Tag: Investment

Some 410 delegates from 208 companies and 45 countries participated virtually in the IFA Global Sustainability Conference, 28-31 March 2022. We report on the main highlights of this four-day event.

Copper leaching and smelting projects in Zambia and Zimbabwe continue to dominate acid production and consumption, with output expected to increase from the Kamoa-Kakula project.

The recently-published IEA Ammonia Technology Roadmap sets out a future pathway for decarbonising the nitrogen industry. New technology options for low-carbon ammonia production are emerging and project activity is on the rise.

More than 745 delegates from 335 companies and 50 countries gathered at the Hilton Downtown, Miami, Florida, 21-23 March, for the Fertilizer Latino Americano 2022 conference. The event was jointly convened by Argus and CRU.

The Woodsmith polyhalite project in the UK is starting to benefit from Anglo American’s ownership, with the mining major leveraging its key advantages to good effect. These include the company’s operational size and financial stability, its vast mineral extraction experience, and premium product marketing expertise. The company also believes that the fertilizer sector will benefit from its leadership in mining industry sustainability.

Heat recovery systems at sulphuric acid plants have been providing carbon-free energy for decades now and continue to improve. There is also potential to combine the clean power generated at acid plants with hydrogen production from water electrolysis. This could provide the basis for green fertilizer production.

Italy’s Maire Tecnimont Group has named Alessandro Bernini as its chief executive officer (CEO) and chief operating officer (COO). The announcement was made following the resignation of Pierroberto Folgiero , the company’s previous CEO and COO, with effect from 15th May.

Itafos has announced the appointment of Stephen Shapiro and Isaiah Toback to its board of directors, effective from April 14, 2022. Toback replaces Rory O’Neill as a nominee by its principal shareholder, CL Fertilizers Holding LLC, pursuant to an investor rights agreement between the Company and CLF.

Sulphur prices keep on climbing. A quick check as I was writing this showed some indicators above $600/t, around four times what they were last year. As the title of this editorial suggests, what goes up must of course eventually come back down, but of course as always the question is: when?

EuroChem Group recently completed the purchase of the Serra do Salitre project from Yara International for $452 million. This one million tonne capacity Brazilian phosphate project is due to be completed in 2024.