ADNOC and Fertiglobe agree blue ammonia sale to Japan’s Idemitsu
Author: Richard Ewing
2021/08/10 (niet hetzelfde artikel als vorige week over Fertiglobe en blue ammonia)
LONDON (ICIS)--Fertilizer majors ADNOC and Fertiglobe on Tuesday announced their second sale of blue ammonia from the UAE in as many weeks, this time to Japan's Idemitsu for use in refining and petrochemicals operations.
The deal builds upon joint efforts to enhance industrial co-operation between the UAE and Japan and support the development of new UAE-Japan blue ammonia supply chains, the pair noted in a statement.
The sale to Idemitsu will "unlock new opportunities for blue ammonia in refining and petrochemicals, building on [ADNOC's and Idemitsu's] many years of commercial partnership", they added.
Last week, the two suppliers sold the first cargo of UAE blue ammonia cargos to Itochu in Japan, although like the deal with Idemitsu, details about the volumes and loading windows remain elusive.
Fertiglobe, a 58:42 partnership between Dutch giant OCI and ADNOC, will produce blue ammonia at its Fertil plant in the Ruwais Industrial Complex in Abu Dhabi for delivery to ADNOC’s customers in Japan.
"The shipment, which was sold at an attractive premium to grey ammonia, underscores the favourable economics for blue ammonia as an emerging source of low-carbon energy," the news release continued.
"It represents a further production milestone of a planned scale-up of blue ammonia production capabilities in Abu Dhabi, which is expected to include a low-cost debottlenecking programme at Fertil.
In June, Fertiglobe revealed it will join ADNOC and Abu Dhabi Developmental Holding Company (ADQ) as a partner in a new world-scale 1m tonne/year blue ammonia project at TA’ZIZ in Ruwais, subject to regulatory approvals.
Fertiglobe is the world’s largest seaborne exporter of nitrogen products, and its Fertil plant has an annual production capacity of 1.2m tonnes of ammonia and 2.1m tonnes of urea.
Japan is spearheading the global drive to blue and green ammonia use and has pledged to import 3m tonnes/year of low/zero carbon material by 2030 for consumption in power generation alone.