UAE’s Ta'ziz enters shareholder agreement on ammonia factory: Ta’ziz — a joint venture between Adnoc and ADQ — has signed a shareholder agreement with Fertiglobe, Korea’s GS Energy Corporation and Japan’s Mitsui & Co for a low-carbon ammonia factory in the UAE with an annual capacity of around 1 mn tons, according to a statement released yesterday. The agreement marks a step forward towards a final investment decision for the project, which was initially announced in May 2021.

Are exports on the cards? The new partnership comes hot on the heels of Adnoc inking agreements to explore hydrogen supply options with offtakers in Japan and Korea, the statement notes, so presumably there’s a big window for exports on the horizon.

Adnoc is already shipping out ammonia: The company made its first low-carbon ammonia shipment to Hamburg-headquartered copper producer Aurubis last September— the first of several shipments bound for Germany. The UAE also signed several MoUs with Japan this week to boost the clean energy transition including boosting cooperation in ammonia manufacturing.

And has cracking plans: Adnoc and German industrial engineering multinational Thyssenkrupp signed an MoU for the joint development of large-scale ammonia cracking this week to extract hydrogen from ammonia after transportation.