Market Outlook
New supply-side capacity additions in 2023 will increase export availability from the Middle East. Projects have already been ramping up in Qatar, Saudi Arabia and Kuwait.
New supply-side capacity additions in 2023 will increase export availability from the Middle East. Projects have already been ramping up in Qatar, Saudi Arabia and Kuwait.
With energy prices skyrocketing, sulphuric acid plant operators face a heightened challenge to improve plant efficiency. Martin Alvarez from Topsoe discusses how the company’s new high-activity catalyst, VK38+, can help acid plants maximise energy efficiency to secure important economic benefits while simultaneously reducing their carbon footprint.
At the organisation’s first face to face meeting since covid, in Vienna in early October, OPEC+ ministers agreed to cut global oil supplies by 2 million bbl/d in November. OPEC+ is a group of 24 oil-producing nations, made up of the 14 members of the Organisation of Petroleum Exporting Countries (OPEC), and 10 other non-OPEC members, including Russia. In a statement, the group said the decision to cut production was made “in light of the uncertainty that surrounds the global economic and oil market outlooks.”
Meena Chauhan, Head of Sulphur and Sulphuric Acid Research, Argus Media, assesses price trends and the market outlook for sulphur.
Global demand for rare earth metals is increasing, particularly for electric vehicle batteries and renewable energy devices, potentially leading to increased use of sulphuric acid in their extraction.
The Broadfield process has remained a mainstay of the global phosphate industry since its introduction in the 1930s. Ian Hancock, vice president sales & operations, Bradley Pulverizer, explains it continuing success in superphosphate production worldwide
Saudi Arabia’s Ras Al-Khair Industrial City has signed an industrial land agreement with local firm Gulf Copper to develop a copper smelting and casting plant at an investment $319.30 million. The project would be developed on a plot spanning more than 250,000 square metres in the industrial city. No construction timelines were given. The Saudi government has previously signed agreements with Trafigura and Saudi-based Modern Mineral Holding to develop a 400,000 t/a copper smelter at Ras Al Khair which would also include 200,000 t/a of zinc and 55,000 t/a of lead smelter capacity at a projected cost of $2.8 billion.
While most sulphuric acid demand for phosphates is based on the production of phosphate fertilizer, non-fertilizer sources of demand such as animal feed and industrial processes additionally represent a relatively small but growing sector of the market.
Reduced appetite for sulphur from processed phosphates producers in China will continue to place downwards pressure on pricing in the near term. l Phosphates-based demand is likely to remain low in the second half of 2022 as issues surrounding affordability persist, slowing import requirements.
The US refining sector continues to face operating pressures with 1.3 million bbl/d of closures in the past three years, while sour gas sulphur production has recovered somewhat. Meanwhile, demand from copper and lithium leaching projects will increase use of sulphuric acid over the next few years.