GlobalData’s latest report, ‘Quarterly Global Ammonia Capacity and Capital Expenditure Review – Asia and the Middle East to Lead Globally in Terms of Ammonia Capacity Additions’ states that the global ammonia capacity is poised to see considerable growth over the next nine years, potentially increasing from 243 million tonnes per annum (mtpa) in 2017 to 284mtpa in 2026. Around 89 planned and announced projects are slated to come online in the next nine years, primarily in Asia and the Middle East.

In the Middle East, Iran has 23 planned and announced ammonia projects, expected to start operations with total capacity of about 9.1mtpa by 2023. Capex for these projects totals about $1.82bn. Major capacity additions will be from The National Petrochemical Company.

In Asia, India has 15 planned and announced ammonia projects. The country is expected to add a total capacity of 7.1mtpa by 2022. A total of $5.81bn is also expected to be spent on upcoming projects. Major capacity additions will be from Fertilizer Corporation of India.

The US has nine planned and announced ammonia projects, with a total capacity of 3.7mtpa and is expected to spend $2.97bn on upcoming projects. Major capacity additions will be from Cronus Corporation and Ohio Valley Resources.

Global planned and announced ammonia capacity additions by region (mtpa)

Source: Petrochemical Analytics                                                                        © GlobalData

In the Former Soviet Union, the highest ammonia capacity additions are in Russia, which will have a capacity of 2.3mtpa by 2020. Capex to be spent on planned and announced projects total to $1.21bn. Eurochem Mineral and Chemical are the top company accounting for the major capacity additions in Russia.

In South America, major ammonia capacity additions are in Peru, with planned and announced capacity additions of about 0.9mtpa by 2019. Capex for these projects totals $0.15bn. In Africa, Nigeria plans to spend $1.75bn and add capacity of about 4.2mtpa, which is expected to come onstream by 2021.

In Europe, Slovakia and Hungary together plan to spend $0.10bn and add capacity of 0.7mtpa, which is expected to come onstream by 2018.

 

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