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Orica and Yara Launches Ammonium Nitrate Plant in Western Australia

Australia: Orica Limited, an Australia based mining services company and Yara International ASA, a Norway based leading chemical products and environmental solutions firm together launched world’s first Technical Ammonia Nitrate (TAN) manufacturing plant in Pilbara region of Western Australia. The newly opened joint venture facility would have Ammonium Nitrate annual production capacity of 330,000 tons. The plant would be fully operational by the end of 2016 with the employment of 70 workers. Yara International ASA would be responsible for operations of plant while Orica limited will be managing the sales and distribution of Ammonium Nitrate. The plant is situated in proximity to Yara Pilbara fertilizers ammonia plant which is exporting 800,000 tons of ammonia annually worldwide which would eventually eliminate the need for transportation, thus lowering the manufacturing cost. The Orica and Yara joint venture plant is the first of its type in terms of completely modularized construction and latest technology for reduced greenhouse gas emission.

TechSci Research depicts that the strategic decision of the companies to unveil plant in one of the powerful mining region would improve Orica’s customer relationships in the local region and would strengthen Yara’s position in the Asia-pacific Market. Moreover, the latest technology employed in the plant also meets the sustainability standards of production which would augment the demand of fertilizers from Ammonium nitrate.

According to upcoming report by TechSci Research, Global Nitric Acid Market Forecast & Opportunities, 2021, the Global Nitric Acid Market is projected to grow at the CAGR of about 10% during 2015-2022 and it estimated to reach approximately US$15 billion by 2022. Demand for crops and vegetables has risen remarkably in recent years, as a consequence of various macroeconomic factors such as high population growth. Increasing demand for food produce is promoting the adoption of more and better fertilizers by the farmers to meet the need and take the explore the rising opportunities. The ammonium nitrate based fertilizers are extensively preferred by the farmers, thus creating demand for the nitric acid.

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