Governor of the Northern Borders Region, Prince Faisal bin Khalid bin Sultan bin Abdulaziz, has inaugurated several development and investment projects in Wa’ad Al Shamal Mining City, with total investments amounting to SAR29 billion. The ceremony was attended by Minister of Industry and Mineral Resources Bandar Alkhorayef, Vice Minister for Mining Affairs Eng. Khalid Al-Mudaifer,…
The Global Fertilizer Market stabilized in the fourth quarter of 2024. Prices rose slightly by 1% compared to the third quarter but dropped more than 17% year-on-year. This price moderation was supported by ample supplies and steady energy costs, despite trade restrictions in certain regions. Fertilizer input costs, which peaked in 2022-23, have declined significantly….
NEXTCHEM, part of MAIRE, has announced two major project awards in Canada through its subsidiary Stamicarbon, a global leader in nitrogen fertilizer technology. These projects highlight Stamicarbon’s innovative NX STAMI Urea technology. Low-Carbon Fertilizer Plant in Saskatchewan Stamicarbon will deliver the process design package (PDP) and licensing for a new urea and diesel exhaust fluid…
The government has approved separate proposals to procure one cargo of Liquefied Natural Gas (LNG) and 1,30,000 metric tons of fertiliser to meet the country’s growing demand. The approvals were granted during the 18th meeting of the Advisers Council Committee on Government Purchase (ACCGP), chaired by Adviser to the Ministry of Finance Dr. Salehuddin Ahmed,…
Bangladesh has signed a two-year agreement to import 400,000 tons of diammonium phosphate (DAP) fertilizer annually from Saudi Arabia, as announced by the Bangladesh Agricultural Development Corporation (BADC) on Sunday. This deal is part of the South Asian nation’s efforts to strengthen food security amid rising demand and decreasing arable land due to urbanization. The…
KBR has announced that it will provide its advanced ammonia technology for KazAzot’s first world-scale fertilizer complex in Kazakhstan. The plant, located in Aktau, will produce 2,000 metric tons of ammonia per day. As part of the project, KBR will offer a complete package of solutions. This includes a technology license, proprietary engineering design, equipment,…
SIA Linas Agro, a subsidiary of AB Akola Group, has acquired 100% of SIA Elagro Trade, a Latvian agricultural company. The deal was approved by the Competition Council of Latvia. Initially valued at €22 million, the final transaction amount rose to €25.5 million. This increase was due to higher-than-expected net working capital at the closing…
Norwegian agricultural leader Yara has embraced biomethane as a sustainable substitute for natural gas in ammonia production. This shift slashes the carbon footprint by 75% compared to traditional methods reliant on fossil fuels. Yara targets an annual output of 6,000 to 7,000 tonnes of sustainable ammonia, sufficient for producing 15,000 tonnes of fertilizer per year….
Israel is taking a major step toward sustainable waste management by building its first anaerobic waste recycling facility near the Gaza border. Named Dia, this groundbreaking project aims to transform household and agricultural waste into biogas and fertilizer. The facility will use advanced microbial technology, processing up to 200,000 tons of organic waste each year…
Petrobras has announced that its Board of Directors will proceed with the Petrobras UFN-III Project in Três Lagoas, MS. After conducting a thorough review aligned with the company’s Strategic Plan 2024-2028, the Board confirmed the project’s economic viability. Notably, the analysis shows a positive net present value (NPV), even in challenging scenarios outlined in Petrobras’…
