Baku, Azerbaijan, Dec. 21
By Rashid Shirinov – Trend:
Global ammonia capacity is expected to experience considerable growth between 2017 and 2026, increasing from 230 million tons per annum (mtpa) in 2017 to more than 280 mtpa by 2026, Trend reports citing GlobalData.
The leading data and analytics company noted in its recent report that around 100 planned and announced plants are scheduled to come online, predominantly in Asia and the Middle East, over the next nine years.
"Within Asia, India plans to add a total capacity of approximately 8.6 mtpa by 2026 with the help of 18 planned and announced ammonia plants," reads the report.
GlobalData identifies the Middle East as the second highest in terms of ammonia capacity additions. Within the region, Iran has 21 planned and announced ammonia plants, with a total capacity of 8.4 mtpa by 2026.
In Africa, Nigeria plans to spend $7.21 billion and add capacity of roughly 6.6 mtpa, expected to come on stream by 2026.
"The US has nine planned and announced ammonia plants, with a capacity of around 3.1 mtpa over the next nine years, and plans to spend $3.23 billion," says the report.
In the Former Soviet Union, most ammonia capacity additions are in Russia, with a capacity of approximately 2.9 mtpa by 2026. Capex for these plants totals $1.95 billion by 2026.
In South America, the major ammonia capacity additions are in Peru, with planned and announced capacity additions of around 0.9 mtpa by 2026. Capex for these plants totals $0.76 billion.
"In Europe, Hungary plans to spend $24 million and add capacity of 0.1 mtpa, expected to come on stream by 2026," reads the report.
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