The fertilizer market is full of contradictions and caveats. What applies to some markets is irrelevant to others, seasonality trends can be thrown off track by a single tender or government decision, and we remain at the often shaky intersection of food, energy and mining market fundamentals.
In a major milestone, Yara International has officially opened its renewable hydrogen plant at Herøya Industrial Park, Porsgrunn, Norway.
The production and use of nitrogen fertilizers are responsible for around five percent of global greenhouse gas (GHG) emissions. The fertilizer industry will need to drastically cut these emissions by 2050 as part of its contribution to the 1.5 °C global warming target. Yet around 48 percent of the global population rely on crops grown with nitrogen fertilizers. Guaranteeing food security, by continuing to supply affordable crop nutrients at scale, while transitioning to a low-carbon future, is therefore the collective challenge for the global fertilizer industry and world agriculture.
A lot of low-carbon ammonia projects have been announced in recent years – so many, in fact, you’ve probably lost count.
The need for immediate climate action and cuts in carbon emissions has never been more urgent, especially in a world where ecosystems are increasingly under threat. The production of green fertilizers offers a clear route to achieving these goals by decreasing the chemical industry’s reliance on fossil fuels. Stamicarbon’s Carmen Perez, Rolf Postma and Nikolay Ketov outline the company’s innovative and integrated approach to green fertilizer technology.
Nadja Håkansson became thyssenkrupp Uhde’s new CEO on 1st May.
We compare and contrast the 2023 financial performance of selected major fertilizer producers following the publication of fourth quarter results.
Urea: Prices continued their global decline in mid-April, including at New Orleans. The notable exception was Brazil where prices firmed due to buyer interest in the market for May and beyond.
Urease and nitrification inhibitors are cost efficient and easy to implement solutions for improving the nitrogen use efficiency (NUE) of urea ammonium nitrate (UAN). The use of inhibitors enables farmers to substantially reduce nitrogen losses and achieve their environmental targets, explains Thomas Profitt , Syensqo’s Global Enhanced Efficiency Fertilizer Manager, while improving crop yields and generating a positive return on investment.
More than 370 delegates from over 150 companies and 40 countries gathered at the Hilton Warsaw City Hotel, Warsaw, Poland, 26-28 February, for CRU’s Phosphates 2024 conference.