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UAE Exports First Low-Carbon Ammonia Shipment

ADNOC announced that it had shipped its first ever shipment of low-carbon ammonia to Hamburg, Germany.
ADNOC announced that it had shipped its first ever shipment of low-carbon ammonia to Hamburg, Germany.
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UAE Exports First Low-Carbon Ammonia Shipment

ADNOC announced that it had shipped its first ever shipment of low-carbon ammonia to Hamburg, Germany.
ADNOC announced that it had shipped its first ever shipment of low-carbon ammonia to Hamburg, Germany.

The Abu Dhabi National Oil Company (ADNOC) announced on Thursday that it had shipped its first ever shipment of low-carbon ammonia to Hamburg, Germany.

Arubis, a global provider of non-ferrous metals and one of the world's largest copper recyclers, will receive this shipment.

Developed by Fertiglobe, a partnership between ADNOC and OCI, the demonstration cargo will be the first of several test cargoes sold in Germany as ADNOC develops its hydrogen partnership.

Aurubis plans to utilize the low-carbon ammonia as a feedstock in its wire rod plant, testing its application as a lower-carbon energy source for industrial utilization, it said in a statement.

Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC managing director and group CEO, said: "This demonstration cargo of low-carbon ammonia builds upon the longstanding bilateral relationship between the UAE and Germany and our growing partnership in clean energy."

“Our collaboration with customers in Germany also underlines ADNOC’s ambitious growth plans for the production of clean hydrogen, and its carrier fuels such as ammonia, which will play a critical role in decarbonizing hard-to-abate industrial sectors," he added.

"We are committed to accelerating and deepening private and public sector collaboration in clean hydrogen projects that will reduce carbon emissions and the carbon intensity of the energy that supports our everyday lives."

CEO of Aurubis Roland Harings said: "To guarantee stable processes at our sites, we are expanding our portfolio of reliable energy sources and thus investing in the decarbonization of our production at the same time."

"This first trial shipment of low-carbon ammonia from ADNOC represents an important milestone in our long-term vision for hydrogen solutions that will help meet our decarbonization goals," Harings added.

ADNOC plans to supply 25 percent of imported hydrogen in key global markets from its hydrogen production.

By 2030, Germany's national hydrogen strategy expects an import demand of 3 million tons of clean hydrogen per year (MTPA) and 15 MTPA by 2050.

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Saudi Arabia Sees Highest Level of Non-oil Private Sector Activity in 4 Months

The 1.5-point increase in the PMI reflects a larger expansion in both output and new orders. (Asharq Al-Awsat)
The 1.5-point increase in the PMI reflects a larger expansion in both output and new orders. (Asharq Al-Awsat)
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Saudi Arabia Sees Highest Level of Non-oil Private Sector Activity in 4 Months

The 1.5-point increase in the PMI reflects a larger expansion in both output and new orders. (Asharq Al-Awsat)
The 1.5-point increase in the PMI reflects a larger expansion in both output and new orders. (Asharq Al-Awsat)

Business activity in Saudi Arabia's non-oil sector accelerated to a four-month high in September, driven by strong demand, which led to faster growth in new orders. The Riyad Bank Saudi Arabia Purchasing Managers' Index (PMI), adjusted for seasonal factors, rose to 56.3 points from 54.8 in August, marking the highest reading since May and further distancing itself from the 50.0 level that indicates growth.

The 1.5-point increase in the PMI reflects a larger expansion in both output and new orders, alongside challenges in supply. The improvement in business conditions contributed to a significant rise in employment opportunities, although difficulties in finding skilled workers led to a shortage in production capacity.

At the same time, concerns over increasing competition caused a decline in future output expectations. According to the PMI statement, inventories of production inputs remained in good condition, which encouraged some companies to reduce their purchasing efforts.

Growth was strong overall and widespread across all non-oil sectors under study. Dr. Naif Al-Ghaith, Senior Economist at Riyad Bank, said that the rise in Saudi Arabia's PMI points to a notable acceleration in the growth of the non-oil private sector, primarily driven by increased production and new orders, reflecting the sector’s expansionary activity.

Al-Ghaith added that companies responded to the rise in domestic demand, which plays a crucial role in reducing the Kingdom's reliance on oil revenues. The upward trend also indicates improved business confidence, pointing to a healthy environment for increased investment, job creation, and overall economic stability.

He emphasized that this growth in the non-oil sector is particularly important given the current context of reduced oil production and falling global oil prices. With oil revenues under pressure, the strong performance of the non-oil private sector acts as a buffer, helping mitigate the potential impact on the country's economic conditions.

Al-Ghaith continued, noting that diversifying income sources is essential to maintaining growth amid the volatility of oil markets. He explained that increased production levels not only enhance the competitiveness of Saudi companies but also encourage developments aimed at expanding the private sector's participation in the economy.

This shift, he said, provides a more stable foundation for long-term growth, making the economy less susceptible to oil price fluctuations.