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SABIC Agri-Nutrients Company announces that it obtained feedstock Allocation from the Ministry of Energy to Set Up a Blue (low carbon) Ammonia project in the Kingdom of Saudi Arabia

2020
SABIC AGRI-NUTRIENTS
-0.86 %
1445/12/27     03/07/2024 15:33:33

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Announcement Detail SABIC Agri-Nutrients Company's pleased to announce that, on 27 Dhu AlHijjah 1445H corresponding to 03 July 2024, the company received approval from the Ministry of Energy for allocating the required quantities of feedstock to build SABIC Agri-Nutrients plant the (6th) in Jubail Industrial City, Saudi Arabia to produce 1.2 MMTA of Blue (low carbon) Ammonia and to produce 1.1 MMTA of Urea and specialized Agri-Nutrients.

The Company will do the engineering studies to evaluate the leading technologies and will select the most efficient in energy and feedstock utilization.

In this regard, SABIC Agri-Nutrients Company express its sincere gratitude and appreciation to the Ministry of Energy for their efforts to achieve the kingdom ambitions in leading the clean energy production and exporting worldwide through their support for the local companies in the sector which contribute directly in achieving the kingdom 2030 vision.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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Key Parameters
Last Price 115.4
Net Change -1.0 (-0.86%)
Value Traded (Sar) 39,032,440.2
Volume Traded 338,388
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