{"id":83490,"date":"2024-04-08T00:00:00","date_gmt":"2024-04-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/04\/08\/adnoc-gets-the-green-light-for-fertiglobe-acquisition\/"},"modified":"2024-04-08T00:00:00","modified_gmt":"2024-04-08T00:00:00","slug":"adnoc-gets-the-green-light-for-fertiglobe-acquisition","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/04\/08\/adnoc-gets-the-green-light-for-fertiglobe-acquisition\/","title":{"rendered":"Adnoc gets the green light for Fertiglobe acquisition"},"content":{"rendered":"

The EU gives its stamp of approval for <\/strong>Adnoc<\/strong>\u2019s acquisition of Fertiglobe:<\/strong> The European Commission has approved The Abu Dhabi National Oil Company (Adnoc)\u2019s acquisition of OCI Global\u2019s stake in Fertiglobe, according to a European Commission (EC) statement<\/a> published last week. OCI Global previously held<\/a> a 50% +1 stake in their joint venture Fertiglobe for AED 13.28 bn (c.USD 3.62 bn).<\/p>\n

This has been in the works:<\/strong> The two companies signed a binding agreement<\/a> to offload OCI\u2019s 51% stake in Fertiglobe in December. Adnoc\u2019s shares in Fertiglobe were said to have increased to 86.2% at the time, with the remaining in freefloat on the Abu Dhabi Securities Exchange. Fetiglobe shares were priced at an 8% premium at AED 3.20 (c.USD 0.87) per share, OCI said in December.<\/p>\n

What Adnoc stands to gain:<\/strong> The acquisition aims to boost the production and distribution of nitrogen fertilizers by Fetiglobe, according to the EC statement. In its active form \u2014 including as a fertilizer \u2014 nitrogen is a key contributor to climate change as it releases nitrous oxide \u2014 a gas that is 300 times more potent at warming the atmosphere than carbon dioxide, according to the UN Environment Programme<\/a>. <\/p>\n

A shift in goals?<\/strong> In previous statements last December, it was noted that the acquisition of OCI\u2019s stakes is part of a company drive to expand its global ammonia production network, in efforts to grow a platform for the low-carbon fuel which also serves a (green) hydrogen carrier.<\/p>\n

Fertiglobe is positioning itself as a major ammonia player: <\/strong>Fertiglobe sent the world\u2019s first ISCC PLUS-certified (International Sustainability and Carbon Certification) green ammonia shipment<\/a> to India from its electrolyzer facility in Egypt\u2019s Suez Canal Economic Zone in December. Fertiglobe, alongside Adnoc-ADQ JV Ta\u2019ziz, GS Energy, and Mitsui, has also signed a shareholder agreement<\/a> to construct a facility to produce some 1 mn tons of low-carbon ammonia annually in the UAE. The company is currently studying another green hydrogen project in the UAE in collaboration with Masdar and Engie.<\/p>\n

Not the first or last partnership between Adnoc and OCI: <\/strong>Both sides inked an MoU<\/a> to explore importing and distributing ammonia in the EU in December. The agreement will see the two explore joint investments in decarbonization and product distribution projects in North America and Europe. OCI is also considering offering its US crop nutrient unit Iowa Fertilizers to Adnoc for more than USD 3 bn.<\/p>\n","protected":false},"excerpt":{"rendered":"

The acquisition is to boost the production and distribution of nitrogen fertilizers.<\/p>\n","protected":false},"author":1,"featured_media":83491,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","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":[2016],"tags":[11,319,79],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-83490","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-enterpriseclimate","tag-fertiglobe","tag-ma-watch","wpautop","entry"],"acf":{"mongo_id":"f5eb8599-ea93-4db9-b4fc-9dafd3da1ea4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/12\/1046.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Adnoc gets the green light for Fertiglobe acquisition","related_issue":[83480],"teaser":"The acquisition is to boost the production and distribution of nitrogen fertilizers.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.5b92ddc8-6f83-4fcb-a4d1-4db103afd9e9.mp3"},"yoast_head":"\nAdnoc gets the green light for Fertiglobe acquisition - 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\/2024\/04\/08\/adnoc-gets-the-green-light-for-fertiglobe-acquisition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Adnoc gets the green light for Fertiglobe acquisition\" \/>\n<meta property=\"og:description\" content=\"The acquisition is to boost the production and distribution of nitrogen fertilizers.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2024\/04\/08\/adnoc-gets-the-green-light-for-fertiglobe-acquisition\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-08T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1046.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/04\/08\/adnoc-gets-the-green-light-for-fertiglobe-acquisition\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/04\/08\/adnoc-gets-the-green-light-for-fertiglobe-acquisition\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Adnoc gets the green light for Fertiglobe acquisition\",\"datePublished\":\"2024-04-08T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/04\/08\/adnoc-gets-the-green-light-for-fertiglobe-acquisition\/\"},\"wordCount\":402,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/04\/08\/adnoc-gets-the-green-light-for-fertiglobe-acquisition\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1046.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseClimate\",\"Fertiglobe\",\"M&A WATCH\"],\"articleSection\":[\"M&A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/04\/08\/adnoc-gets-the-green-light-for-fertiglobe-acquisition\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2024\/04\/08\/adnoc-gets-the-green-light-for-fertiglobe-acquisition\/\",\"name\":\"Adnoc gets the green light for Fertiglobe acquisition - Climate\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/04\/08\/adnoc-gets-the-green-light-for-fertiglobe-acquisition\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/04\/08\/adnoc-gets-the-green-light-for-fertiglobe-acquisition\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1046.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-04-08T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/04\/08\/adnoc-gets-the-green-light-for-fertiglobe-acquisition\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/climate\/2024\/04\/08\/adnoc-gets-the-green-light-for-fertiglobe-acquisition\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/04\/08\/adnoc-gets-the-green-light-for-fertiglobe-acquisition\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1046.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1046.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/04\/08\/adnoc-gets-the-green-light-for-fertiglobe-acquisition\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/climate\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Adnoc gets the green light for Fertiglobe acquisition\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"name\":\"Climate\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\",\"name\":\"Climate\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/25470.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/25470.svg\",\"caption\":\"Climate\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Adnoc gets the green light for Fertiglobe acquisition - Climate","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/climate\/2024\/04\/08\/adnoc-gets-the-green-light-for-fertiglobe-acquisition\/","og_locale":"en_US","og_type":"article","og_title":"Adnoc gets the green light for Fertiglobe acquisition","og_description":"The acquisition is to boost the production and distribution of nitrogen fertilizers.","og_url":"https:\/\/enterpriseam.com\/climate\/2024\/04\/08\/adnoc-gets-the-green-light-for-fertiglobe-acquisition\/","og_site_name":"Climate","article_published_time":"2024-04-08T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1046.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/climate\/2024\/04\/08\/adnoc-gets-the-green-light-for-fertiglobe-acquisition\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/04\/08\/adnoc-gets-the-green-light-for-fertiglobe-acquisition\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Adnoc gets the green light for Fertiglobe acquisition","datePublished":"2024-04-08T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/04\/08\/adnoc-gets-the-green-light-for-fertiglobe-acquisition\/"},"wordCount":402,"publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/04\/08\/adnoc-gets-the-green-light-for-fertiglobe-acquisition\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1046.jpg?fit=%2C&ssl=1","keywords":["EnterpriseClimate","Fertiglobe","M&A WATCH"],"articleSection":["M&A WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/climate\/2024\/04\/08\/adnoc-gets-the-green-light-for-fertiglobe-acquisition\/","url":"https:\/\/enterpriseam.com\/climate\/2024\/04\/08\/adnoc-gets-the-green-light-for-fertiglobe-acquisition\/","name":"Adnoc gets the green light for Fertiglobe acquisition - Climate","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/04\/08\/adnoc-gets-the-green-light-for-fertiglobe-acquisition\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/04\/08\/adnoc-gets-the-green-light-for-fertiglobe-acquisition\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1046.jpg?fit=%2C&ssl=1","datePublished":"2024-04-08T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/04\/08\/adnoc-gets-the-green-light-for-fertiglobe-acquisition\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/climate\/2024\/04\/08\/adnoc-gets-the-green-light-for-fertiglobe-acquisition\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/2024\/04\/08\/adnoc-gets-the-green-light-for-fertiglobe-acquisition\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1046.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1046.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/climate\/2024\/04\/08\/adnoc-gets-the-green-light-for-fertiglobe-acquisition\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/climate\/"},{"@type":"ListItem","position":2,"name":"Adnoc gets the green light for Fertiglobe acquisition"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/climate\/#website","url":"https:\/\/enterpriseam.com\/climate\/","name":"Climate","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/climate\/#organization","name":"Climate","url":"https:\/\/enterpriseam.com\/climate\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/25470.svg","contentUrl":"https:\/\/ent.news\/internal\/25470.svg","caption":"Climate"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1046.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1046.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1046.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/pgVl2y-lIC","_links":{"self":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/83490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/comments?post=83490"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/83490\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/83480"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media\/83491"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media?parent=83490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/categories?post=83490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/tags?post=83490"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/brand?post=83490"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=83490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}