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Tag: Demand

Sulphuric Acid News Roundup

OCP Group has launched what it calls the Mzinda-Meskala Strategic Programme, aimed at significantly expanding fertilizer production in the country. Initially announced in December 2022, the program is set to enhance production capacity in two key regions: the Mzinda-Safi Corridor and the Meskala-Essaouira Corridor. This initiative is part of OCP’s broader strategy to meet growing global demand for fertilizers while committing to long-term sustainability goals, including achieving carbon neutrality by 2040.

New SOP capacity – reality bites

The prospect of a drastic expansion in potassium sulphate production has been linked to a plethora of projects in Australia, Ethiopia, and Eritrea. These have sought to take advantage of market tightness and high price premiums. Yet investor interest in supposedly promising projects has waned over the last few years. In this insight article, CRU’s Alexander Chreky explains the reasons behind the high project failure rate, as well as highlighting some limited successes.

A sea change?

In our May/June issue I discussed the race to be the next major green shipping fuel, in which methanol and ammonia both remain significant contenders, but which methanol appeared to be pulling ahead in. But more recently, a few stories from the past few weeks have left me not quite as sure as I was about that. Firstly, there’s the news in our Syngas News section this issue that the FlagshipONE green methanol project in Sweden is being delayed and possibly abandoned, because demand for green methanol for shipping has not actually materialised as fast as was anticipated.