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23.03.26 - 03:03
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Glitch Shuts Australia′s Biggest Maker Of Vital Fertilizer Input For 2 Months At Worst Possible Time (ZeroHedge)
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Glitch Shuts Australia's Biggest Maker Of Vital Fertilizer Input For 2 Months At Worst Possible Time
Australia's largest ammonia plant will be shut for two months to repair damage caused by a power outage, amidst a global supply crunch for the vital fertiliser and explosives ingredient.
To say that the shutdown comes at the worst possible time for the global fertilizer market would be an understatement: more than a quarter of the world's traded ammonia flows through the Strait of Hormuz, as do 43% of urea shipments, the fertilizer made from ammonia. As we discussed in recent days, that flow has been cut to a trickle as Iran blockaded the SoH, as have vital gas supplies, causing fertilizer plants in India to shut.
Adding insult to injury, last week Yara's Pilbara plant, which uses gas to produce 850,000 tonnes of ammonia a year, suffered a power outage, damaging equipment, BoilingCold reports.
The Yara Pilbara plant produces 5% of globally traded ammonia
A spokesman for the Norwegian compan...
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21.03.26 - 09:54
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BASF-Chef: China-Investition lohnt sich später als geplant (Cash)
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- Wenige Tage vor der Eröffnung eines neuen Chemiewerks in China räumt BASF-Chef Markus Kamieth ein, dass sich diese Milliardeninvestition für den Konzern später als geplant lohnen wird. «Wir starten in einem überversorgten Markt, in dem die Preise und Margen auf einem historisch niedrigen Niveau liegen», sagte Kamieth der «Frankfurter Allgemeinen Sonntagszeitung». «Die Profitabilität wird in den ersten Jahren daher deutlich unter dem sein, was wir uns ursprünglich vorgestellt hatten.»...
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