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Ammonia and sulphur market trends
Ammonia and sulphur, as essential raw materials, underpin and drive fertilizer production costs. A steep and sustained rally has seen prices for both commodities reach new heights in recent months.
Ammonia and sulphur, as essential raw materials, underpin and drive fertilizer production costs. A steep and sustained rally has seen prices for both commodities reach new heights in recent months.
As recently as five years ago, decarbonising fertilizer production was little more than an aspiration.
ICIS, the independent commodity intelligence company, provides an overview of the nitrogen market. The world supply of urea looks set to outpace market demand in 2021, as several new projects come on-stream. Global ammonia demand, in contrast, is expected to rebound strongly this year after a difficult 2020. The flurry of recent green ammonia projects announcements is another significant market development.
Georgy Eliseev , Principal Analyst at Fertecon for IHS Markit, looks at the medium to long term outlook for both ‘green’ and ‘blue’ ammonia production.
This year the CRU Nitrogen + Syngas conference is going virtual. From 1 to 3 March 2021, the CRU virtual event will offer a live and on-demand agenda, interactive exhibition and enhanced networking capabilities on a platform tailored to make remote access as easy as possible.
The United States has imposed duties on Russian and Moroccan phosphate imports.
Illinois-headquartered CF Industries has made a long-term commitment to low-carbon ammonia production and net-zero emissions.
Recent protests in Belarus have triggered a wave of share price volatility, London’s Financial Times reported on 18th August.
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.
Leading EU phosphate and NPK fertilizer producers are profiled, including EuroChem, Fertiberia, Grupa Azoty, ICL, Prayon and Yara.