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Iran, India Leading Global Ammonia Capacity Growth

Iran, India Leading Global Ammonia Capacity Growth Iran, India Leading Global Ammonia Capacity Growth

Iran and India will continue to lead the global ammonia market capacity growth, which is poised to increase from 241.9 million tons per year (tpy) in 2017 to 286.4 million tpy in 2026, says data and analytics company GlobalData.
The company’s latest report, "Q3 2018 Global Ammonia Capacity and Capital Expenditure Outlook: Iran and India Continue to Drive Global Capacity Growth" reveals that around 94 planned and announced plants are scheduled to come on stream, predominantly in the Middle East and Asia, over the next nine years, World Fertilizer reported.
Within the Middle East, Iran plans to add a total capacity of around 8.4 million tpy by 2026 with the help of 21 planned and announced ammonia plants. Capital expenditure for these plants totals $2.07 billion over the next nine years. Major capacity additions will be from the National Petrochemical Company.
“Iran’s state-owned company, the National Petrochemical Company, is facilitating investments in petrochemical capacity additions to leverage on region’s advantageous low cost feedstock,” said Dayanand Kharade, petrochemicals research manager at GlobalData.
In Asia, India has 15 planned and announced ammonia plants, with a total capacity of roughly 7.9 million tpy by 2026. Capex for these plants is $8.06 billion. Major capacity additions will be from Rashtriya Chemicals and Fertilizers Ltd.
The US plans to spend $2.45 billion on nine planned and announced ammonia plants, with a capacity of approximately 3.1 million tpy during the outlook period. Major capacity additions will be from Cronus Corporation and Ohio Valley Resources.
In the former Soviet Union, most ammonia capacity additions are in Russia, with a capacity of around 3 million tpy by 2026. Capex for these plants totals $1.98 billion during the outlook period. 
MCC EuroChem is the top company accounting for the major capacity additions in Russia.
Peru leads in South America with planned and announced capacity additions of roughly 0.9 million tpy by 2026. Capex for these plants totals $0.76 billion. 
In Africa, Nigeria plans to spend $4.12 billion to add a capacity of around 5 million tpy, which is expected to come on stream by 2026.
In Europe, Slovakia and Hungary together plan to spend $0.13 billion on the addition of a capacity of 0.7 million tpy, which is expected to come on stream by 2026.
Dangote Group, Rashtriya Chemicals and Fertilizers Ltd and MCC EuroChem are the top three companies globally in terms of planned capacity additions over the outlook period.

 

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