Fertiglobe, a subsidiary of ADNOC based in the UAE, is currently assessing a number of strategic initiatives ahead of confirming final investment decisions.
These initiatives include a partnership with Exxon in the United States, along with other potential projects in Abu Dhabi.
Fertiglobe CEO Ahmad Al-Hoshy told the Emirates News Agency (WAM) during the ‘Make it in the Emirates’ event that the company is moving forward with its development in Ruwais Industrial City, Abu Dhabi, which aims to produce one million tonnes of low-carbon ammonia. Fertiglobe currently produces 6.6 million tonnes of ammonia and urea annually, with ambitions to increase this to 7.6 million tonnes by 2027 following the completion and operational launch of the new facility.
Al-Hoshy further mentioned that a final investment decision regarding a renewable ammonia project in Egypt is expected in 2025.
In the meantime, Al-Hoshy highlighted Fertiglobe’s recent acquisition of assets in Australia, noting that this will enhance product distribution in key markets. He added, “We continue to observe global markets for opportunities that deliver added value and enable us to broaden our reach.”
Commenting on the firm’s recent financial results, Al-Hoshy reported a strong start to 2025, with EBITDA reaching USD 261 million, reflecting a 45% year-on-year rise, and free cash flow standing at USD 213 million, marking a 37% year-on-year increase.
