiglobe is to take control of Adnoc’s 35% stake in ExxonMobil’s planned world-beating 860,000 t/y blue hydrogen and 1mn t/y blue ammonia project in Baytown, Texas. “The addition of the US project to Fertiglobe’s portfolio… transforms us into a low-carbon ammonia growth platform with global reach and the ability to advantageously serve emerging demand centres across all locations,” Fertiglobe CEO Ahmed El-Hoshy says.
Adnoc, which entered the project in September (MEES, 6 September), “will transfer its 35% equity interest in the Baytown Texas low-carbon ammonia project in the US, along with the two low-carbon ammonia UAE projects, to Fertiglobe, positioning us as the world’s largest low-carbon ammonia producer by 2029,” Mr Hoshy says. MEES calculates that Fertiglobe could by then have close to 2mn t/y of net low carbon ammonia output (see table). (CONTINUED - 1660 WORDS)
