{"id":79621,"date":"2023-09-19T01:00:19","date_gmt":"2023-09-19T01:00:19","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/09\/19\/uaes-fertiglobe-is-partnering-with-ad-ports-expertise-to-expand-shipping-and-storage-of-ammonia\/"},"modified":"2023-09-19T01:00:19","modified_gmt":"2023-09-19T01:00:19","slug":"uaes-fertiglobe-is-partnering-with-ad-ports-expertise-to-expand-shipping-and-storage-of-ammonia","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/09\/19\/uaes-fertiglobe-is-partnering-with-ad-ports-expertise-to-expand-shipping-and-storage-of-ammonia\/","title":{"rendered":"UAE\u2019s Fertiglobe is partnering with AD Ports expertise to expand shipping and storage of ammonia"},"content":{"rendered":"

<\/a>Fertiglobe partners with AD Ports for green ammonia storage:<\/strong> OCI and Adnoc joint venture Fertiglobe has signed an MoU with trade and logistics firm AD Ports Group to explore partnerships in storing and shipping urea and ammonia at ports in Egypt and the UAE, according to a statement<\/a>.<\/p>\n

More details: <\/strong>The MoU marks a first step towards the company\u2019s plans to expand its shipping and storing of green ammonia and optimize its logistics\u2019 cost structure with a target to save USD 50 mn<\/a> by the end of 2024 by leveraging AD Ports Group\u2019s advanced expertise in cargo handling and storage infrastructure, the statement notes.<\/p>\n

What they said: <\/strong>\u201cWe will identify compelling opportunities across our logistics and supply chain management requirements, enabling us to bolster our ability to store and ship urea and ammonia from Egypt and further optimize our logistics\u2019 cost structure \u2026 to expand our partnership beyond Egypt and the UAE, as well as to the shipping and storage of green ammonia, in line with our commitment to deliver more sustainable products to the world,\u201d Fertiglobe CEO Ahmed El Hoshy said in the statement.<\/p>\n

Fertiglobe is well established in the region: <\/strong>The company began in November<\/a> commissioning of their 100 MW green hydrogen plant in Egypt\u2019s Ain Sokhna \u2014 funded<\/a> by the European Bank of Reconstruction and Development \u2014 which will generate feedstock for green ammonia production once operational in 2024. Engie signed an agreement<\/a> with Fertiglobe in 2022 to study co-developing a \u201cglobally cost-competitive\u201d 200 MW green hydrogen facility in the UAE to back the production of green ammonia, which El Hoshy suggested<\/a> would be a 100-200 MW green hydrogen project in Abu Dhabi. Fertiglobe said it is expected to begin the front end engineering design<\/a> (FEED) process for its green hydrogen to ammonia projects in the UAE and Egypt during the second half of 2023.<\/p>\n

With eyes on Europe and bunkering: <\/strong>\u201cFertiglobe, is investing in green ammonia, including in partnership with Adnoc in Abu Dhabi and with Masdar. These are all fuels that could be used not only to export the final product to Europe or Asia, but can also be provided at ports that can become major bunkering hubs and suppliers of low carbon fuels in the future. Methanol has the advantage today because there are already methanol engines,\u201d El Hoshy told Enterprise Climate<\/a> in an interview earlier this month.<\/p>\n

Blue ammonia is also on deck:<\/strong> In January, Japan-based Mitsui & Co signed a shareholder agreement<\/a> with Fertiglobe, GS Energy, and Adnoc-ADQ joint venture Ta\u2019ziz to construct a facility to produce some 1 mn tons of blue ammonia per year. The company is still awaiting a final investment decision<\/a> on the project, its most recent earnings release said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Fertiglobe partners with AD Ports for green ammonia storage: OCI and Adnoc joint venture Fertiglobe has signed an MoU with trade and logistics firm AD Ports Group to explore partnerships in storing and shipping urea and ammonia at ports in Egypt and the UAE, according to a statement. More details: The MoU marks a first […]<\/p>\n","protected":false},"author":1,"featured_media":79622,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[426],"tags":[1849,384,40,11,319,39,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-79621","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ammonia","tag-ad-ports-group","tag-ammonia","tag-egypt","tag-enterpriseclimate","tag-fertiglobe","tag-green-hydrogen","tag-uae","wpautop","entry"],"acf":{"mongo_id":"0cc8016b-1210-4dce-9842-d399bd03b3a1","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/9\/1728.jpg","photo_position":"above","related_issue":[79614],"teaser":"","voice_url":""},"yoast_head":"\nUAE\u2019s Fertiglobe is partnering with AD Ports expertise to expand shipping and storage of ammonia - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/09\/19\/uaes-fertiglobe-is-partnering-with-ad-ports-expertise-to-expand-shipping-and-storage-of-ammonia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UAE\u2019s Fertiglobe is partnering with AD Ports expertise to expand shipping and storage of ammonia\" \/>\n<meta property=\"og:description\" content=\"Fertiglobe partners with AD Ports for green ammonia storage: OCI and Adnoc joint venture Fertiglobe has signed an MoU with trade and logistics firm AD Ports Group to explore partnerships in storing and shipping urea and ammonia at ports in Egypt and the UAE, according to a statement. 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