Saudi Ma'aden Announces Export of 1st Shipments of Low-carbon Blue Ammonia to China

Ma’aden signed an agreement to supply 25,000 tons of blue ammonia to China's Shenghong Petrochemicals and the first shipment left on Thursday
Ma’aden signed an agreement to supply 25,000 tons of blue ammonia to China's Shenghong Petrochemicals and the first shipment left on Thursday
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Saudi Ma'aden Announces Export of 1st Shipments of Low-carbon Blue Ammonia to China

Ma’aden signed an agreement to supply 25,000 tons of blue ammonia to China's Shenghong Petrochemicals and the first shipment left on Thursday
Ma’aden signed an agreement to supply 25,000 tons of blue ammonia to China's Shenghong Petrochemicals and the first shipment left on Thursday

Saudi Arabian mining company Ma'aden has announced that it has exported its first shipments of low-carbon blue ammonia to China, according to a statement.

Ma’aden signed an agreement to supply 25,000 tons of blue ammonia to China's Shenghong Petrochemicals and the first shipment left on Thursday from Saudi's Ras Al Khair port, the statement said.

Ma’aden is the world’s largest exporter of blue ammonia, having received certification to produce it in 2022.

Ma’aden is shipping over 138,000 tons of blue ammonia products to the world’s largest markets including South Korea, China, Japan, India, Thailand, and the European Union, establishing a major footprint in global efforts to green industrial value chains.

Ma’aden’s investment in blue ammonia is helping to cut emissions of an essential component in global industrial supply chains, used widely in fertilizer and food production, industrial sectors, and petrochemicals.

Ma’aden’s ambitious program of exports signals Saudi Arabia’s growing activity in global critical minerals value chains, in line with the country’s Vision 2030 objectives to make mining and minerals the third pillar of the Kingdom’s economy.

Through investment in innovative and sustainable production methods such as blue ammonia, Ma’aden is helping to cut industrial carbon emissions and power the global energy transition. Sustainability is a core component of Ma’aden’s growth strategy, with the goal of achieving carbon neutrality across the organization by 2050.



Saudi Red Sea Authority, Insurance Authority to Launch Saudi 1st Coastal Tourism Insurance Product

Saudi Red Sea Authority, Insurance Authority to Launch Saudi 1st Coastal Tourism Insurance Product
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Saudi Red Sea Authority, Insurance Authority to Launch Saudi 1st Coastal Tourism Insurance Product

Saudi Red Sea Authority, Insurance Authority to Launch Saudi 1st Coastal Tourism Insurance Product

The Saudi Red Sea Authority (SRSA) and the Insurance Authority have signed a cooperation agreement to launch insurance products that cover risks associated with all coastal tourism activities through local insurance companies, according to a press release issued by SRSA.
This initiative aims to enhance the appeal of coastal tourism, attract participants in navigational and marine tourism activities, and strengthen local content in alignment with Saudi Vision 2030, SPA reported.
The agreement was signed by SRSA CEO Mohammed Al Nasser and Insurance Authority CEO Eng. Naji Al-Faisal Al-Tamimi.
The release noted that the launch of these insurance products aligns with SRSA's mandate to promote navigational and marine tourism, providing a comprehensive tourism experience and establishing a model infrastructure that attracts investment in the sector.
The Insurance Authority is similarly committed to fostering industry growth and development by coordinating with other government entities to enhance its activities through a range of innovative insurance products that stimulate and protect investments.
In partnership with the Insurance Authority, SRSA held a series of meetings with insurance companies to develop these products, aiming to enhance the appeal of navigational and marine tourism activities—including sailing, kayaking, water skiing, diving, boating, and surfing—to better serve practitioners' needs.
SRSA began its efforts to build and regulate the coastal tourism sector in 2021, with objectives that include enhancing integration among relevant entities by issuing licenses and permits, developing policies and strategies, determining infrastructure requirements, preserving the marine environment, enabling small and medium-sized enterprises (SMEs), and promoting navigational and marine tourism activities, thereby adding value to the national economy.
Established by Cabinet Resolution No. 85 on August 15, 2023, the Insurance Authority is responsible for organizing, stabilizing, and developing Saudi Arabia's insurance sector. Benefiting from legal personality, financial and administrative independence, and organizational affiliation with the Prime Minister, the Authority is dedicated to increasing insurance awareness, safeguarding the rights of the insured and beneficiaries, contributing to financial stability, and reinforcing the principles underlying insurance contractual relationships.