Tag: Contract

Spanish fertilizer producer Fertiberia is teaming up with energy firm Iberdrola to build Europe’s largest plant for generating green hydrogen for industrial use – in this case ammonia production. The 100MW solar plant and accompanying 20 MWh lithium-ion battery system and 20MW electrolytic hydrogen production system will be built at a cost of $174 million, and electrolyse water to produce 720 t/a of hydrogen. When fed into Fertiberia’s existing ammonia plant at Puertollano, 250km south of Madrid, the hydrogen will allow a 10% reduction in natural gas use by the plant, saving the company 39,000 t/a in annual CO 2 emissions. Start-up is planned for 2021. Fertiberia will also use electrolysis-generated oxygen as a raw material for nitric acid, which is used to produce ammonium nitrate at the site.

Sophisticated control of phosphates production is now possible thanks to the availability of real-time process analysers. We assess the range of technologies currently on the market and their key advantages.

Recent protests in Belarus have triggered a wave of share price volatility, London’s Financial Times reported on 18th August.

DuPont Clean Technologies has announced the successful startup and performance test of a 300,000 t/a STRATCO® alkylation unit licensed at the Hengli Petrochemical Company’s new refinery complex on Changxing Island in the Harbour Industrial Zone, China. The new alkylation unit enables Hengli to produce high-quality alkylate from a 100% isobutylene feed stream, catalysed by sulphuric acid. This first-of-a-kind unit was developed through DuPont research into the best ways to maximise product octane and minimise end point with this feedstock. Hengli had awarded DuPont the contract for the new alkylation unit as well as a MECS® sulphuric acid regeneration unit in 2015.

The fertilizer industry’s ‘essential’ status is no barrier to bearish pricing, according to Andy Hemphill, senior markets editor for potash at ICIS Fertilizers.

On June 30th, following clearance from the European Commission, Outotec completed the year-long merger of Metso’s Minerals business with Outotec via a partial demerger of Metso. The newly formed company, Metso Outotec, will focus on leadership in sustainable minerals and metals processing and recycling technologies. Headquartered in Finland, Metso Outotec employs over 15,000 professionals in more than 50 countries and its combined sales for 2019 were e4.2 billion.

US crude production dropped rapidly during April and May, but figures released by the Energy Information Administration (EIA) showed that this had plateaued and there have been some well reactivations and drawdowns from crude stocks. Total production curtailments in North America were more than 2.5 million bbl/d in May. ConocoPhillips Chairman and CEO Ryan Lance said in remarks to the media that a return to pre-outbreak production levels of 13 million bbl/d looked “pretty difficult”, although a recovery to 11 million bbl/d or possibly as high as 12 million bbl/d would be possible, depending upon OPEC moves. About one third of the company’s production was shut in as of the start of June – some 400,000 bbl/d. Lance argued that low cost shale oil resources still exist in the US, but there will be pressure on companies to reduce capital spending. The Covid19 outbreak has had a major impact in investment announcements, with a large number of project delays in the US due to uncertainty over future demand levels. Planned US exploration and production expenditure is down by 50% for the second half of 2020, while the rig count was down 60% on February.

Maire Tecnimont subsidiary Tecnimont SpA has finalised its $350 million EPC contract with Egypt Hydrocarbon Corp. (EHC) for the construction of a new ammonia plant at Ain Sokhna. The preliminary contract was announced in September last year. The contract for the plant, which will produce 1,320 t/d of ammonia, also includes extensive utilities and offsite facilities. Project completion is scheduled for 36 months from the effective contract date, which will be triggered by financial closure of the project. Project finance is being arranged by the Italian export credit agency SACE and the US EXIM Bank. The ammonia will be used to feed an ammonium nitrate plant, already existing and in operation in the same industrial facility, also owned by EHC.

“T here are,” Mark Twain once remarked, “three kinds of lies: lies, damned lies, and statistics.” It’s certainly difficult to know what to make of economic statistics and indicators at the moment, in the world turned upside down that the Covid-19 pandemic has delivered. Here in the UK, we are told that April and May saw the national economy contract by 25%, the largest fall in 300 years of the Bank of England’s economic record keeping, and the situation is very similar across much of the developed world. But how real is that figure? After all, we were all sent home in March, to ‘lock down’ and prevent the spread of the virus, and we are only now starting to move back towards some semblance of normality. Some of us, fortunately or not, have still been able to work from home, but for much of the economy, especially for much of the service sector; tourism, travel, restaurants and hotels, theatres and cinemas – there has been zero activity. Remove half of the largest sector of the economy for three months and surely a 25% fall in output is exactly what you’d expect? But is that real, or just a number? Has that activity gone for good, or, now that we are emerging, blinking into the sunlight again, can we switch the economy back on again as easily as we switched it off?

ICL Group has launched an interactive online advisory forum for farmers and agronomists.