The fertiliser company, a joint venture between ADNOC and OCI, reported that its free cash flow increased to $789m in Q2 2022 from $328m in Q2 2021
The partnership will involve the development and implementation of new marine decarbonisation technologies suitable for EGA’s bulk cargo shipping routes
The investment will provide the company with the ability to further expand its operations and services in Saudi Arabia and the UAE
The project is expected to reduce the carbon footprint of ADNOC’s offshore operations by more than 30 per cent
The partnership will see up to 100 per cent of ADNOC’s grid power supplied by EWEC’s nuclear and solar clean energy sources
The Barakah Nuclear Energy Plant is the largest source of clean baseload electricity in the country
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