Adnoc buys OCI out of green ammonia venture Fertigobe in $3.6bn deal

Abu Dhabi oil company takes majority control of sustainability pioneer

Ruwais will be home to a new green hydrogen facility. It will be developed by Fertiglobe working with Engie and Masdar. — Ruwais will be home to a new green hydrogen facility. It will be developed by Fertiglobe working with Engie and Masdar.Photo: ThorstenS/Wikimedia

Gary Dixon

London

Published 20 December 2023, 10:55Updated 20 December 2023, 10:55

Ammonia fuel Abu Dhabi ADNOC Mergers & acquisitions OCI Global