Tag: Potash

OCP Group and Fortescue subsidiary Fortescue Energy have announced a 50:50 joint venture (JV) to supply green hydrogen, ammonia and fertilizers to Morocco, Europe and international markets.

At the end of April, Australian mining giant BHP made waves in the business world by offering US$39 billion to take over its London-based rival Anglo-American, creating the world’s largest diversified mining company. For its part, Anglo’s board announced that it was rejecting the offer, saying that it was “opportunistic” and that it “significantly undervalued” their company. A revised bid was said to be in preparation at time of writing.

Paradeep Phosphates Limited (PPL) and Mangalore Chemicals & Fertilizers Limited (MCFL) have agreed to merge.

Urea. As February ended, urea prices found support in the US and Brazil while Europe remained subdued and Egypt struggled to find buyers. New Orleans was the one bright spot in the urea market – with NOLA prices benefitting from the meeting of suppliers and buyers at the TFI’s domestic conference. With positive sentiment all round, prices moved up $30/st, peaking at $390/st f.o.b. for March.

We review potash mining and mineral processing methods. Advances in equipment technology and major project investments are highlighted.

Waste heat recovery in the potash industry is now possible thanks to the availability or robust and reliable heat pipe heat exchangers (HPHEs). Igor Makarenko , Solex Thermal Science, explains how HPHE technology can help potash producers reduce their primary energy consumption and cut their CO 2 emissions.

In a recent webinar, Chris Lawson, CRU’s Head of Fertilizers, gave the CRU view on what 2024 holds in store for the global fertilizer industry. Here are CRU’s top 10 calls for the year ahead:

We look ahead at fertilizer industry prospects for the next 12 months, including the key economic and agricultural drivers likely to shape the market during 2024.

Urea: December began on a positive note with a flurry of Egyptian urea sales and firmer prices for delivery to Brazil. The increase in values was short lived, however, and piecemeal demand in Europe was insufficient to halt the downward trend. By mid-December, buying interest from Brazil had fizzled out, although sellers breathed a sigh of relief when India’s NFL floated a new import tender on 21st December.

Brazil is a powerhouse agricultural economy, ranking as a top three global exporter of soybeans, corn and sugar. It is also the world’s number one producer and exporter of oranges and orange juice – as highlighted in our current issue (p18).