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Mitsui and GS Energy to Join TA'ZIZ in World-Scale Low-Carbon Blue Ammonia Project

Strategic partnerships capitalize on global demand for low-carbon blue ammonia reinforcing Abu Dhabi’s leadership in the clean hydrogen economy

Companies to join proposed project as equity partners and off-takers to support decarbonization of power and industrial sectors in Japan and Korea

Collaboration underscores longstanding commercial relationships with ADNOC and the UAE’s strong bilateral ties with  Japan and Korea 

Agreements highlight exceptional international investor interest in TA’ZIZ and the UAE’s compelling industrial value proposition 

 

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Abu Dhabi, UAE – November 16, 2021: Abu Dhabi National Oil Company (ADNOC) and ADQ today announced that Japan’s Mitsui & Co., Ltd (Mitsui) and the Republic of Korea’s (Korea) GS Energy Corporation (GS Energy) have agreed to partner with TA’ZIZ and Fertiglobe to develop the world-scale low-carbon blue ammonia facility at the TA’ZIZ Industrial Chemicals Zone in Ruwais. The partnerships are expected to accelerate Abu Dhabi’s position as a leader in low-carbon fuels, capitalizing on the growing demand for blue ammonia as a carrier fuel for clean hydrogen.

The agreements highlight the exceptional international investor interest in TA’ZIZ and follow ADNOC and Fertiglobe’s recent sales of low-carbon blue ammonia demonstration cargos to customers in Japan and Korea.

His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of ADNOC, said: “The strategic partnerships with Mitsui and GS Energy, two of East Asia’s global energy champions, reflect ADNOC’s commitment to increase the production of low-carbon hydrogen and ammonia. As the world embraces the energy transition, we will work closely with our new partners to jointly develop new hydrogen markets and applications for low-carbon ammonia to meet the needs of global export markets for the energy and industry markets in Japan and Korea.

“These important agreements strengthen our long-standing ties with the two countries in the fast-growing clean hydrogen economy, reinforcing Abu Dhabi’s pivotal role as a global hub for low-carbon fuels and unlocking significant economic growth opportunities for the UAE.”

Mitsui & Co. is a major global developer of energy and resources projects based in Japan, while GS Energy is a leading energy solutions company based in Korea. The agreements with both companies are subject to relevant regulatory and company approvals.

Mr. Kenichi Hori, President and Chief Executive Officer of Mitsui & Co., Ltd, said: “We look forward to working with ADNOC and partners TA’ZIZ, Fertiglobe and GS Energy to develop the first world-scale low-carbon ammonia project in the UAE. Mitsui has continued to enhance our relationship with ADNOC since we first began our participation in ADNOC LNG in 1973. Energy solutions remain a strategic focus area for Mitsui; thus, we are excited to commence this new business opportunity with ADNOC in light of global climate action. As a responsible member of the global business community, we will continue to contribute to creating an eco-friendly and sustainable future.” 

Mr. Yong Soo Huh, President and CEO of GS Energy Corporation, said: “GS Energy has a long-standing history of strategic partnership with ADNOC in many areas of the energy business. Today’s agreement for the development of world-scale blue ammonia project in UAE represents a meaningful next step in this shared journey, contributing to achieve the ultimate goal of net zero emissions.”

In addition to becoming partners, Mitsui and GS Energy will, upon equity participation and supply commencement, off-take significant volumes of low-carbon blue ammonia to meet growing demand in the energy and industrial sectors in Japan and Korea, respectively. 

The partnerships follow the recent project framework agreement signed between ADNOC and Fertiglobe to advance the production of low-carbon blue ammonia at TA'ZIZ, subject to relevant regulatory and company approvals.

Low-carbon blue ammonia is made from nitrogen and clean hydrogen derived from natural gas feedstocks, with the carbon dioxide by-product from hydrogen production captured and stored. Blue ammonia can be used as a low-carbon fuel across a wide range of industrial applications, including transportation, power generation and industries including steel, cement, and fertilizer production. 
 

Release Details

November 16, 2021
Abu Dhabi

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About ADNOC

ADNOC is a leading diversified energy and petrochemicals group wholly owned by the Emirate of Abu Dhabi. ADNOC’s objective is to maximize the value of the Emirate’s vast hydrocarbon reserves through responsible and sustainable exploration and production to support the United Arab Emirates’ economic growth and diversification. To find out more, visit www.adnoc.ae

For media inquiries please contact:

media@adnoc.ae

About ADQ

ADQ (”القابضة” in Arabic) is one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy. We are both an asset owner and investor in target sectors, locally and internationally, which align with the Abu Dhabi leadership’s economic vision. We work to ensure the long-term financial viability and sustainability of our portfolio, ultimately creating added value for Abu Dhabi’s future. 

To find out more, visit: www.adq.ae

About TA’ZIZ

In Arabic, TA’ZIZ means advancement, strengthening or creating a foundation. It is an industrial services and logistics ecosystem that drives, supports, and enables the growth of the Ruwais Industrial Complex and Abu Dhabi’s chemicals, advanced manufacturing and industrial sectors.

For more information visit: www.taziz.com

About Fertiglobe

Fertiglobe is the world’s largest seaborne exporter of nitrogen fertilizer globally and the largest producer in the Middle East and North Africa (MENA). Fertiglobe has a production capacity comprises of 6.6 million tons of sellable urea and merchant ammonia, produced at four subsidiaries in the UAE, Egypt and Algeria and benefits from direct access to six key ports and distribution hubs on the Mediterranean Sea, Red Sea, and the Arab Gulf. Established in 2019 and headquartered in Abu Dhabi, Fertiglobe is a 58/42 partnership between OCI N.V. and the Abu Dhabi National Oil Company (ADNOC).

For more information visit: www.fertiglobe.com 

About Mitsui & Co., Ltd

Mitsui & Co., Ltd is a global trading and investment company with a diversified business portfolio that spans approximately 63 countries in Asia, Europe, North, Central & South America, Middle East, Africa and Oceania. Mitsui has built a strong and diverse core business portfolio covering the Mineral and Metal Resources, Energy, Machinery and Infrastructure, and Chemicals industries.

Leveraging its strengths, Mitsui has further diversified beyond its core profit pillars to create multifaceted value in new areas, including innovative Energy Solutions, and through a strategic focus on high-growth Asian markets. 

To find out more, visit: www.mitsui.com
 

About GS Energy Corporation

GS Energy Corporation is the influential energy provider in Korea, who operates a variety of energy related businesses including upstream, electrical power, LNG, crude refining and many types of renewable energy and hydrogen businesses, through its subsidiary companies. 

To find out more, visit: www.gsenergy.co.kr