Minbos secures full funding package for Angola phosphate plant
Australian-listed Minbos Resources has received a debt terms sheet for an AOA 5 billion ($5.48 million) facility from...
Tag: Production
ICL opens specialty fertiliser plant in India
ICL Group has opened a new specialty fertiliser production facility in Maharashtra, India, as geopolitical disruption to...
Indorama to invest $525 million in Egyptian phosphate complex
Indorama Corporation has signed a contract to establish a phosphate fertilisers and chemicals complex in Egypt...
Mosaic idles Brazilian phosphate plants in major restructure
US fertilizer giant the Mosaic Company has announced the idling and demobilisation of its Araxá Mining and ...
PMP inaugurates fifth phosphoric acid line at Jorf Lasfar
The new line was inaugurated on the 2 April and has a capacity of 400 tonnes per day.
K+S And Elixir launch European tMAP production
Production of technical monoammonium phosphate (tMAP) has begun at the Industrial ChemPark Prahovo site in Serbia.
Middle East conflict drives historic urea affordability crisis
An update on the impacts of the Middle East conflict on fertilizer markets.
IFFCO expands acid capacity at Paradeep
Indian Farmers Fertiliser Cooperative Limited (IFFCO) has inaugurated its new, third sulphuric acid plant at its facility in Paradeep, Odisha. This expansion significantly boosts the site's total production capability from 750,000 t/a to 2.2 million t/a. The plant, dedicated by Union Minister Amit Shah, highlights a major increase in domestic capacity for India's fertilizer industry.
Devon and Coterra merger creates shale major
Devon Energy has signed a definitive merger agreement with Coterra Energy. The companies say that the combination will create a leading shale operator with a high-quality asset base anchored by a premier position in the economic core of the Delaware Basin. The combined company will be named Devon Energy and will be headquartered in Houston while maintaining a significant presence in Oklahoma City. The companies say that they have identified $1 billion in annual pre-tax synergies which, together with technology-driven capital efficiency gains and optimised capital allocation will drive near and long-term per share growth.
Coromandel starts trial operations at new acid plants
Coromandel International says that it has started trial production at its new sulphuric acid and phosphoric acid plants in Kakinada, Andhra Pradesh. The company says that this marks a crucial step towards transforming the unit into a fully integrated facility, significantly enhancing production capacity and diminishing reliance on imported raw materials for fertiliser manufacturing. The company is now focusing on a phased ramp-up. The new plants have of 2,000 t/d of sulphuric acid and 650 t/d of phosphoric acid, respectively. The integration of these acid plants is strategic, aligning with Coromandel's objective to strengthen backward integration in its fertiliser manufacturing value chain. By producing key intermediates in-house, the company aims to secure stable supplies, enhance cost efficiencies, and achieve greater self-sufficiency, thereby reducing dependence on imported raw materials. The project aims to replace over 50% of the Kakinada plant's imported acid requirements and mirror the integration levels seen at its Vizag and Ennore facilities.