21 Feb 2020
Posted in Oil & Gas
India to spearhead global ammonia capacity additions by 2024, says GlobalData
India is set to lead the capacity additions in the global ammonia industry from planned and announced projects between 2020 and 2024, contributing around 18% of the global growth by 2024, says GlobalData, a leading data and analytics company.
The company’s report, ‘Global Ammonia Industry Outlook to 2024 – Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants’, reveals that India is expected to have new-build and expansion ammonia capacity of 8.54 million tonnes per annum (mtpa) from 14 planned and announced projects. Planned projects account for most of the new-build capacity additions in the country.
Sowmya Sivaji, Oil and Gas Analyst at GlobalData, says: “‘Indian Farmers Fertiliser Cooperative Kalol Ammonia Plant 2’, ‘Gujarat State Fertilizers & Chemicals Dahej Ammonia Plant’, ‘Hindustan Urvarak and Rasayan Barauni Ammonia Plant’ and ‘Hindustan Urvarak and Rasayan Gorakhpur Ammonia Plant’ are the few major new-build projects in India, together accounting for around 35% of the country’s capacity.”
GlobalData identified Iran as the second highest country in terms of capacity additions in the global ammonia industry. The country will add a new-build and expansion capacity of 8.00 mtpa from 19 planned and announced projects. The major capacity additions will be from an announced project, ‘FALAT RCF GSFC JV Chabahar Ammonia Plant’, with a capacity of 1.05 mtpa. It is expected to start operations in 2021.
Nigeria stands third, with new-build and expansion ammonia capacity of 7.39 mtpa by 2024. The major capacity additions will be from two announced projects, ‘Nagarjuna Fertlizers & Chemicals Nigeria Koko Ammonia Plant 1’, and ‘Nagarjuna Fertlizers & Chemicals Nigeria Koko Ammonia Plant 2’, each with the capacity of 0.83 mtpa.