Industry News

Weatherly Inc. Introduces a New Dual-Pressure Nitric Acid Process

United States:  Weatherly Inc., an America based technology supplier, engineering and procurement company has recently introduced a Dual Pressure Nitric Acid Process(DPNA) technology through which economically viable nitric acid can be produced at the rate of over 1000MT/day. This DPNA process is expected to lower the operational costs owing to increased efficiency by recovering heat from the system for the generation of power for the system. The company launched this technology at the AN-NA conference in the Netherlands and it is now made commercially available.   

TechSci Research depicts that the introduction of this new technology will lead to the production of low priced nitric acid for large fertilizer production complexes and thus, more efficiently produced product will cater the demand for nitric acid across the globe.

According to the recently published report by TechSci Research, Global Nitric Acid Market By Plant Type, By Sales Channel, By Application, By Region, Competition Forecast and Opportunities, 2011 – 2025”, the global nitric acid market is projected to grow at a CAGR of over 6% during 2016-2025, on the back of implementation of stringent regulations related to greenhouse gas pollution control, expanding ammonium nitrate and calcium ammonium nitrate industries and growing demand for explosives from mining and construction sectors. Europe is the largest consumer of nitric acid across the globe. However, rapid industrialization in APAC are projected to drive robust growth in demand for nitric acid and its derivatives in the region in the ensuing years. Few of the major players operating in global nitric acid market include LSB Industries, Yara International, CF Industries, Deepak Fertilizer, Petrochemicals Corporation Limited, etc.

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