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Category: Asia

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).

Syngas News Roundup

Jiangsu Sailboat Petrochemical has started up a CO2 -to-methanol plant at the Shenghong Petrochemical Industrial Park. The plant was developed in conjunction with Iceland’s Carbon Recycling International (CRI), with the plant brought to life in under two years from the initial contract signing. The methanol plant uses CRI’s proprietary emissions-to-liquids (ETL) technology, transforming waste carbon dioxide and hydrogen gases into sustainable, commercial-grade methanol. According to CRI, uses 150,000 t/a of carbon dioxide sourced from waste streams at the large petrochemical complex as feedstock, significantly reducing emissions that would have otherwise been released into the atmosphere. The plant has the capacity to produce 100,000 t/a of sustainable methanol, used primarily to supply Jiangsu’s methanol to olefins facility to produce chemical derivatives, including sustainable plastics and EVA coatings for solar panels. This is expected to reduce the reliance on fossil-based methanol to drive more sustainable value chains and carbon footprint reduction initiatives across various sectors, such as industrial manufacturing and renewable energy.

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.

Sulphuric Acid News Roundup

First Quantum Minerals Ltd. has contracted with MECS, Inc. (MECS), a subsidiary of Elessent Clean Technologies, for the Kansanshi smelter expansion at the Kansanshi mine at Solwezi. MECS’ scope of work will include a redesign of the existing sulphur-burning sulphuric acid plant into a copper smelter off-gas recovery sulphuric acid plant. This transition to a copper smelter off-gas recovery acid plant will enable First Quantum to reduce emissions from the existing copper smelter, increase production at the mine, and supply more copper to the global market, which will enable the adoption of greener technologies. MECS’ design for First Quantum incorporates proprietary technologies such as MECS® catalyst for low emissions and high conversion, Brink® mist eliminators, ZeCor® alloy towers and pump tank and UniFlo® acid distributor technology for operational reliability and efficiency.

Sulphur Industry News Roundup

Tecnimont, part of MAIRE’s Integrated E&C Solutions business unit, has signed a letter of award with ADNOC for the onshore processing plant of the Hail and Ghasha Development Project. The award was signed at ADIPEC, the world’s largest energy summit. The project aims to operate with net zero CO 2 emissions, in part due to the facility’s CO 2 carbon capture and recovery units, which will allow the capture and storage of CO 2 . The project will capture 1.5 million t/a of CO 2 , taking ADNOC’s committed carbon capture capacity to almost 4 million t/a. The company recently announced its decision to double its carbon capture capacity to 10 million t/a by 2030. The Hail and Ghasha CO 2 will be captured, transported onshore and stored underground, while low-carbon hydrogen will be produced to replace fuel gas and further reduce emissions, according to ADNOC. The project will also use power from nuclear power plants and renewable sources from the grid.

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.

China’s troubled transition

All is not well with the Chinese economy. Growth has slowed to a fraction of what it was, only 0.8% in 2Q 2023, and has not bounced back as expected as covid lockdowns were eased. Exports and imports are both falling, debt has reached 300% of GDP, youth unemployment is running at 20%, and the property market is collapsing, with huge property developers like Evergrande and Country Garden only avoiding bankruptcy via government arranged loan restructurings. Consumer prices have fallen year on year, raising the spectre of deflation, and productivity growth has fallen from 4.5% year on year in 2006-7 to around 0.8% today. The yuan is trading at a 16-year low against the dollar.

Sulphuric Acid News Roundup

Adani Enterprises says that its new greenfield copper smelter at Mundra in Gujarat, being developed by its subsidiary Kutch Copper Ltd, will begin operations in March 2024. The $1.1 billion project will have an annual production capacity of 1 million t/a of copper once the second phase is complete, but the March 24 start-up will be for the first, 500,000 t/a phase. The plant will also produce 25 t/a of gold, 250 t/a of silver, and 1.5 million t/a of sulphuric acid and 250,000 t/a of phosphoric acid as by-products. India currently imports roughly two million t/a of sulphuric acid since the closure of the Vedanta smelter in Tamil Nadu.