Tag: Production

The nickel market has been through a period of unprecedented change over the past few years due to demand for batteries for electric vehicles, with Indonesia becoming a centre for production via high pressure acid leaching.

US domestic oil production has surged during 2023, reaching 13.3 million bbl/d in December, a record not just for the US but for any single country’s oil production. Adding in natural gas liquids and biofuels takes overall liquids production to 21.4 million bbl/d. Exports are also running at record levels, around 6 million bbl/d. This is a remarkable turnaround from 2008, when production was less then 5 million bbl/d and exports essentially zero. Furthermore, non-OPEC production is continuing to expand, with Brazil reaching 3.4 million bbl/d of oil production and 4.2 million bbl/d of liquids, and Canada producing 4.8 million bbl/d of crude and 5.7 million bbl/d of total liquids, keeping oil prices moderated in spite of OPEC+ production cuts. Global oil production is expected to reach a record level in 2024, with non-OPEC+ liquids growth projected to increase by 2.7 million bbl/d, far more than demand growth of 1.6 million bbl/d. n

“ The need for technical knowledge and insights has never been more important.”

OCI Global says that it has reached an agreement for the sale of 100% of its interest in its large-scale nitrogen fertilizer subsidiary the Iowa Fertilizer Company LLC, located in Wever, Iowa, to Koch Ag & Energy Solutions for $3.6 billion. Completion of the transaction remains subject to US anti-trust approval and other customary closing conditions. The transaction is expected to close in 2024. Morgan Stanley & Co. International plc is serving as financial advisor to OCI on the transaction. IFCO produced 1.2 million t/a of urea ammonium nitrate (UAN) in 2021 and 700,000 t/a of anhydrous ammonia, as well as 700,000 t/a of diesel exhaust fluid (DEF).

Maire Group subsidiary MyRechemical has been awarded a feasibility study for the integration of its proprietary waste-tosyngas technology in a large-scale conversion plant that would transform solid municipal waste into 120,000 t/a of sustainable aviation fuel (SAF). MyRechemical would provide the gasification unit to transform solid waste streams into synthesis gas, which would then be converted into low carbon ethanol and then to SAF.

As Europe struggles to move away from its previous dependence on imported Russian natural gas, prices have been high and volatile, with a corresponding catastrophic impact upon domestic ammonia production.

For 50 years, Kimre engineers and application specialists have been solving process and gas stream emission problems in chemical and fertilizer plants around the globe. In an exclusive interview, Kimre’s new president Mary Gaston sets out her plans for the company, building on its invaluable understanding of gas and vapour stream separation and mass heat transfer.

The ownership of Fertilizer International magazine transferred from BCInsight Ltd to CRU, the global commodities experts, at the start of the year.

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).

Fertilizer International presents a global round-up of phosphate rock, phosphoric acid and finished phosphates projects.