By 2026, Asia will lead in increasing ammonia production capacity

Global ammonia production capacity may see significant growth over the next five years, potentially increasing from 236.40 Mt per year in 2021 to 276.14 Mt per year in 2026, recording an overall increase of 17%.

The latest GlobalData report “Global Perspective of the Ammonia Industry to 2026 – Power and Capital Expenditure Estimates with Detailed Information on All Existing and Planned Plants” states that about 22 planned and announced plants are planned to be networked mainly in Asia and then at Middle East.

In Asia, India has 12 planned and announced ammonia production capacities with a total capacity of about 6.97 million tons per year until 2026. The country is expected to spend capital expenditures (CAPEX) of $ 2.75 billion. Most of the additional capacity is from the Reliance Industries Jamnagar Ammonia Plant with a capacity of 1.50 Mt per year. Ammonia production is expected to begin in 2025.

There are 18 planned and announced projects in the Middle East. The main additional capacity will be from Maaden Waad Al-Shamal Phosphate Company Ras Al Khair Ammonia Plant 2. The capital costs for the plant are $ 0.21 billion by 2026.

Nakhodka Fertilizer Plant, Reliance Industries Ltd and Perdaman Industries Pty Ltd will be among the top three companies in the world in terms of planned and announced capacity increases in the coming years.
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