{"id":73594,"date":"2023-09-20T00:00:00","date_gmt":"2023-09-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/09\/20\/fertiglobe-inks-mou-for-urea-and-ammonia-storage-shipment-to-egypt-uae\/"},"modified":"2023-09-20T00:00:00","modified_gmt":"2023-09-20T00:00:00","slug":"fertiglobe-inks-mou-for-urea-and-ammonia-storage-shipment-to-egypt-uae","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/09\/20\/fertiglobe-inks-mou-for-urea-and-ammonia-storage-shipment-to-egypt-uae\/","title":{"rendered":"Fertiglobe inks MoU for urea and ammonia storage + shipment to Egypt + UAE"},"content":{"rendered":"

Fertiglobe inks non-binding MoU to ship urea and ammonia to Egypt + UAE: <\/strong>MENA fertilizers firm Fertiglobe<\/a> \u2014 a JV between Adnoc and the Sawiris-owned OCI \u2014signed a non-binding MoU with Abu Dhabi Ports to explore ways to store and ship urea and ammonia at ports in Egypt and the UAE, according to a statement (pdf)<\/a>. Fertiglobe wants to take advantage of AD Port\u2019s supply chain capabilities and eco-friendly methods of transportation to optimize costs. <\/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>\u201cThrough this MoU, we 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' cost structure,\u201d said Fertiglobe CEO Ahmed El Hoshy. Enterprise Climate had a <\/strong>sit-down<\/a><\/strong> with El Hoshy recently <\/strong> to discuss the future of low-carbon shipping and green methanol. <\/p>\n

It\u2019s not just Egypt and the UAE: <\/strong>The two companies will explore potential cooperation in other locations, and will explore potential avenues for collaboration in the development of supply chain solutions for green ammonia, the statement said. <\/p>\n

Background: <\/strong> The company is working with Orascom Construction and Scatec to establish Egypt\u2019s first-ever green hydrogen plant<\/a>. Powered by solar and wind energy, the plant will send around 15k metric tons of hydrogen a year<\/a> which will be used as feedstock to produce 90k metric tons of ammonia annually at Fertiglobe\u2019s existing facility.<\/p>\n","protected":false},"excerpt":{"rendered":"

The two sides will work together to identify potential avenues to store and ship urea and ammonia from Egypt<\/p>\n","protected":false},"author":1,"featured_media":73595,"comment_status":"","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":[190],"tags":[593,17,390,123,240],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-73594","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shipping-maritime","tag-ammonia","tag-enterprise-logistics","tag-renewable-energy","tag-shipping-maritime","tag-storage-warehousing-2","wpautop","entry"],"acf":{"mongo_id":"659d00e9-0712-4607-bd87-c9254e040aff","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/9\/1234.jpeg","photo_position":"above","homepage_title":"","full_issue_title":"Fertiglobe 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