(MENAFN) Abu Dhabi National Oil Company (ADNOC) has combined with Fertiglobe to vend its first cargo of blue ammonia to Itochu in Japan, for use in fertilizer production.
According to UAE state news service WAM, the cargos show the first production milestone of a planned scale-up of blue ammonia production capabilities in Abu Dhabi that is predicted to include a low-cost debottlenecking program at Fertiglobe’s Fertil site.
It further declared that they were sold at an attractive premium to grey ammonia, underscoring the favorable economics for blue ammonia as an emerging source of low-carbon energy.
The Gulf region could offer a USD200 billion green hydrogen industry by 2050, stated a report earlier this year by Dii Desert Energy and Roland Berger. The Gulf got advantage from its strategic geographic location amid European and Asian markets.
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