Australia’s largest ammonia plant will be shut for two months to repair damage caused by a power outage, amidst a global supply crunch for the vital fertiliser and explosives ingredient.<\/p>\n
To say that the shutdown comes at the worst possible time for the global fertilizer market would be an understatement: more than a quarter of the world’s traded ammonia flows through the Strait of Hormuz, as do 43% of urea shipments, the fertilizer made from ammonia. As we discussed in recent days, that flow has been cut to a trickle as Iran blockaded the SoH, as have vital gas supplies, causing fertilizer plants in India to shut.<\/p>\n
Adding insult to injury, last week Yara’s Pilbara plant, which uses gas to produce 850,000 tonnes of ammonia a year, suffered a power outage, damaging equipment, BoilingCold reports.<\/p>\n
https:\/\/www.zerohedge.com\/commodities\/glitch-shuts-australias-biggest-maker-vital-fertilizer-input-2-months<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" “Yara well understands the importance of its products to customers and will work to bring the operations back online as soon as practical,” Australia’s largest ammonia plant will be shut for two months to repair damage caused by a power … Continue reading