Offtake deal for Barents Blue project

President Donald Trump delayed his ‘liberation day” tariffs by three months on 9th April, while simultaneously ramping up levies on China. In this latest twist to the on-off US tariffs saga, the Trump administration’s 90-day pause on additional duties should provide international suppliers to the world’s biggest fertilizer market with some respite – for now. With the exception of China, the US will now cut back its so-called ‘reciprocal tariffs’ to 10% for the duration of a three-month suspension period. The European Union’s tariff is now halved to 10%, for example, with the trade bloc also pausing its trade countermeasures against the US.

Indonesia has become the epicentre of the world nickel industry, and is now seeking to raise royalty rates to capture more value from this. Will this impact upon the continuing expansion of HPAL capacity there?

Thyssenkrupp Uhde’s BioTfueL® technology has been selected for the BioTJet project by Elyse Energy and its partners (Axens, Avril, IFPEN). This project will produce sustainable aviation fuel (SAF) from end-of-life wood waste and local forestry residues. together with the addition of green hydrogen. By 2029, BioTJet will supply sustainable aviation fuel to reduce carbon intensity in air

Daewoo Engineering & Construction has signed a $700 million framework agreement to build a fertilizer plant in Turkmenistan. The agreement was signed in Seoul with Turkmenistan's state-owned chemical firm, Turkmenhimiya, according to the Turkmen Ministry of Trade, Industry and Energy, noting the Korean firm was named the preferred bidder for the project in October. The project aims to construct a fertilizer plant that will extract phosphoric acid from phosphate rocks and process the substance into 300,000 t/a of annually in eastern Turkmenistan by 2029.

While the US tariff situation remains subject to considerable uncertainty, there has already been an impact on short term trade flows, as well as investment decisions.