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Magazine: 387 Jan-Feb 2024

Price Trends

Ammonia prices are expected to remain soft moving through January with little in the way of price support from both a supply and demand perspective. Weakened global sentiment was characterised by news of January’s Tampa settlement $100/t down on December at $525/t CFR, with further declines anticipated in Q1 once the Gulf Coast Ammonia (GCA) project comes online. Traders returned to their desks in the New Year and ammonia prices extended losses amid a stable supply outlook and a distinct lack of downstream industrial and fertilizer demand.

An ideal reactor for green methanol

As the production of renewable methanol continues to scale up, it will provide a long term, carbon-neutral energy solution to different transport sectors. However, the optimum design parameters for green methanol plants are substantially different to natural gas-based methanol plants and pose new challenges to the methanol loop designer. Connor Longland of Johnson Matthey (JM) discusses the challenges and presents the benefits of the tube cooled converter for e-methanol production.