Industry News

SNC-Lavalin Group Inc. Awarded Contract to Build Ammonia Plant in Oman

SNC-Lavalin Group Inc. signs an agreement with Salalah Methanol (SMC) for the development of liquid ammonia plant in Salalah city in Oman

Oman: SNC-Lavalin Group Inc., a Canada based construction and engineering group, has been granted a contract by the Oman based Salalah Methanol Company LLC (SMC), for the EPC (Engineering, Procurement and Construction) of anhydrous ammonia production plant in Salalah, Oman. The agreement also comprises of construction of off-site infrastructure and utilities and the company would conduct preliminary studies, that would be commenced by beginning of March 2017. This new ammonia production facility would utilize a technology provided by Linde Group for the production of anhydrous liquid ammonia.

TechSci Research depicts that the setup of new ammonia production plant in Oman is anticipated to positively influence the nitric acid industry of the nation. Ammonia is one of the widely used raw material for the nitric acid production and its increased production is expected to strengthen the Oman nitric acid market.

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.

Relevant News