Global ammonia capacity is predicted to see considerable growth over the next five years, potentially increasing from 233.85 million tonnes per annum (mtpa) in 2018 to 280.36 mtpa in 2023, registering a total growth of 20%, says GlobalData, a leading data and analytics company.
The company’s report: ‘Global Ammonia Industry Outlook to 2023 – Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants’ reveals that around 99 planned and announced plants are scheduled to come online, predominantly in Asia and the Middle East, over the next five years.
Ammonia capacity in Asia is expected to increase from 109.65 mtpa in 2018 to 123.22 mtpa in 2023, at an average annual growth rate (AAGR) of 2.3%. Among the countries in the region, China’s capacity will reach 74.99 mtpa by 2023. Major capacity addition will be from the plant, Shandong Lianmeng Chemical Group Shouguang Ammonia Plant, with a capacity of 1.65 mtpa by 2023.
The report also states that the three highest planned and announced global ammonia capacity addition plants in the forecast period are Nakhodka Fertilizer Plant Nakhodka Ammonia Plant in Russia, Maaden Waad Al-Shamal Phosphate Company Ras Al Khair Ammonia Plant 2 in Saudi Arabia, and FALAT RCF GSFC JV Chabahar Ammonia Plant in Iran with capacities of 1.80 mtpa, 1.10 mtpa and 1.05 mtpa, respectively.