11:08 AM EDT, 08/05/2026 (MT Newswires) -- Saudi Arabian Refineries Co. (SASE:2030), d/b/a Sarco, said Wednesday its nonbinding memorandum of understanding with AGR Renewable Energy to purchase green ammonia has expired without a binding agreement. In February, the petroleum refining company's unit Clean Energy Co. signed the MoU to acquire the entire production from the proposed green ammonia plant in Jazan Industrial City in Saudi Arabia. Sarco said the expiry of the MoU does not generate any financial obligations for the company.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.