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, according to leading data and analytics company GlobalData.

 

The company’s latest report 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.

 

Iran leads Middle East in new plant capacity

 

Within the Middle East, Iran plans to add a total capacity of around 8.4mtpa 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 – Iran’s state-owned company – which is facilitating investments in petrochemical capacity additions to leverage on the region’s advantageous low cost feedstock, according to Dayanand Kharade, Petrochemicals Research Manager at GlobalData.

 

India’s infrastructural investments

 

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

 

Planned capacity additions elsewhere

 

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

 

In the Former Soviet Union (FSU), most ammonia capacity additions are in Russia, with capacity of around 3mtpa by 2026. Capex for those 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 0.9mtpa by 2026. Capex for these plants totals US$760m. In Africa, Nigeria plans to spend US$4.12bn to add a capacity of around 5mtpa, which is expected to come on-stream by 2026.

 

In Europe, Slovakia and Hungary together plan to spend US$130m on the addition of a capacity of 0.7 mtpa, which is expected to come on-stream by 2026.

 

Dangote Group, Rashtriya Chemicals & Fertilizers Ltd, and MCC EuroChem are the top three companies globally in terms of planned capacity additions over the outlook period.

 

To access the new report, visit: https://www.globaldata.com/store/report/gdch0049mar--q3-2018-global-ammonia-capacity-and-capital-expenditure-outlook-iran-and-india-continue-to-drive-global-capacity-growth/