Fertiglobe, a significant player in the nitrogen fertilizer industry and a pioneer in sustainable ammonia production, announced strong financial results for H1 2024, with revenues of $1.048 billion and positive adjusted EBITDA, net profit, and free cash flows. Despite challenges in nitrogen prices due to delayed demand and cautious buying behavior, the company continues its growth trajectory. Fertiglobe's strategic initiatives include partnerships for sustainable projects like the TA’ZIZ low carbon ammonia project and winning bids for renewable ammonia supply contracts. The company also achieved a milestone by delivering the world's first certified bulk commercial shipment of low-carbon ammonia. To drive efficiency and profitability, Fertiglobe is actively implementing a cost optimization program and a Manufacturing Improvement Plan targeting significant EBITDA growth by 2025. Furthermore, investments in artificial intelligence across operations are set to enhance productivity and sustainability. The CEO praised the team for their efforts in overcoming challenges like gas supply shortages in Egypt and emphasized the company's commitment to sustainable practices. Fertiglobe's pending acquisition by ADNOC is expected to further support its growth in low-carbon ammonia production and align with ADNOC's ambitious chemical and low-carbon roadmap.