TA’ZIZ, Fertiglobe, GS Energy and Mitsui to form a joint venture.

TA’ZIZ, an industrial services and logistics ecosystem, Fertiglobe, a nitrogen fertilizer and ammonia producer and distributer, GS Energy, a manufacturer of energy storage products, and Mitsui, a chemical manufacturer which develops business globally, agreed to form a joint venture. Financial terms were not disclosed. “This is a significant milestone in the development of our low-carbon ammonia business and further strengthens the UAE’s hydrogen value proposition. We are building on the collective strengths of our partners and shareholders to develop the first-of-its-kind large-scale low-carbon ammonia project in the Middle East and North Africa," Khaleefa Yousef Al Mheiri, TA’ZIZ Acting CEO.