Fertiglobe

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ADNOC to Acquire OCI’s Stake in Fertiglobe for $3.6 Billion

Abu Dhabi National Oil Company (ADNOC) has agreed to acquire OCI Global's entire majority stake in fertilizer producer Fertiglobe for $3.62 billion. Fertiglobe is a joint venture established in October 2019 between the state-owned oil company of the United Arab Emirates (UAE) and the Dutch fertilizer and industrial chemicals group.

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Ta’ziz Partners with Three Firms on Ammonia Project

Abu Dhabi Chemicals Derivatives, also known as Ta’ziz, has signed a shareholder agreement with fertilizer producer Fertiglobe, gas provider GS Energy and Japanese trading group Mitsui & Co to develop a 1 million t/y low-carbon ammonia plant at its proposed industrial chemicals complex in Ruwais, Abu Dhabi.

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