The Middle East is expected to have the second-highest ammonia capacity additions globally, behind Asia, contributing about 9.28 mtpa of the total global new-build and expansion ammonia capacity additions by 2030.
Major capacity additions for the Middle East will be from Iran, with new-build and expansion capacity additions of 4.96 million tonnes per annum (mtpa) by 2030, according to GlobalData, a leading data and analytics company.
Meanwhile, Asia is expected to lead the global ammonia industry capacity growth from new-build and expansion projects by 2030 with a share of 20%.
Asia to have 9.93 mtpa
GlobalData’s report, ‘Ammonia Market Capacity and Capital Expenditure (CapEx) Market Forecast by Region, Top Countries and Companies, Feedstock, Key Planned and Announced Projects, 2022-2030’, reveals that the total ammonia capacity of new-build and expansion projects in Asia is expected to be 9.93 mtpa by 2030.
Out of this capacity addition, 9.72 mtpa is from new-build projects and the remaining capacity is from expansion projects.
Teja Pappoppula, Oil and Gas Analyst at GlobalData, comments: “Asia will continue to lead the global ammonia market with the larger number of new projects driven by growing economies in the region.”
Africa stands third, with new-build and expansion capacity of 8.11 mtpa by 2030. Of these, most of the ammonia capacity additions will come from new-build projects.-- TradeArabia News Service
&uuid=(email))