Section: CRUNS Market & Features

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.

• 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.

Ammonia markets saw a slow start to 2025, with further transparency needed on both sides of the Suez to determine the extent to which prices are expected to fall through January amid healthy supply and only limited pockets of demand.

High energy storage costs for renewable-based technologies are likely to make European long term carbon prices considerably higher than their present levels.

Prices in most markets should register declines through January, though the extent to which benchmarks will ease is yet unclear. Chinese suppliers have seen significant price declines in recent weeks.

Blue hydrogen has emerged as a crucial technology for decarbonisation as nations around the world work towards net-zero carbon targets. By decarbonising hydrogen production and exploring clean hydrogen sources we can fully harness the potential of hydrogen in the global energy transition. Johnson Matthey, Topsoe and Casale report on their strategies and advanced technical solutions for large scale blue hydrogen production.

Syngas generation units (SGU) represent a large portion of the capital and operational expenditure of ammonia plants and are critical from a mechanical reliability standpoint. Related capex/opex optimisation and mitigation of possible operational problems are key targets for ammonia plant owners. Giovanni Manenti introduces NITROQUENCH® technology which focuses on these key targets for ammonia SGU.

The 38th Nitrogen+Syngas Expoconference will take place in Barcelona, Spain, from 10-12 February 2025. Join us at this industry leading event featuring the most comprehensive agenda to date.

Expensive feedstock, overseas competition and tightening environmental regulations all pose potential threats to Europe’s nitrogen industry.