Asia to lead global ammonia capacity additions

In Asia, India is expected to spend $4.89bn to add a total capacity of about 7.70mtpa by 2030.

GlobalData’s latest report, ‘Global Ammonia Capacity and Capital Expenditure Outlook, 2022-2030 – Former Soviet Union Lead Global Ammonia Capacity Additions’, states that the global capacity is poised to see considerable growth over the upcoming years, potentially increasing from 238.41 million tonnes per annum (mtpa) in 2021 to 288.61mtpa in 2030. Around 102 planned and announced plants are slated to come online, primarily in the FSU and Asia.

In Asia, the majority of the capacity additions are in India, with a total capacity of about 7.70mtpa by 2030. The country is expected to spend a capital expenditure (capex) of $4.89bn. Reliance Industries Ltd is the top company accounting for the major capacity additions in India.

In the Middle East, Iran leads with planned and announced capacity additions of about 4.96mtpa by 2030. The country is expected to spend a total of $2.99bn by 2030. The National Petrochemical Co is the top company accounting for the major capacity additions in Iran.

In Africa, the majority of capacity additions are in Nigeria, with planned and announced capacity additions of about 3.73mtpa by 2030. Capex for these plants totals $4.41bn by 2030. Major capacity additions will be from Nagarjuna Fertilizers and Chemicals Ltd.

In North America, the majority of ammonia capacity additions are in the US, with planned and announced capacity additions of about 4.96mtpa by 2030. Capex for these plants totals $5.93bn in the upcoming years.

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In Europe, Norway plans to spend $1.43bn to add capacity of about 0.99mtpa, expected onstream by 2030.

Novatek, Nakhodka Fertilizer Plant and Reliance Industries Ltd are the top three companies by planned and announced capacity additions globally over the upcoming years.