Fertiglobe and German firms to explore collaboration on ammonia supply chain

Fertiglobe, the world's largest seaborne exporter of urea and ammonia, has signed a preliminary agreement with German companies Covestro and MB Energy to explore collaboration in the ammonia supply chain. The agreement, signed during the visit of President Sheikh Mohamed to Germany, aims to strengthen Fertiglobe's connectivity with industrial customers in Europe and expand routes to market for its global ammonia platform.

As part of the agreement, Fertiglobe will explore the potential supply of ammonia through a proposed import terminal to be built and operated by MB Energy in Hamburg, with Covestro evaluating the potential offtake of ammonia delivered through the terminal for use as feedstock in its production of polymer products and to meet hydrogen supply requirements.

The collaboration comes as the UAE and Germany strengthen ties across sectors, with the UAE announcing investments worth €40 billion ($46.47 billion) in Germany during Sheikh Mohamed's visit.

Brief written by urgent.news from The National UAE's own syndicated text. Machine-written — may contain errors; check the original before relying on it.