Fertiglobe, a joint venture between Adnoc and OCI, has positioned itself for a significant expansion in long-term ammonia contracts following Adnoc's acquisition of a 25% stake from OCI. This move strengthens Fertiglobe's ambitions in the global clean ammonia sector, particularly amid rising demand for low-carbon solutions. CEO Ahmed El Hoshy, while highlighting the company’s ongoing contract negotiations, affirmed that the deal would unlock more opportunities for sustained ammonia supply agreements, driven by demand from sectors such as power generation, shipping, and industrial manufacturing.

The acquisition is seen as part of Adnoc's broader strategy to enhance its portfolio in clean energy and sustainable industrial products, aligning with the global energy transition. Fertiglobe, already a key player in the production of low-carbon ammonia, has expanded its export market, leveraging Abu Dhabi’s strategic location and its access to competitive natural gas resources. The company’s focus on clean ammonia production underscores its role in facilitating the decarbonization goals of energy-hungry industries, many of which are turning to ammonia as a potential fuel source or hydrogen carrier.