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Tag: Topsoe

Sulphur Industry News Roundup

US domestic oil production has surged during 2023, reaching 13.3 million bbl/d in December, a record not just for the US but for any single country’s oil production. Adding in natural gas liquids and biofuels takes overall liquids production to 21.4 million bbl/d. Exports are also running at record levels, around 6 million bbl/d. This is a remarkable turnaround from 2008, when production was less then 5 million bbl/d and exports essentially zero. Furthermore, non-OPEC production is continuing to expand, with Brazil reaching 3.4 million bbl/d of oil production and 4.2 million bbl/d of liquids, and Canada producing 4.8 million bbl/d of crude and 5.7 million bbl/d of total liquids, keeping oil prices moderated in spite of OPEC+ production cuts. Global oil production is expected to reach a record level in 2024, with non-OPEC+ liquids growth projected to increase by 2.7 million bbl/d, far more than demand growth of 1.6 million bbl/d. n

Nitrogen Industry News Roundup

OCI Global says that it has reached an agreement for the sale of 100% of its interest in its large-scale nitrogen fertilizer subsidiary the Iowa Fertilizer Company LLC, located in Wever, Iowa, to Koch Ag & Energy Solutions for $3.6 billion. Completion of the transaction remains subject to US anti-trust approval and other customary closing conditions. The transaction is expected to close in 2024. Morgan Stanley & Co. International plc is serving as financial advisor to OCI on the transaction. IFCO produced 1.2 million t/a of urea ammonium nitrate (UAN) in 2021 and 700,000 t/a of anhydrous ammonia, as well as 700,000 t/a of diesel exhaust fluid (DEF).

Nitrogen Industry News Roundup

Proman has signed a memorandum of understanding (MoU) with Mitsubishi Corp to collaborate on the development of a blue ammonia plant at Lake Charles, Louisiana. This new facility will aim to produce around 1.2 million t/a of low carbon ammonia, making it one of the largest of its kind in the world. The plant will incorporate carbon capture and sequestration technology. Proman says that this development aligns with the company’s commitment to sustainability and reducing greenhouse gas emissions. The proposed ammonia plant will be located at Proman’s existing site in Lake Charles, adjacent to its gas-to-methanol plant, which is also currently being developed.

Nitrogen Industry News Roundup

CF Fertilisers UK Limited, a subsidiary of CF Industries, says that it plans to permanently close the ammonia plant at its Billingham fertilizer complex in order to secure the long-term sustainability of its business in the UK. The Company intends to continue to produce ammonium nitrate (AN) fertiliser and nitric acid at the Billingham site using imported ammonia, as it has for the last 10 months following its decision to temporarily idle the plant in August 2022.

Sulphur Industry News Roundup

Following the completion of expansion work on the ultra-sour gas Shah field in May 2023, production has been ramped up. Occidental, which owns 40% of the Shah project and which operates the field in conjunction with ADONC Sour Gas, reported in July that it had achieved record output at Shah, with gross gas sales reaching 722 million scfd in Q2 2023 (equivalent to 1.1 billion scf/d of raw gas, which is 23% H2S and 10% CO 2 ). The expansion has taken processing capacity at Shah to 1.45 billion scf/d and forms part of the UAE’s plans to achieve gas self-sufficiency by the end of the decade. The expansion was conducted by Saipem, who were awarded a $510 million contract in 2021 to expand output from 1.3 billion scf/d to the current 1.45 billion scf/d. Work was completed two months ahead of schedule, according to Occidental.