Edition Tag: Sulphur 2024-07-31

Saudi Aramco has sold another tranche of 1.54 billion shares, amounting to 0.64% of the company’s total ownership. The sale, at 27-29 riyals per share, was oversubscribed by a factor of five, making it more popular than the previous IPO, in 2019, which sold 1.5% of the company’s shares for a total of $29.4 billion. Foreign take up of shares was also higher this time, with more than half of sales to foreign investors, compared to 23% for the 2019 sale. However, it remains relatively small in scale compared to Saudi Arabia’s ambitions as part of its Vision 2030 plan to encourage more foreign direct investment and wean the country off its dependence on oil. Aramco is the world’s largest oil company in terms of both daily crude production and market cap, and remains 82% in the hands of the government and 16% held via the country’s sovereign wealth fund, the Public Investment Fund (PIF).

The pursuit of operational excellence requires continuous process monitoring, together with qualified analysis of the collected data. The Digital Process Monitor (DPM) provides a process digital twin which consists of an accurate process plant model that incorporates the licensor’s knowledge and expertise in sulphur recovery technology, thereby providing continuous insights into plant performance. This article provides an overview of the DPM features focusing on the related benefits in terms of overall operational improvements and plant efficiency for the sulphur recovery unit.

Representatives from across the global sulphur and sour gas community convened in Abu Dhabi from 20 to 23 May to discuss and debate the key strategic themes that are driving the industry. The Middle East Sulphur Conference (MEScon) is a premier event that brings together representatives from the entire sour gas and sulphur value chain to promote technology and innovation, lessons learned, best practices, knowledge transfer and R&D.

Brazilian phosphate producer Galvani says that it has begun work on its major phosphate expansion in Bahia state, including a new production plant at Ceará, in partnership with Indústrias Nucleares do Brasil (INB). The company aims to reduce Brazil’s northern and northeastern regions’ reliance on imported fertilizers. The first phase includes $133 million of investment, including $76 million for new phosphate mining at Irecê, and $38 million for Luís Eduardo Magalhães factory, also in Bahia. This expansion will take capacity from 600,000 t/a to 1.2 million t/a by 2026. The expansion at Luís Eduardo Industrial Complex includes expansion of sulphuric acid capacity from 165,000 t/a to 250,000 t/a.

Sulphur prices are expected to recover from declines in May and June and continue climbing over the coming months, though good availability will limit upside.

The refining industry continues to pivot towards Asia, with knock-on effects for sulphur output.

Liquid sulphur presents unique challenges in its handling and transport compared to solid sulphur.

The International Fertilizer Association (IFA) elected seven new representatives to its Board of Directors at its Annual General Meeting, held in Singapore on 22 May. The AGM took place on the final day of the IFA Annual Conference 2024. The seven new Board Directors elected by the membership are: Bruce Bodine , Mosaic; Soufiyane El Kassi , OCP Nutricrops; Xiaofeng Hou , China BlueChemical; Dmitry Konyaev , Uralchem JSC; Jahangir Piracha , Fauji Fertilizer Company Ltd; Edward Weiner , Trammo, Inc.; and Kelvin Wickham , Ballance Agri-Nutrients.

Intermittent supply from China due to export restrictions and US duty changes have kept markets guessing over the past couple of years, and there is no sign of that changing.