Tag: CF Industries

Yara to purchase renewable calcium ammonium nitrate (CAN) from Atome

The US fertilizer industry, ranked fourth globally in terms of total production capacity, has grown and developed alongside an increasingly sophisticated domestic agricultural sector. The Biden administration has earmarked $900 million for investment in fertilizer assets to boost domestic production capacity and reduce input costs to farmers.

OCI Global says that it has reached an agreement for the sale of 100% of its equity interests in its Clean Ammonia project currently under construction in Beaumont, Texas for $2.35 billion on a cash and debt free basis. The buyer is Australian LNG and energy company Woodside Energy Group Ltd. Woodside will pay 80% of the purchase price to OCI at closing of the transaction, with the balance payable at project completion, according to agreed terms and conditions. OCI will continue to manage the construction, commissioning and startup of the facility and will continue to direct the contractors until the project is fully staffed and operational, at which point it will hand it over to Woodside. The transaction is expected to close in H2 2024, subject to shareholder approval.

Ammonia markets were quiet in June, though both CF Industries and Grupa Azoty were reported to be looking for July tonnes and the enquiry will test how tight the market is going forward. Algeria has traded in the $400-405/t f.o.b. range, suggesting c.fr values in Europe might be slightly higher at $450-460/t c.fr. Supply from Algeria has been and continues to be somewhat restricted because of constraints caused by the hot weather. Gas supply however is easing in Egypt and further ammonia exports should emerge shortly.

A review of the current slate of plans for green and blue ammonia production.

Marc Hechler is EuroChem Group’s new CEO, replacing Samir Brikho who held the position since August 2022. Mr Hechler brings with him more than 20 years of global fertilizer industry experience. He has led EuroChem’s European business operations for the past five years. His leadership experience includes the successful execution of restructuring projects.

We compare and contrast the 2023 financial performance of selected major fertilizer producers following the publication of fourth quarter results.

OCP Group and Fortescue subsidiary Fortescue Energy have announced a 50:50 joint venture (JV) to supply green hydrogen, ammonia and fertilizers to Morocco, Europe and international markets.

The board of Petrobras has approved the resumption of operations at the company’s Araucária Nitrogenados SA (ANSA) site at Araucaria, Parana state. The plant, which has the capacity to produce 475,000 t/a of ammonia and 720,000 t/a of urea, has been idled 2020.

Mark Brouwer and Jo Eijkenboom of ureaknowhow.com examine the major shifts in global urea production. They also discuss the future of the urea industry and, in particular, how the sector is being affected by the increasing focus on low-carbon ammonia production.