In the UAE, ADNOC completed its acquisition of a majority stake in Fertiglobe, raising its ownership to 86.2% and marking a pivotal moment in ADNOC’s ambition to become a global leader in low-carbon ammonia. As part of ADNOC’s plan to become a top global player in low-carbon fuels, Fertiglobe is set to expand its ammonia […]
In the United Arab Emirates, Exxon Mobil said that Abu Dhabi National Oil Company (ADNOC) will acquire a 35% equity stake in Exxon Mobil Corporation’s proposed low-carbon hydrogen and ammonia production facility in Baytown, Texas. Contingent on supportive government policy and necessary regulatory permits, the facility is expected to be the world’s largest of its […]
In the UAE, ADNOC Logistics and Services announced that AW Shipping, its joint venture with Wanhua Chemical Group, has awarded contracts worth $1.9 billion to Jiangnan Shipyard for the construction of up to 13 new vessels. The order includes nine Very Large Ethane Carriers (VLECs) and four Very Large Ammonia Carriers (VLACs). The VLECs, with […]
