Business
September 24, 2023
3 min

Fertiglobe signs MoU with AD Ports Group to explore Logistics ... - India Shipping News

Fertiglobe, the strategic partnership between ADNOC and OCI Global, has signed a non-binding MoU with AD Ports Group to explore logistics and supply chain opportunities for storing and shipping urea and ammonia in Egypt and the UAE. The collaboration aims to reduce greenhouse gas emissions and enhance operational efficiency. Fertiglobe aims to leverage AD Ports Group's infrastructure and proximity to optimize its logistics costs. The partnership may expand to other geographies and include the shipping and storage of green ammonia. The collaboration aligns with AD Ports Group's sustainability objectives and economic diversification goals.

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Adhikansh Gupta
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Writer and editor who covers the latest trends and innovations in the software-as-a-service (SaaS) industry