Business
INDIA is set to drive the global ammonia industry growth from planned and announced plants between 2019 and 2030, contributing around 20% of the total ammonia capacity additions, according to GlobalData, a leading data and analytics company.
The company’s report, ‘Global Ammonia Capacity and Capital Expenditure Outlook, 2019 – Asia and the Middle East to Lead Globally in Terms of Ammonia Capacity Additions’ reveals that around 103 planned and announced plants are scheduled to come online, pre-dominantly in Asia and the Middle East over the next 11 years.
India is set to have large capacity additions of 9.27 million tonnes per annum (mtpa) by 2030. Among these, 6.58 mtpa is expected to come from planned plants, while 2.69 mtpa is likely to come from the announced plants. The country is set to bring 14 planned and four announced plants during the outlook period.
Dayanand Kharade, Oil and Gas Analyst at GlobalData, comments: “India is set to have large ammonia capacity additions, aiming at the country’s increasing fertilizer demand and reducing its dependence on imports.”
GlobalData identifies Iran as the second highest country in terms of capacity additions. The country is set to add 7.67 mtpa of planned and announced ammonia capacity from newly built and expanded plants by 2030. Among these, 6.25 mtpa is about to come from planned plants and 1.43 mtpa from announced plants.
Among the companies, Dangote Industries Ltd, Oteko and Nagarjuna Fertilizers and Chemicals Ltd are expected to lead globally with highest ammonia capacity additions of 2.90 mtpa, 2.50 mtpa and 2.05 mtpa, respectively in 2030.
_AUG 27, 2019 @14:20 GMT |
Tags: Restoration Group Sweeps PDP Bayelsa Delegates Election
