Thursday, 13 January 2022

#AbuDhabi's Fertiglobe set to play 'big role' in global energy transition

Abu Dhabi's Fertiglobe set to play 'big role' in global energy transition

Fertiglobe, the Abu Dhabi-based chemicals joint venture of energy major Adnoc and Netherlands-listed OCI, is investing in several initiatives to produce low and zero-carbon ammonia to help the world reduce its carbon footprint, its chief executive said.

The company, the world’s top seaborne exporter of urea and ammonia, seeks to help existing and new clients looking to use hydrogen in the form of ammonia for marine fuels, power generation and other industrial applications, Ahmed El Hoshy told The National in an interview.

“We are going to play a very big role in the energy transition because there is a lot of discussion around hydrogen being a solution and its ability to provide energy,” said Mr El Hoshy, who is also chief executive of OCI.

“Today, hydrogen — for our purposes ammonia — can be used to decarbonise over 80 and potentially 90 per cent of global greenhouse gas emissions.”

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