Tag: Urea

Market Insight courtesy of Argus Media

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.

Supply in southeast Asia looks tight for the coming weeks, but further declines in Chinese domestic prices could alter the supply/demand balance in the region in August.

An overview of the very latest in fertilizer handling and blending, including new contracts, company news and advances in technology.

Market Insight courtesy of Argus Media. Urea: There was a general price upswing for both urea and ammonium nitrate in mid-June, while ammonium sulphate and urea ammonium nitrate (UAN) prices remained weak. Urea prices were pushed up in most regions as traders sought to secure cargoes across the globe – resulting in granular urea deals from the Baltic ($260-280/t f.o.b.), Egypt ($312-335/t f.o.b.), Middle East ($253-280/t f.o.b.) and China ($308-310/t f.o.b.).

Technological innovation is vital to solving the global food challenge and delivering the transition to a low-carbon economy. Pejman Djavdan, Stamicarbon’s CEO, sets out his vision for a future-proof fertilizer industry – one that will enable the sustainable intensification of agriculture while also protecting the environment.

A review of recent additions to fertilizer product portfolios and new process technologies, as innovation within the industry accelerates to decarbonise production and improve nutrient use efficiency (NUE).

Market Insight courtesy of Argus Media

Further downward corrections are possible but the rate of demand is stabilising, suggesting the market floor is in sight, though some have suggested that May could bring another sharp reduction in the Tampa contract price towards the mid$300s c.fr. Demand remains sluggish in both eastern and western hemispheres.

In 1967 Stamicarbon revolutionised the urea process by the invention of the high-pressure CO2  stripper by Petrus J. C. Kaasenbrood. The high-pressure CO2  stripper led to following benefits: