China Adds 7.7 Million Tons/Year in New Urea Capacity

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Researched by Industrial Info Resources (Sugar Land, Texas)--According to the statistics of the China Nitrogen Fertilizer Industry Association, projects accounting for 7.72 million tons of new urea capacity are under construction in China, which are expected to be completed and put into operation in the next two years.

Analysis of nitrogen fertilizer consumption in recent years shows China's average annual nitrogen fertilizer demand growth after 2018 is only about 1%, which is equivalent to an increase of 600,000 tons per year of urea. The new production capacity would impact operating rates and the economy of the nitrogen fertilizer sector.

Industrial Info is tracking 19 active urea projects, valued at US$2.51 billion, in China. The total capacity of these projects exceeds 10 million tons per year. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can click here for a list of detailed project reports.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).