
Top ten fertilizer calls for 2024
In a recent webinar, Chris Lawson, CRU’s Head of Fertilizers, gave the CRU view on what 2024 holds in store for the global fertilizer industry. Here are CRU’s top 10 calls for the year ahead:
In a recent webinar, Chris Lawson, CRU’s Head of Fertilizers, gave the CRU view on what 2024 holds in store for the global fertilizer industry. Here are CRU’s top 10 calls for the year ahead:
The Saudi Arabian Mining Company (Ma’aden) has entered into a partnership with Metso and thyssenkrupp Uhde to develop and license an integrated process to reduce carbon emissions and recycle phosphogypsum in Saudi Arabia. A framework agreement between the three partners was jointly announced on 10th January.
Urea: December began on a positive note with a flurry of Egyptian urea sales and firmer prices for delivery to Brazil. The increase in values was short lived, however, and piecemeal demand in Europe was insufficient to halt the downward trend. By mid-December, buying interest from Brazil had fizzled out, although sellers breathed a sigh of relief when India’s NFL floated a new import tender on 21st December.
New regulatory developments in Europe are focusing attention on eliminating microplastic residues in soils by adopting biodegradable fertilizer coatings. Major technology licensors and engineering companies are also developing new coating technologies for controlled-release fertilizers (CRFs).
More than 700 delegates from 300 companies and 55 countries gathered at the EPIC SANA Lisboa Hotel, Lisbon, Portugal, 17-19 October 2023, for the Argus Fertilizer Europe 2023 conference.
Low demand, high gas prices and cheaper Russian imports of urea and ammonia are keeping a lid on European fertiliser production, prompting fears of permanent plant closures. ICIS’s Deepika Thapliyal, Sylvia Tranganida, and Aura Sabadus examine the challenges faced by the sector and the potential long-term impacts on the European fertilizer industry.
Market Insight courtesy of Argus Media. Urea: Prices in general fell further in late October. Suppliers in most regions were forced to accept lower than expected net-backs due to low import demand and high producer inventories. India was the exception with IPL securing 1.7 million tonnes of urea at $400-404/t cfr under its 20th October tender.
Market Insight courtesy of Argus Media
The ammonia industry is expected to change drastically in the coming years to meet sustainability goals and to face the problem of climate change. New low carbon ammonia plants as well as fully green facilities are expected to be commissioned to meet the target of climate neutral production. The integration of an existing ammonia facility with green hydrogen to supplement or replace the grey ammonia production with green ammonia represents a low-risk solution to meet the requirement for running clean ammonia plants and offers the most competitive green ammonia production cost in the short term. In this article Sergio Panza and Marco M. Carlucci of Casale paper present different scenarios based on energy availability at battery limits.
While producing ammonia with hydrogen from electrolysis remains expensive, large scale lower carbon ammonia has focused on carbon capture and storage from existing plants, so-called ‘blue’ ammonia. But exactly how green is blue?