Azerbaijan's SOCAR And ACWA Power To Co-Op On Low Carbon/Green Fertilizer Project

2024-04-19 02:17:09

(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 19. An agreement oncooperation in the field of green fertilizers was signed betweenthe State Oil Company of the Republic of Azerbaijan (SOCAR) andACWA Power Company of the Kingdom of Saudi Arabia on April 16,2024, Trend reports.

SOCAR Vice President Anar Mammadov and ACWA Power Vice PresidentDriss Berraho signed the document.

The event noted with satisfaction the signing of an agreementbetween the companies on February 2, 2023, on cooperation in thefield of renewable energy sources such as wind, solar on sea andland, and green hydrogen, as well as other related potentialprojects in Azerbaijan.

Particularly, it was noted that the recently signed documentenvisages cooperation on the potential production of greenfertilizers (mainly urea) and subsequent implementation under the"Low Carbon/Green Fertilizer Project". The agreement emphasizesthat ACWA Power will play a leading role in the renewable energyand green hydrogen production portion of the project.

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