Adnoc and OCI form joint venture to create largest nitrogen fertiliser export platform

Adnoc and OCI announced a strategic partnership to combine their fertiliser businesses into a new joint venture, which will be the largest export-focused nitrogen fertiliser platform globally with a production capacity of 5 million tonnes of urea and 1.5 million tonnes of ammonia. The JV will be based in Abu Dhabi and is expected to close in Q3 2019.

“Pooling our assets and capabilities is a value enhancing step for both companies, allowing us to leapfrog competitors to become the top nitrogen export platform globally.”khaleejtimes.com

• 1 source
• khaleejtimes.comUAE creates fertiliser powerhouse | Khaleej TimesIssac JohnJun 17, 2019

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