Tuesday, 29 Nov 2022

Ma’aden Signs Agreements on Fostering Plans on Decarbonization

The Saudi Arabian Mining Company (Ma'aden), one of the world's fastest growing mining companies and the largest mining and multi-commodity metals company in the Middle East, has announced its plans to export blue ammonia as it seeks to support the global transition to sustainable energy.

This announcement was made by Prince Abdulaziz bin Salman, Minister of Energy of the Kingdom of Saudi Arabia, at the opening of the Saudi Green Initiative Forum, which is being held on the sidelines of the 27th session of the Conference of Parties (COP 27) in Sharm el-Sheikh, Arab Republic of Egypt, where he referred to the granting of accreditation to Ma’aden for a quantity of 138,000 tons of blue ammonia, representing one of the largest quantities approved in the world to date.

The accreditation was granted by TUV Rheinland, a leading independent testing, inspection and certification agency based in Germany, and the first shipment of 25,000 ton blue ammonia minerals will be sent from the Kingdom to South Korea this month.

As Ma'aden looks to export essential minerals to support the global transition to sustainable energy, the company is also seeking to decarbonize its existing operations by adopting carbon capture technologies.

In this context, during the forum, Ma'aden signed a 20-year agreement with Gulf Cryo to build and operate a carbon dioxide capture plant at the Ma'aden Phosphate Complex in Ras Al Khair Industrial City.

Source: Saudi Press Agency

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