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Tag: Nitric Acid

Nitrogen Industry News Roundup

Maire SpA subsidiary Tecnimont, together with Orascom Construction SAE, have been awarded a lump sum turn-key engineering procurement and construction contract for new nitric acid and ammonium nitrate plants by the Egyptian Chemical Industries Company (‘Kima’). The contract value is approximately $300 million, of which about $220 million relates to Tecnimont activities. Finalisation of the contract is subject to successful execution of the financing package. The scope of work includes mainly engineering, supply of all materials and equipment – to be performed by Tecnimont – as well as construction activities, to be carried out by Orascom Construction.

Nitrogen Industry News Roundup

Mining, metals and fertilizer business intelligence company CRU has launched a new low-emissions ammonia (LEA) price assessment in its Fertilizer Week price reporting service. The price takes a value-based approach, whereby a premium on the Northwest European ammonia price is calculated on an emissions-mitigated basis, and leverages CRU’s proprietary nitrogen asset emissions data combined with weekly European carbon prices to calculate the value of emissions mitigated. CRU says that it has leveraged its Emissions Analysis Tool to develop the premiums on an emissions-mitigated basis as opposed to a cost basis, allowing end-users to assess how the switch to LEA can deliver value to their business while contributing to their decarbonisation strategies. The Emissions Analysis Tool is a comprehensive asset-byasset emissions dataset for the nitrogen industry.