Low carbon ammonia capacity
A review of the current slate of plans for green and blue ammonia production.
A review of the current slate of plans for green and blue ammonia production.
With all of the focus on low carbon ammonia and methanol developments, one could occasionally be forgiven for forgetting that most of the syngas industry relies upon natural gas as a feedstock, and that gas pricing and availability remain the key determinants of profitability for producers. As our article this issue discusses, even low carbon ammonia is likely to be largely based on natural gas, albeit with carbon capture and storage, at least for the remainder of this decade.
Market as of 20th June 2024. Urea: Prices remain stable while the market awaits clear price direction on whether to hold current f.o.b. levels or to push higher.
The fertilizer market is full of contradictions and caveats. What applies to some markets is irrelevant to others, seasonality trends can be thrown off track by a single tender or government decision, and we remain at the often shaky intersection of food, energy and mining market fundamentals.
In a major milestone, Yara International has officially opened its renewable hydrogen plant at Herøya Industrial Park, Porsgrunn, Norway.
The production and use of nitrogen fertilizers are responsible for around five percent of global greenhouse gas (GHG) emissions. The fertilizer industry will need to drastically cut these emissions by 2050 as part of its contribution to the 1.5 °C global warming target. Yet around 48 percent of the global population rely on crops grown with nitrogen fertilizers. Guaranteeing food security, by continuing to supply affordable crop nutrients at scale, while transitioning to a low-carbon future, is therefore the collective challenge for the global fertilizer industry and world agriculture.
A lot of low-carbon ammonia projects have been announced in recent years – so many, in fact, you’ve probably lost count.
The need for immediate climate action and cuts in carbon emissions has never been more urgent, especially in a world where ecosystems are increasingly under threat. The production of green fertilizers offers a clear route to achieving these goals by decreasing the chemical industry’s reliance on fossil fuels. Stamicarbon’s Carmen Perez, Rolf Postma and Nikolay Ketov outline the company’s innovative and integrated approach to green fertilizer technology.
Nadja Håkansson became thyssenkrupp Uhde’s new CEO on 1st May.
We compare and contrast the 2023 financial performance of selected major fertilizer producers following the publication of fourth quarter results.