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Magazine: Sulphur

Market Outlook

Indonesian imports have increased in 2023 so far on a year earlier. As new nickel high pressure acid leach projects ramp up, demand for sulphur is expected to increase further. Swing buyers have been importing significant volumes of sulphuric acid, affecting short term sulphur demand in the second quarter. It remains to be seen if this will continue, we expect sulphur demand to ramp up further in the second half of the year, bringing import expectations for the year to around 2 million t.

People

Metso Outotec’s annual general meeting (AGM) in early May approved the board of directors’ proposal to change the company name to Metso Corporation. “After the successful integration of Metso and Outotec, we will focus on growing a strong unified Metso company and brand,” says President and CEO of Metso, Pekka Vauramo. “We have combined two valuable companies into one strong Metso. Our focus is clear: we continue enabling sustainable modern life and transforming the industry with a clear strategy and strong culture, supported by a name that is short yet established and well recognized among all our stakeholders. Services are an extremely important part of our business, requiring a strong name.”

Sulphur Industry News Roundup

Bedeschi has been awarded a contract by Tecnicas Reunidas and Wison Engineering for the engineering and supply of new sulphur-handling equipment. Tecnicas Reunidas and Wison Engineering are working in a 70-30 joint venture partnership on the North Field Expansion Project (NFXP) Sulphur Project, which forms part of the overall Qatar North Field Expansion Project. Last year were awarded a $600 million contract to process and export sulphur from the projected expansion of the liquefied natural gas (LNG) facilities in Ras Laffan Industrial City. The new sulphur plant will have the capacity to process an average of 5,000 t/d of molten sulphur.

People

PhosAgro’s shareholders elected a new board of directors during the company’s annual general meeting (AGM), held on 24 March. The new board includes: Viktor Ivanov, Yuriy Krugovykh, Siroj Loikov, Natalia Pashkevich, Mikhail Rybnikov, Alexander Seleznev, Vladimir Trukhachev, Viktor Cherepov, Alexander Sharabaiko and Andrey Sharonov. The AGM also approved the company’s annual report for 2022, which reflected total production of 11.1 million t/a of agrochemical products (up nearly 5% year-on-year); and a one-third increase in investments to develop the company. PhosAgro CEO Mikhail Rybnikov said: “The consistent implementation of our long-term development programme enabled us to increase production last year, and we remained the leader in terms of the total supply of all types of fertilizers to the domestic market and expanded our support in the social sphere considerably. We intend to maintain this momentum of steady development. In 2023, we expect further growth in the production of agrochemical products, to 11.3 million tonnes. Our workforce laid the groundwork for this in January-February, as we increased production of phosphoric acid and sulphuric acid by 22% and 17% year-onyear, respectively, over this period.”