More ammonia capacity expansions are coming, judging by comments in the latest earnings reports from KBR and ThyssenKrupp.
“We just received a significant order for license basic engineering and pre-FEED for work of series of ammonia revamps that will come through in Q2 bookings.
We’ve also just been awarded a technical services agreement that leads to I guess source EPC pricing for another grass roots ammonia plant in midwest U.S. which is valued around about a $2 billion opportunity.”
I have some ideas about who might possibly want a “series” of revamps, but can’t immediately do more than guess the extent of the capacity increases we might expect from those projects.
There’s a very short list of potential $2 billion ammonia-urea greenfields in the Mid West …
The news from ThyssenKrupp / Uhde is even more offhand and opaque, but takes us further into the future:
“Lively demand and project initiations reflect [a] promising pipeline for [the second half of 2015] … interest for fertilizer & polymer plants esp. from US continues; but short-term uncertainty about oil / gas prices delays projects.”
See ThyssenKrupp’s Q2 2014-15 Presentation [PDF] if you want, but there’s scant further information about ammonia in North America.