Overview

The fertilizer industry has seen dramatic changes in market dynamics, with challenges posed by policy and regulatory changes, political instability, conflicts and new macroeconomic realities. The drive towards energy transition and ambitious zero-carbon goals has also opened up the industry to new entrants and new opportunities.

It is more vital than ever for market participants to have the full picture – to capitalise on the opportunities and manage the risk of the challenges.

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Latest fertilizer news

Browse the latest market moving news on the global fertilizer industry.

Latest fertilizer news
03/15/24

Lack of snow reduces Mississippi flood risk: NWS

Lack of snow reduces Mississippi flood risk: NWS

Houston, 15 March (Argus) — The Mississippi River faces below normal flood risk this spring because of historically low snowpack, meaning barges carrying fertilizer and other commodities may experience fewer delays from high water. The lack of snowpack in the Mississippi River basin resulted from persistent drought since last September and unseasonably warm temperatures across the Northern Plains, which prevented a base layer of heavy snow from forming, the National Weather Service (NWS) said in its final spring flood outlook on 14 March. Meteorologist Brennan Dettmann told Argus there is no snowpack in Minnesota, with only a light covering along the northern border, making for one of five driest years since the NWS began recording snowpack in 1872. There is no snow at the Minneapolis-St Paul International Airport this week compared to 10 inches of snow on the ground a year ago. This year, the most amount of snow on the ground at the airport was 7 inches on 14 February, according to NWS. Risk of flooding for the upper Mississippi River and tributaries will be entirely dependent on rainfall, with much of the basin already in a precipitation deficit because of the drought. Barges have been navigating through the upper Mississippi and will soon reach the Twin Cities after locks open tonight at midnight . This time last year, tows were just breaking the ice on Lake Pepin , signaling safe passage to begin through the upper Mississippi River. By Meghan Yoyotte Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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Latest fertilizer news

Ammonia-fuelled vessel trialled in Singapore


03/15/24
Latest fertilizer news
03/15/24

Ammonia-fuelled vessel trialled in Singapore

Singapore, 15 March (Argus) — Ammonia as a marine fuel has been trialled in Singapore on a dedicated vessel, in another step towards the port's multi-fuel bunkering capability. The trial, carried out in phases over a period of seven weeks, used ammonia in combination with diesel in the combustion process. The Maritime and Port of Authority of Singapore (MPA), along with government agencies, research partners and industry partners were involved in the trial process, said the MPA and Australian green energy, metals and technology firm Fortescue. Completion of the trial saw the Fortescue Green Pioneer receive flag approval from the Singapore Registry of Ships, along with a notation by classification society DNV to use ammonia, in combination with diesel, as a marine fuel. The trial had two of the four-stroke engines on the Fortescue Green Pioneer loaded with 5m³ (3t) of liquid ammonia supplied by Dutch storage firm Vopak from its 10,000m³ Banyan terminal on Jurong island. The Fortescue Green Pioneer was converted to run on ammonia, in combination with marine gasoil, following its first land-based testing in Australia in 2022. Ammonia has been promoted as a viable low-carbon alternative fuel for the marine shipping industry that is striving to cut its greenhouse gas (GHG) emissions. But the use of ammonia as a fuel has often focused on its safety risks because of its toxicity, while burning ammonia releases another GHG nitrous oxide. The Singapore trial was done in phases to ensure safe port operations and the safety of the ship's crew, as well as engineers, the MPA and Fortescue said. The crew and engineers have been having safety training since October 2023. "The Fortescue Green Pioneer is proof that safe, technical solutions for ammonia power engines exist," said Fortescue chairman Andrew Forrest. Alternative marine fuel demand in Singapore is likely to grow because of higher consumption of biofuels, as well as the rise of bio-methanol for bunkering. Singapore is also exploring using ammonia as a fuel for power generation. By Mahua Chakravarty Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Latest fertilizer news

Amogy to test clean ammonia-run boat in US by mid-2024


03/15/24
Latest fertilizer news
03/15/24

Amogy to test clean ammonia-run boat in US by mid-2024

Singapore, 15 March (Argus) — US-based fuel cell development Amogy is aiming to test a clean ammonia-powered tugboat on an inland waterway in upstate New York by mid-2024, delayed slightly from its initial schedule. Amogy previously announced plans to test the "zero-emission" vessel in late 2023. But the project was delayed because of supply chain disruptions, Amogy told Argus on 15 March. The developer will be retrofitting a diesel generator and electric motor tugboat from 1957 with its clean power generation technology. The vessel has been designed to accommodate a 1MW ammonia-to-power system, but further testing will determine the exact power output. Norwegian fertilizer producer Yara will supply green ammonia feedstock for the demonstration. Amogy's ammonia-to-power technology involves feeding liquefied ammonia through a modular cracking unit that converts the ammonia into hydrogen, which is then used in a fuel cell to generate electricity. The modular technology is scalable and can be ramped up according to vessel size or customised to fit specific power requirements. Safety measures, including sensors that are approved by various classification systems, will be included, along with training on proper usage. Amogy eventually aims fully implement its maritime technology on small to medium-sized vessels. It is also exploring the possibility of using its ammonia-to-electricity system as a cleaner alternative to existing auxiliary engines in large vessels. This would help power a ship's systems and equipment with cleaner energy, alongside its main engine. By Dinise Chng Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Latest fertilizer news

MAN to produce SCR converter for ammonia engines


03/14/24
Latest fertilizer news
03/14/24

MAN to produce SCR converter for ammonia engines

London, 14 March (Argus) — German manufacturer MAN Energy Solutions has announced it will begin series production of an ammonia-ready selective catalytic reduction (SCR) catalytic converter shortly. SCR technology is typically equipped for the purpose of minimising nitrogen oxide (NOX) tailpipe emissions. MAN said this system will be able to reduce NOX emissions by 90pc on cruise ships and cargo vessels, helping to meet International Maritime Organisation (IMO) regulations on NOX in emission control areas (ECA). MAN said the SCR will also aid in improving fuel consumption efficiency. The SCR system has passed final inspection by MAN Energy solutions and Japanese engineering and shipbuilding firm Mitsui E&S, the latter of which will be taking deliveries of the product. By Hussein Al-Khalisy Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Latest fertilizer news

Fresh large-scale NPK sales made to India


03/14/24
Latest fertilizer news
03/14/24

Fresh large-scale NPK sales made to India

London, 14 March (Argus) — Sales totalling 100,000t of key NPK grades have been made to India, including 10-26-26 at a steady price of around $420/t cfr duty unpaid. The Russian-produced material will be delivered to two receivers. One buyer is to receive 30,000t of 10-26-26 and 30,000t of 12-32-16, while another will take 20,000t each of the two grades. The 10-26-26 sales at around $420/t cfr duty unpaid were unchanged on previous levels . The current premium over 10-26-26 for 12-32-16 puts the fresh sales of the latter grade at around $440/t cfr duty unpaid. The rise in market activity has been helped by the Indian government's announcement of nutrient-based subsidies for the upcoming kharif season. The subsidies for all complex fertilizers were raised, relative to the rabi season. This included increases of over 19pc for 10-26-26 and almost 20pc for 12-32-16. By David Maher Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.