All Posts from October 5, 2020

New Egyptian Urea Deal at $260/mt FOB

Sources reported a sale of 15,000 mt of granular urea by Egyptian producer Abu Qir at $260/mt FOB for late October loading. The price represents a move up after a week of bouncing around in the $250s/mt FOB.

Yara & Denmark’s Ørsted To Develop Green Ammonia Project In The Netherlands

Yara International ASA, Oslo, and Danish offshore wind developer, Ørsted A/S, have joined forces to develop a 100 MW wind-powered electrolyser plant for renewable hydrogen production,  aimed at replacing fossil hydrogen with renewable hydrogen for ammonia production in Yara’s Sluiskil plant.

The renewable hydrogen would generate around 75,000 mt/y of green ammonia, approximately 10 percent of the capacity of one of the ammonia plants in Sluiskil.

If the required public co-funding is secured and the right regulatory framework is in place, the project could be operational in 2024/2025, Yara said. The green ammonia is intended to be used in the production of carbon neutral fertilizer products.

K+S Confirms In Advanced Negotiations For OU Americas Sale

K+S Group, Kassel, earlier today confirmed in response to market rumours, that it is in “very advanced” negotiations with Stone Canyon Industries Holdings LLC about a potential sale of its operating unit Americas.

K+S  said the purchase price is expected to be $3.2 billion (enterprise value), but added that agreements have not been signed, and, hence, “there is no certainty that an agreement can be reached and announced”.