OCI Global Energy Transition Leadership

Global OCIGI Incremental Ammonia Demand From New Clean Energy Applications Accelerated demand growth potential post-2026 from new uses in power generation and marine fuels Outlook for incremental low-carbon ammonia demand by end-use to 2035, Million Mt Key Demand Drivers Emissions & carbon markets Current globally traded ammonia market annually ~20mt ~5 Mt <0.2Mt 2023 Conventional uses ~40 Mt ~25 Mt 2030 20355 15% ■Maritime Bunker 2 65% H2 and Power 20% 1 Development of ETS systems, CBAM and carbon credits Low-carbon hydrogen economies Development of multiple nationwide hydrogen roadmaps & strategies Decarbonization trend Corporate emissions reduction targets & national net zero targets 3 ■Decarbonizing Existing Apps New applications J Nitrogen-based Fertilizers Feedstock for Chemicals Marine Fuels Power generation H₂ Carrier Source: OCI, industry consultants Energy transition & security 4 Energy transition coupled with energy security & energy supply diversification Sustainability-driven business models 19

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