ADNOC has finalized the acquisition of OCI Global's majority share in Fertiglobe, enlarging its interest in the company to 86.2% and leaving 13.8% publicly traded. Fertiglobe, a significant player in urea and ammonia exports globally, will now serve as ADNOC's platform for growth in low-carbon ammonia production. This move is part of ADNOC's broader strategy to expand its presence in the chemicals sector and enhance its low-carbon fuels business. By transferring stakes in low-carbon ammonia projects to Fertiglobe, ADNOC aims to double the company's capacity, positioning it as a key player in the market. The company's leadership under Ahmed El-Hoshy remains intact, signaling continuity in management and confidence in existing expertise. Fertiglobe's focus on low-carbon solutions is further emphasized by securing a significant renewable ammonia offtake contract to Europe and targeting sustainable growth with attractive returns. With a strategic eye on the expected surge in low-carbon ammonia demand, Fertiglobe anticipates robust returns on future projects, aligning with global sustainability goals. ADNOC's long-term vision includes capturing a notable share of the low-carbon hydrogen market by 2030, in line with the UAE's National Hydrogen Strategy, showcasing a commitment to sustainable energy practices and market leadership.