ADNOC, the UAE's top energy company, has completed the acquisition of OCI Global's majority stake in Fertiglobe, pushing ADNOC's ownership to 86.2%. This acquisition is a crucial step in ADNOC's strategy to dominate the global low-carbon ammonia market and expand its presence in the chemicals industry. Fertiglobe, the world's largest seaborne exporter of urea and ammonia, plays a vital role in ADNOC's plans, exporting nitrogen products to over 50 countries. The company is focusing on producing low-carbon ammonia using hydrogen and carbon capture technology to reduce emissions significantly. Fertiglobe's recent achievements include securing a major renewable ammonia offtake contract and increasing its ammonia capacity to 8.6 mtpa by integrating ADNOC's projects. Under CEO Ahmed El-Hoshy's leadership, Fertiglobe aims to capitalize on the growing demand for low-carbon ammonia and align with ADNOC's sustainability milestones, such as increasing carbon capture capacity and targeting net-zero operational emissions by 2045. ADNOC's long-term vision includes becoming a global leader in low-carbon ammonia production and a significant player in the chemicals market, supporting the UAE's National Hydrogen Strategy and sustainable energy growth.