Opinion

Iran and India Continue to Lead Global Ammonia Capacity Growth Over Next Nine Years, Says GlobalData

Posted by OilVoice Press - OilVoice

17-Oct-2018


Iran and India will continue to lead the global ammonia market capacity growth, which is poised to increase from 241.9 million tons per annum (mtpa) in 2017 to 286.4 mtpa in 2026, says leading 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 online, predominantly in the Middle East and Asia, over the next nine years.

Within the Middle East, Iran plans to add a total capacity of around 8.4 mtpa by 2026 with the help of 21 planned and announced ammonia plants. Capital expenditure (capex) for these plants totals US$2.07bn over the next nine years. Major capacity additions will be from The National Petrochemical Company.

Dayanand Kharade, Petrochemicals Research Manager at GlobalData, says: “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.”

In Asia, India has 15 planned and announced ammonia plants, with a total capacity of roughly 7.9 mtpa by 2026. Capex for these plants is US$8.06bn. Major capacity additions will be from Rashtriya Chemicals and Fertilizers Ltd.

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IMAGE FOR PUBLICATION – Please click this link for the chart: ‘Global planned and announced capacity additions by top 10 countries (mtpa), 2026'

The US plans to spend US$2.45bn on nine planned and announced ammonia plants, with a capacity of approximately 3.1 mtpa during the outlook period. Major capacity additions will be from Cronus Corporation and Ohio Valley Resources.

In the Former Soviet Union (FSU), most ammonia capacity additions are in Russia, with capacity of around 3 mtpa by 2026. Capex for these plants totals US$1.98bn 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 mtpa by 2026. Capex for these plants totals US$0.76bn. In Africa, Nigeria plans to spend US$4.12bn to add a capacity of around 5 mtpa, which is expected to come on-stream by 2026.

In Europe, Slovakia and Hungary together plan to spend US$0.13bn on the addition of a capacity of 0.7 mtpa, 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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