Chinese acid export ban drives prices higher
Bullish sentiment in the sulphuric acid market has intensified amid the suspension of all Chinese sulphuric acid exports from May.
Bullish sentiment in the sulphuric acid market has intensified amid the suspension of all Chinese sulphuric acid exports from May.
Indorama Corporation has signed a contract to establish a phosphate fertilisers and chemicals complex in Egypt...
A consortium of major oil companies lost another court appeal in Kazakhstan over an environmental fine of approximately $5 billion related to the storage of excessive amounts of sulphur, according to a court ruling on April 8th. The penalty was levied against the North Caspian Operating Co. (NCOC), operator of the giant Kashagan oil field, for allegedly violating environmental regulations by stockpiling sulphur.
Bullish sentiment in the sulphuric acid market has intensified amid the suspension of all Chinese sulphuric acid exports from May through the end of the year. Although no formal announcement has been issued by government authorities, smelters are reportedly preparing to implement the measure.
US fertilizer giant the Mosaic Company has announced the idling and demobilisation of its Araxá Mining and ...
The new line was inaugurated on the 2 April and has a capacity of 400 tonnes per day.
Metso has signed a major agreement with Southern Peru Copper Corporation, one of the largest copper producers in the world, for the supply of copper solvent extraction and electrowinning (SX/EW) technology to the company’s Tia Maria project in Cocachacra, Peru. The new plant will produce 120,000 tons of high-purity copper cathodes per year. Metso’s scope […]
Indian Farmers Fertiliser Cooperative Limited (IFFCO) has inaugurated its new, third sulphuric acid plant at its facility in Paradeep, Odisha. This expansion significantly boosts the site's total production capability from 750,000 t/a to 2.2 million t/a. The plant, dedicated by Union Minister Amit Shah, highlights a major increase in domestic capacity for India's fertilizer industry.
The effective closure of the Straits of Hormuz by Iran in the wake of US and Israeli attacks has sent shockwaves through all markets, but sulphur has been particularly badly affected. While the Straits carry 22% of global phosphate exports and 35% of urea, for sulphur around 45% of the 39 million tonnes transported internationally every year must traverse the narrow waterway, with major suppliers like Abu Dhabi and Saudi Arabia relying upon it for their export cargoes.
Devon Energy has signed a definitive merger agreement with Coterra Energy. The companies say that the combination will create a leading shale operator with a high-quality asset base anchored by a premier position in the economic core of the Delaware Basin. The combined company will be named Devon Energy and will be headquartered in Houston while maintaining a significant presence in Oklahoma City. The companies say that they have identified $1 billion in annual pre-tax synergies which, together with technology-driven capital efficiency gains and optimised capital allocation will drive near and long-term per share growth.