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Latest fertilizer news

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

Latest fertilizer news
11/04/24

Japanese firms target ammonia-fuelled bulk carrier

Japanese firms target ammonia-fuelled bulk carrier

Tokyo, 11 April (Argus) — A group of Japanese companies plan to work with Germany-based engine manufacturer MAN Energy Solutions in developing an ammonia-fuelled bulk carrier. Shipping firms Kwasaki Kisen Kaisha (Kline) and NS United Kaiun, trading house Itochu and vessel engineering firms Nihon Shipyard and Mitsui E&S signed an initial agreement on 10 April to develop a pilot 200,000dwt-class bulk carrier equipped with an ammonia-fuelled engine. The vessel will be used to collect data for building future commercial ships. Kline said it is unsure when the pilot vessel will be commissioned and when it will begin operating the ammonia-fuelled bulk carriers. The companies are also currently unsure how much ammonia will be needed for voyages. MAN Energy Solutions and Mitsui E&S will develop the ammonia-fuelled engine, Nihon Shipyard will build the vessel, while Itochu, Kline and NS United Kaiun will manage the ship to collect operating data. Itochu will also be in charge of sharing ammonia supply chain-related information. Japanese shipping firm NYK Line, engine developers IHI Power Systems and Japan Engine, Nihon Shipyard and Japanese classification society Class NK are also attempting to build an ammonia-fuelled ammonia carrier , targeting a commissioning in 2026. By Nanami Oki 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

Argentina to remove import duties on urea, UAN: Caputo


10/04/24
Latest fertilizer news
10/04/24

Argentina to remove import duties on urea, UAN: Caputo

Amsterdam, 10 April (Argus) — Argentina's economic minister Luis Caputo is proposing to eliminate import tariffs of 5.4pc and 3.6pc on nitrogen-based fertilizers urea and UAN. Caputo reported the planned move on X, formally known as Twitter, without specifying a timeline. Argentina is the third-largest urea import market in Latin America, after Brazil and Mexico, receiving 825,000t last year, and as much as 1.55mn t in 2021, trade data show. Egyptian product accounted for 44pc of imports, or 364,000t, in 2023. Argentina has a commercial agreement with Egypt which exempts the import duty. Meanwhile, Nigerian producers supplied almost a fifth at 156,000t, while imports of Algerian urea were 125,000t last year. The country has one major urea producer, Profertil, which is jointly owned by north America's Nutrien and Argentinian state-owned energy company YPF, and has an annual granular urea capacity of 1.32mn t. UAN receipts were around 350,000 last year, down from just over 680,000t in 2020. Imports are typically sourced from the US, Trinidad and Tobago and Russia. By Harry Minihan Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Latest fertilizer news

Japanese firms to start ammonia bunkering in May


10/04/24
Latest fertilizer news
10/04/24

Japanese firms to start ammonia bunkering in May

Osaka, 10 April (Argus) — A Japanese cross-industry group has moved forward with an ammonia bunkering project for a tugboat, with the first fuelling scheduled at Yokohama port in late May. The group, which includes power producer Jera, shipping firm NYK Line and its subsidiary Shin-Nippon Kaiyosha, ammonia producer Resonac and engineering firm Tokyo Power Technology, has jointly studied the possible setting up of ammonia bunkering for a tugboat since December 2023. Jera is to buy an unspecified type of ammonia from Resonac through Tokyo Power Technology and supply it to NYK and Shin-Nippon Kaiyosha. Jera said on 10 April it will supply the marine ammonia to NYK in late May to fuel the NYK-owned tugboat A-Tug , which will be in service at Yokohama port. The ammonia will be transported by a tanker truck and supplied by truck-to-ship operations. A-Tug is scheduled to be officially commissioned in June. Jera after starting normal operations plans to supply the marine ammonia to Shin-Nippon Kaiyosha, which will be in charge of operating the tugboat. The planned ammonia consumption of the tugboat was undisclosed, although the bunkering is scheduled to be done twice a month. Jera has geared up efforts to utilise fuel ammonia for power generation to substitute it for coal. Demonstration of co-firing ammonia and coal at its 1GW Hekinan No.4 coal-fired genereation unit achieved a 20pc mixture on 10 April after the test burning began on 1 April, it said. By Motoko Hasegawa Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Latest fertilizer news

New deadline in Kenya 26-5-5 tender set for 17 April


10/04/24
Latest fertilizer news
10/04/24

New deadline in Kenya 26-5-5 tender set for 17 April

London, 10 April (Argus) — The Kenya Tea Development Agency (KTDA) has asked participants in its tender to buy 96,988t of bagged compound 26-5-5 to submit lower offers by 17 April. The initial deadline for the submission of financial offers — for those that passed the pre-qualification stage of the process — was 26 March. The lowest offer was $400/t cfrlo bagged for 86,988t of Russian and/or Kenyan 26-5-5. But Argus understands that this submission was disqualified, probably because it did not have a producer's backing. The second-lowest offer was for 96,988t of Russian product at $428.85/t cfrlo bagged. The highest offer was of domestic product at $508/t cfrlo bagged, but for just 10,000t. Eight other offers were made, seven of which were for the full volume. Most of the product offered was of Russian origin. But one submission was for 45,000t, plus or minus 5pc, of Romanian product. At $490.46/t cfrlo bagged, that offer was uncompetitive. All of the offers — aside from the submission of 10,000t — were for delivery in two shipments. By David Maher Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Latest fertilizer news

Brazil potash project in Amazonas receives license


09/04/24
Latest fertilizer news
09/04/24

Brazil potash project in Amazonas receives license

Sao Paulo, 9 April (Argus) — Amazonas state's environmental agency Ipaam issued an environmental license to install Potassio do Brasil's Autazes project. Valid for three years, the license authorizes the construction of the complex, including an 800-meter deep mine. Ipaam granted a preliminary license to Potassio do Brasil in 2015, which is a subsidiary of Canadian firm Brazil Potash. But a state court suspended the license in September 2023, ruling that it should have been granted by the federal environment watchdog Ibama instead, following allegations submitted by a public civil suit. Amazonas state's federal regional court overruled the suspension in October 2023 under the argument that the mine is not in an indigenous territory. The installation license comes with 26 restrictions/conditions, including the protection of the fauna, maintaining preserved areas, a report of activities every six months and suspension of activities any type of archeological, historical, or artistic vestiges are verified. The company projects to invest around $2.5bn in the project, with the construction phase set to last around four and a half years. Potassio do Brasil also plans to build a port in Autazes city to ship the mineral. The Autazes project is scheduled to initially produce 2.2mn metric tonnes (t)/yr of potash. That is Brazil's main potash project and is considered the most promising to reduce the country's dependency on imports under the national fertilizer plan. The project is expected to provide around 20pc of Brazil's potash requirements. The national fertilizer plan aims to reduce the share of fertilizer coming from imports to around 40pc by 2050, down from nearly 85pc. Brazil currently imports more than 95pc of its potash needs. By Gisele Augusto Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.