Tag: Investment

The first global review of phosphate rock resources since 2010 has reported that technically recoverable reserves should last for more than 300 years.

Anglo American recently unveiled the long-awaited strategy update for its large-scale Woodsmith mine project in the UK. Initial production of the company’s POLY4 polyhalite fertilizer is now scheduled to begin in 2027. The mine’s ultimate annual output has also been increased to 13 million tonnes.

In September last year, one of the largest mining equipment and technology deals in history closed when FLSmidth finally completed its purchase of thyssenkrupp Mining. We look at the implications for the fertilizer sector and phosphate and potash mining.

Evaporation and crystallisation are widely used throughout the fertilizer industry. These powerful production processes are helping fertilizer manufacturers diversify their product portfolios, improve profitability and meet sustainability goals.

PhosAgro’s shareholders elected a new board of directors during the company’s annual general meeting (AGM), held on 24 March. The new board includes: Viktor Ivanov, Yuriy Krugovykh, Siroj Loikov, Natalia Pashkevich, Mikhail Rybnikov, Alexander Seleznev, Vladimir Trukhachev, Viktor Cherepov, Alexander Sharabaiko and Andrey Sharonov. The AGM also approved the company’s annual report for 2022, which reflected total production of 11.1 million t/a of agrochemical products (up nearly 5% year-on-year); and a one-third increase in investments to develop the company. PhosAgro CEO Mikhail Rybnikov said: “The consistent implementation of our long-term development programme enabled us to increase production last year, and we remained the leader in terms of the total supply of all types of fertilizers to the domestic market and expanded our support in the social sphere considerably. We intend to maintain this momentum of steady development. In 2023, we expect further growth in the production of agrochemical products, to 11.3 million tonnes. Our workforce laid the groundwork for this in January-February, as we increased production of phosphoric acid and sulphuric acid by 22% and 17% year-onyear, respectively, over this period.”

Mining major Anglo American is to invest up to $4 billion to complete its Wood-smith mine project in the UK.

Russia’s invasion of Ukraine has hit European fertilizer producers hard. Ammonia plants across the continent have been inactive over the winter due to prohibitively high feedstock costs. The future of nitrogen fertilizer production in the region will depend on access to an affordable, secure and sustainable energy supply and the switchover to low-carbon technologies.

Lithium sulphur batteries have many advantages over conventional lithium ion batteries in terms of energy density, and they also avoid the use of costly cobalt, but they deteriorate rapidly and cannot be recharged as frequently. However, recent advances in Li-S batteries could overcome this problem and lead to widespread adoption.

BASF says that its high-pressure regenerative CO2 capture technology HiPACT ® , codeveloped by BASF and engineering partner JGC Corporation will be used by INPEX, one of Japan’s largest exploration and production companies, in its Kashiwazaki Clean Hydrogen/Ammonia Project. This is Japan’s first demonstration project for the production of blue hydrogen/ammonia from domestically produced natural gas, the consistent implementation of carbon capture, utilisation and storage (CCUS) in domestic depleted gas fields and the use of hydrogen for power generation and ammonia production. The project is funded by the Japanese governmental organization New Energy and Industrial Technology Development Organization (NEDO).

More than 650 delegates from 326 companies and 56 countries gathered at the Hotel RIU Plaza España, Madrid, Spain, 17-19 October 2022, for the Argus Fertilizer Europe 2022 conference.