Fertilizers
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.
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Vietnam's Vinachem plans MOP project in Laos
Vietnam's Vinachem plans MOP project in Laos
Singapore, 12 October (Argus) — Vietnamese state-owned chemical and fertilizer producer Vinachem and Vietnam Energy and Mining Investment Joint Stock Company will jointly construct a 500,000 t/yr MOP project in Laos, the producer said today. The project will involve a total investment of around $500mn. The companies aim to obtain approvals for the feasibility study and environmental assessment report this month, build the plant and start commercial production in 2028, they said. Vietnam's MOP imports reached 1.4mn t in 2025 from 1.2mn t in 2024, Global Trade Tracker (GTT) data show. Laos accounted for roughly a quarter of total imports in both years. Vinachem's subsidiaries consume around 190,000 t/yr of MOP, the producer said. The project will allow Vinachem to become partially self-sufficient in potash for its fertilizer production, it added. By Huijun Yao Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Increase in Iran ship attacks follows rise in targets
Increase in Iran ship attacks follows rise in targets
New York, 8 October (Argus) — Iran's recent increase in vessel attacks in the strait of Hormuz is likely the result of an increase in the number of targets in the region, but it is unclear whether this resurgence of attacks will hamper rising oil flows through the strait. Iran has increased the pace of its attacks against commercial shipping in the last week, with increasingly deadly results. Two attacks occurred around the strait of Hormuz on Wednesday, including the first attack inside the Mideast Gulf in a month, which resulted in multiple casualties . The number of casualties in the incident has not yet been confirmed. "Iran has seemingly more targets to shoot at now, which could mean that the same probability of impact is resulting in higher raw numbers of successful attacks," Joshua Tallis, research program director at the Center for Naval Analyses, told Argus . It is difficult to assess if Iran has improved its ability to target ships without the coastal radar capabilities the US claims it destroyed as part of its increased strikes in July, Tallis said. But it is reasonable to assume the country has adapted. "Higher traffic creates more opportunities for exposure, while shuttle operations send the same ships repeatedly through the risk area," Claire Jungman, director of maritime risk and intelligence at vessel tracking firm Vortexa, told Argus . Through 24 September, Vortexa identified 148 tankers involved in shuttle operations, with 85 tankers active during September, up from 11 in April, with 42 of those tankers completing four or more runs through the strait of Hormuz. "That repeat participation is important: this has become a regular operating model for a core group of ships," Jungman said. It is unclear if the recent increase in attacks against tankers will stymie the recovery of crude exports that are making their way — albeit very expensively and inefficiently — through the strait of Hormuz. "It's still a bit too early to say whether the most recent salvos would have an impact, but in the past we've seen attacks did not deter the main actors in the shuttle trade," Tomer Raanan, senior maritime intelligence analyst at Lloyds List Intelligence told Argus . By Charlotte Bawol Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Nepal’s STCL issues tender to buy DAP
Nepal’s STCL issues tender to buy DAP
London, 8 October (Argus) — Nepalese fertilizer importer Salt Trading (STCL) has issued a tender to buy 20,000t of DAP, closing on 28 October. The shipping tolerance for the volume is 2pc. STCL says that it will open the technical offers on 28 October. Financial offers are to be submitted by 6 November, when they will be opened. Financial offers are to be valid for 21 days from opening. Offered prices are to be given in US dollars on a cip basis for delivery to STCL warehouses in Biratnagar, Birgunj and Bhairahawa. India's RCF received a lowest offer at $994/t cip in its tender to buy 25,000t of DAP in 50kg bags for delivery to Nepal's KSCL, which closed on 17 September. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Amogy, GS E&C venture secures NH3 for S Korean power
Amogy, GS E&C venture secures NH3 for S Korean power
London, 8 October (Argus) — US technology firm Amogy and South Korea's GS Engineering and Construction (GS E&C) have agreed to buy 1,500t of renewable ammonia from Lotte Fine Chemical (LFC) for a planned 1MW power plant in Pohang, South Korea. The firms signed the deal through their Amun Energy joint venture, following an initial agreement last month. LFC will supply the ammonia over one year from 2027. The plant will sell power directly to businesses in the surrounding industrial complex. The 1,500t contain about 7,750MWh of energy on a lower heating value basis. At an electrical efficiency of 30-45pc, covering ammonia cracking combined with hydrogen engines or fuel cells, it could generate 2,300-3,500MWh, based on Argus calculations. This equates to a capacity factor of 27-40pc for a 1MW unit. Operating at full load throughout the year would require about 3,800-5,700t of ammonia. The firms have pitched the technology as a source of "round-the-clock power" for industrial sites and data centres, but the contracted volume suggests a gradual ramp-up. The partners plan to expand capacity to 10MW in 2028, with a longer-term target of up to 40MW. Scaling up the first year's contracted supply would imply ammonia demand of 15,000 t/yr and 60,000 t/yr, respectively. At full load, the 10MW plant would require about 38,000-57,000 t/yr, while the 40MW plant would need around 151,000-226,000 t/yr (see table) . A 40MW plant would generate 93-140 GWh/yr at the 1MW unit's implied utilisation, or about 350 GWh/yr at full load. Seoul plans to procure 500 GWh/yr for 2029-44 in its next clean hydrogen power tender. Dedicated ammonia-to-power plants remain eligible after the government ended support for coal-ammonia co-firing in August. LFC received the first export cargo from Envision Energy's renewable ammonia plant in Chifeng, China, earlier this year and is expanding ammonia storage at Ulsan. By Chingis Idrissov Potential ammonia demand and power output for Amun Energy's plants Capacity (MW) Ammonia demand based on first year (t/yr) Ammonia demand at full load (t/yr) Power at first year load (GWh/yr) Power at full load (GWh/yr) 1 1,500 3,800-5,700 2.3-3.5 9 10 15,000 38,000-57,000 23-35 88 40 60,000 151,000-226,000 93-140 350 Calculations assume 18.6 GJ/t ammonia lower heating value, 30-45pc electrical efficiency Argus calculations Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Spotlight content
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Global Ammonia Market Dynamics & Impact of US‑Iran Conflict, CBAM
Global Ammonia Market Dynamics & Impact of US‑Iran Conflict, CBAM
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Global Sulphur & Sulphuric Acid Market Dynamics & Impact of US-Iran Conflict
Global DAP Market Dynamics & Outlook: Opportunities for Pakistan?
Global DAP Market Dynamics & Outlook: Opportunities for Pakistan?
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