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    Nitrogen+Syngas 399 Jan-Feb 2026

    27 January 2026

    Toyo to build AN plant

    Toyo to build AN plant

    Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) has announced a contract award worth approximately $40 million to Toyo Engineering India Pvt Ltd for the supply of a second ammonium nitrate on an LEPC (Lump Sum Engineering, Procurement and Construction) basis. The plant will have a capacity of 480 t/d (160,000 t/a), and is projected to be built over a 20 month project timescale. The project received board approval during GNFC’s most recent board meeting. Toyo Engineering India has established a strategic tie-up with Spain’s INCRO SA for the technology license and supply of process knowhow. The new ammonium nitrate plant represents a substantial expansion for GNFC, with the company stating that this installation will enhance their capacity by 94%. GNFC says that it will better position the company to serve India’s growing demand for AN, while leveraging advanced international technology through the Toyo-INCRO partnership.

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    Ammonia values have continued to ease across most regions at the end of June, as the first ammonia vessels begin to exit the Gulf since the Iranian conflict began. Iranian ammonia had also begun to flow to India following the US Treasury’s issuance of a 60-day sanctions waiver on 22 June, allowing dollar-denominated trade in Iranian petrochemical products through 21 August. As a result, Indian bids have been heard as low as $750/t c.fr, as buyers benefit from a widening pool of available supply - Iranian, Chinese and renewed Southeast Asian material are all competing for the same business.