Category: Commodity

Worley says that they have been selected by First Ammonia to provide front end engineering and design services for a new green ammonia facility in Victoria, Texas. This facility will have an initial anticipated production capacity of 300 t/d of green ammonia. First Ammonia also says that it will be the first in the US to use solid oxide electrolyser technology (SOEC) for hydrogen production, which are 30% more energy efficient compared to conventional electrolysers.

Australia’s NH3 Clean Energy, formerly Hexagon Energy Materials, has signed a memorandum of understanding with the Pilbara Ports Authority to explore options for the loading and export of 600,000 tonnes per annum (TPA) of clean ammonia from its flagship WAH2 project. The MoU is intended to establish operational arrangements and binding agreements supporting ammonia export from the project, covering ship loading for both export and bunkering customers. Ammonia would be transported from the WAH2 plant to the port of Dampier by a newbuild pipeline located in the existing infrastructure corridor and loaded onto ships at the port’s bulk liquids berth, subject to availability and commercial agreements.

New carbon capture-based plants could see US nitrogen capacity jump over the next few years, but Trump attacks on IRA tax credits may scupper some ongoing projects.

Energy company Mabanaft says that it plans to convert four of its tanks at the Blumensand tank terminal in the Port of Hamburg over the next two years. The company’s aim is to facilitate the import of low-carbon methanol to northern Germany. Mabanaft expects demand for low carbon methanol to grow in future, both in the shipping and other transport sectors, as well as in the chemical industry.

India’s push to replace its sizeable urea imports with home grown capacity continues, but may not keep pace with rising domestic demand.

Horisont Energi says that Fertiberia’s participation in the Barents Blue ammonia project will end on February 28th 2025. The two companies had been collaborating on the project since August 2023. Horisont Energi says that it is now looking for additional industrial partners to “further strengthen” the project, which aims to produce 1.0 million t/a of low carbon ammonia using 99% carbon capture at a plant at Markoppnes in northern Norway. Barents Blue has secured sufficient power supply for the first phase of the project, and is supported by a grant via the EU IPCEI hydrogen program, Hy2Use. The project is targeting a final investment decision in 2026 and estimated production start in 2029/2030.

Nitrogen+Syngas ’s annual listing of new ammonia, urea, nitric acid and ammonium nitrate plants.

Support for ammonia prices in markets east of Suez eroded during February. The ongoing bubble of support seen in NW Europe remained just about intact, though news of further declines at Tampa for March and slumping natural-gas prices should begin to eat away at any remaining support in the West. After declining $70/t during the first two months of 2025, the Tampa settlement between Yara and Mosaic was revised down a further $40/t for March, imposing further downward pressure on f.o.b. values in Trinidad and the US Gulf.

Repsol has approved a historic €800 million investment in Ecoplanta, a pioneering project in Europe to transform urban waste into renewable fuels and circular products, adding a solution for reducing CO2 emissions in the transport sector, while at the same time promoting the circular economy. Located in Tarragona, the facility will be the first in Europe to produce methanol from municipal waste via a gasification process developed by Enerkem - a technology company in which Repsol is a partner – using waste that would otherwise end up in landfills or be incinerated.

• Prices look set to come under further pressure moving into March, particularly east of Suez. Prices in the West – specifically in northwest Europe – have enjoyed a partial degree of support through February, though this appears unlikely to hold for much longer.