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Clean Energy Company, a subsidiary of Saudi Arabian Refineries Company, has signed a non-binding MoU with British renewable energy firm AGR. The agreement aims to support the development of a green ammonia value chain in Saudi Arabia.

Under the terms, AGR intends to buy 100% of the production from a new green ammonia plant planned for Jazan Industrial City. This initiative follows Saudi Arabian Refineries' earlier announcement regarding the establishment of the production facility. The MoU is effective upon execution and lasts for six months, with no short or medium-term financial impact anticipated.