Industry News

Yara International to Double the Capacity of its Fertilizer Plant in Brazil

Brazil: Yara International, an Oslo based manufacturer of fertilizers, crop nutrition technologies, industrial and environmental solutions, has announced plans to expand and modernize its production capacity for manufacturing fertilizers of the Rio Grande plant in Brazil. The company plans to invest around USD275 million to double the capacity of Rio Grande fertilizer plant. Expansion of the fertilizer plant, which has annual production and blending capacity of 800,000 tonnes, would be completed by 2020. Post completion of the project, the production and blending capacity of the facility would increase to 1,600,000 tonnes. The expansion project is expected to promote the development of new warehouses, new acidulation and granulation lines, fully automated blending and bagging equipment, a boiler for steam production and a wastewater treatment plant.

TechSci Research depicts that the expansion of fertilizers production capacity in Brazil, would enable the company to develop and invest in Brazilian agribusiness. Moreover, the expansion project would address the growing demand for finished fertilizers in the country and reduce the dependence on fertilizer imports.

According to TechSci Research report, Iran Fertilizers Market Forecast and Opportunities, 2020”, the fertilizer market in Iran is projected to grow at a CAGR of over 3.5% during 2015 – 2020. Additionally, abundant availability of natural gas resources in the country have transformed Iran into a major production base for urea and other nitrogen fertilizers. In 2014, a lion’s share in the total demand for fertilizers in Iran was accounted for by nitrogen fertilizers such as ammonium nitrate and urea, among others.

 

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