We intend to leverage our established ammonia platform to capitalize on the potential global shift to blue and green ammonia. Management believes that the Group is well positioned to capitalize on the global transition to a hydrogen economy because ammonia has emerged as one of the most promising products to drive the hydrogen economy and enable the energy transition.

We believe that declining arable land, combined with a growing global population and more sophisticated global dietary requirements will result in sustained nitrogen-based fertilizer demand for the foreseeable future. We also believe that there is potential for additional growth in fertilizer demand as farmers in agricultural markets, and in particular developing markets such as sub-Saharan Africa, begin to increase their fertilizer usage to maximize crop yields.

We have launched an Operational Excellence program focused on maximizing asset reliability and energy efficiency, optimizing capital expenditure, and strictly reviewing controllable costs. The program was launched at the end of 2020 and aims to achieve consistently higher utilization rates, reduce energy consumption, and in turn reduce GHG emissions over the medium term. It will also seek to optimize outside resourcing and maintenance costs by interchanging resources and expertise between our assets and challenging capital expenditure plans.

We are committed to providing a safe and healthy workplace by implementing the highest international safety standards to avoid any potential risks to people, communities, assets or the environment. We aim to maintain a strong HSE record and strive towards achieving no recordable injuries across our plants.