The sharp world financial downturn brought on by
the coronavirus pandemic and the collapse in
crude oil costs has wide-ranging implications
for the fertilizers business.
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LATEST HEADLINES
Norway’s Grieg,
Wärtsilä to build world’s first green ammonia
tanker
By Richard Ewing 18-Dec-20 LONDON (ICIS)–Plans
by Norway’s Grieg Edge and Wärtsilä to construct
the world’s first inexperienced ammonia fuelled tanker
– to move inexperienced ammonia – obtained the
official stamp of approval and authorities
funding on Friday.
US blacklists
China, UAE companies over sale of Iran
petrochemicals
By Pearl Bantillo 17-Dec-20 SINGAPORE
(ICIS)–The US has blacklisted on Wednesday
4 corporations primarily based in China and the UAE for
facilitating exports of Iranian petrochemicals.
Sanctions have been imposed on UAE’s Alpha Tech
Buying and selling FZE and Petroliance Buying and selling Fze; and
China’s Donghai Worldwide Ship Administration
Ltd and Petrochem South East Ltd for
facilitating gross sales of Iranian petrochemicals by
Hong Kong-based Triliance Petrochemical, which
was blacklisted in January 2020.
Russia’s
Togliatti says construction of third urea unit
40% complete
By Richard Ewing 15-Dec-20 LONDON
(ICIS)–Russian nitrogen fertilizer main
Togliattiazot (TOAZ) on Monday revealed the
centrepiece of its new urea plant – a 107 metre
tall granulation tower – had been put in and
the challenge is 38% full.
Supply – TOAZ
Danes to build
world’s first commercial-scale green ammonia
plant
By Richard Ewing 9-Dec-20 LONDON (ICIS)–Plans
for the world’s first inexperienced commercial-scale
ammonia plant to be in-built Denmark have been
unveiled on Wednesday, with the Danish
challenge’s backers trying to speed up the
world transition to renewable power.
The challenge has been developed by Skovgaard
Make investments, supported by Vestas, a sustainable
power options supplier, and Haldor Topsoe, a
main designer of catalysts, expertise, and
providers for the chemical and refining
industries.
Rating agency
lowers expectations for 2021 global GDP growth
as new coronavirus cases surge
By Adam Yanelli 4-Dec-20 HOUSTON (ICIS)–A brand new
surge of coronavirus (Covid-19) instances within the US
and Europe – and the attainable lockdown measures
that would comply with – drove S&P International
Scores to decrease its full yr world GDP
progress projection for 2021.
In a report launched on Friday, the ranking
company lowered its world forecast to five.0% GDP
progress for 2021 from its earlier projection of
5.3%. The company’s 2022-2023 GDP forecast was
largely unchanged.
Brazil’s
Petrobras yet to receive formal offers for sale
of nitrogen fertilizer units
By Richard Ewing 1-Dec-20 LONDON
(ICIS)–Petrobras has but to discover a purchaser for
shuttered ammonia and urea vegetation run by
wholly-owned subsidiary Araucária Nitrogenados
SA (ANSA), bosses of the Brazilian power main
disclosed on Tuesday.
Supply – Petrobras
