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Released September 13, 2024 | NEW DELHI
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Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. fertilizer market has been expanding significantly amid the Russia-Ukraine conflict, changes in U.S. trade policies concerning Russian goods, and global price hikes for raw materials. The U.S. government is promoting domestic agricultural expansion through incentive programs such as the Fertilizer Production Expansion Program (FPEP) and the Rural Energy for America Program (REAP).
Industrial Info is tracking more than 100 active capital-spending projects, totaling about $44 billion of investment, for fertilizer production across the U.S. Most of the projects are geared toward decarbonization, with significant spending on blue and green ammonia projects. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project and Plant databases can click here for a list of detailed project reports and click here for a list of related plant profiles.
About US$25 billion is allocated toward the production of blue ammonia, incorporating carbon-capture facilities to minimize carbon output. About US$10 billion is for green ammonia production, wherein green hydrogen is being utilized as feedstock. The remaining investments focus on manufacturing urea, phosphates and organic fertilizers.
Texas and Louisiana are the states with the most investment, with about $21 billion and $18 billion, respectively. Minnesota and Washington are also driving investments of more than US$1 billion each. Other states with significant spending include Nebraska, Ohio, Florida, Iowa and Mississippi.
The top three players in the market are Clean Hydrogen Works (CHW) (Grand Prairie, Texas), Copenhagen Infrastructure Partners (Copenhagen, Denmark) and OCI NV (North Holland, Netherlands), with a cumulative spend of more than $16 billion.
Copenhagen Infrastructure is planning to construct a blue ammonia production complex to produce 4,000 tons per day of blue ammonia. Subscribers can learn more from a detailed project report.
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) platform 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 more than 200,000 current and future projects worth $17.8 trillion (USD).
Industrial Info is tracking more than 100 active capital-spending projects, totaling about $44 billion of investment, for fertilizer production across the U.S. Most of the projects are geared toward decarbonization, with significant spending on blue and green ammonia projects. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project and Plant databases can click here for a list of detailed project reports and click here for a list of related plant profiles.
About US$25 billion is allocated toward the production of blue ammonia, incorporating carbon-capture facilities to minimize carbon output. About US$10 billion is for green ammonia production, wherein green hydrogen is being utilized as feedstock. The remaining investments focus on manufacturing urea, phosphates and organic fertilizers.
Texas and Louisiana are the states with the most investment, with about $21 billion and $18 billion, respectively. Minnesota and Washington are also driving investments of more than US$1 billion each. Other states with significant spending include Nebraska, Ohio, Florida, Iowa and Mississippi.
The top three players in the market are Clean Hydrogen Works (CHW) (Grand Prairie, Texas), Copenhagen Infrastructure Partners (Copenhagen, Denmark) and OCI NV (North Holland, Netherlands), with a cumulative spend of more than $16 billion.
Copenhagen Infrastructure is planning to construct a blue ammonia production complex to produce 4,000 tons per day of blue ammonia. Subscribers can learn more from a detailed project report.
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) platform 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 more than 200,000 current and future projects worth $17.8 trillion (USD).
