Fertilizer Industry News Roundup
Brazil’s state-controlled oil company Petrobras plans to resume construction of its UFN-III nitrogen fertilizer unit in Tres Lagoas, Mato Grosso do Sul state.
Brazil’s state-controlled oil company Petrobras plans to resume construction of its UFN-III nitrogen fertilizer unit in Tres Lagoas, Mato Grosso do Sul state.
As a tumultuous 2024 draws to a close, CRU’s fertilizer team to make a few predictions for the year ahead.
Market snapshot, 2nd January 2025
In October, ammonia benchmarks were more or less stable across the board. West of Suez, supply from Algeria was constrained by an ongoing turnaround at one of domestic player Sorfert’s production units. Still, demand from NW Europe remained quiet, although CF was set to receive a 15,000 tonne spot cargo from Hexagon some time in November, reportedly sourced somewhere in the region of $530/t f.o.b. Turkey. While regional supply appeared tight, steadily improving output from Trinidad and the US Gulf could alleviate recent pressures, with many players of the opinion that Yara and Mosaic could agree a $560/t c.fr rollover for November at Tampa as a result.
In Part 3 of this series on stripper efficiency issues, we continue the discussion on some some of the many causes of lower stripper efficiency. Here we discuss liquid divider fouling and bad installation of liquid dividers.
Ammonia prices could remain stable for the duration of October, with any further increases likely to be capped by a lack of demand. The outlook for November is more positive for buyers, with prices set to ease off once turnarounds at key export hubs are concluded.
Urea revamp activities are performed to achieve improvements of the urea plant. Besides the typical capacity increase there are many options to reduce operation costs, increase plant availability or reduce environmental impact. In this article Marc Wieschalla of thyssenkrupp Uhde GmbH provides an overview of some of the options from an EPC contractor point of view.
Revamping aging urea plants with the latest urea technology brings many benefits. Not only can greenhouse gas emissions be reduced, but the overall performance and sustainability of these facilities can also be optimised. Hiroo Kunii of Toyo Engineering Corporation discusses TOYO’s approach to urea plant revamping.
Market snapshot, 17th October 2024 Urea : Prices firmed in a thin market in mid-October. Middle East values shot up $20/t on expectations that Indian Potash Limited (IPL) would announce another tender to secure tonnes for India in December. If correct, this will follow hot on the heels of the latest Rashtriya Chemicals and Fertilizers (RCF) purchase tender for 0.56 million tonnes of urea. Sohar International Urea & Chemical Industries (SIUCI) sold a November cargo at $390/t f.o.b. with further trader interest reported at $385/t f.o.b. This demand was probably generated by traders positioning themselves for IPL’s expected tender, given that other markets generally remained quiet.
QatarEnergy has announced the construction of a new world-scale ammonia-urea production complex at Mesaieed Industrial City in Qatar.