Markets :: Basic Chemicals :: Inorganic Chemicals :: Fertilizers
Growing economies, US biofuels development driving global demand growth for ammonia
9:47 AM MST | March 5, 2014 | Rebecca Coons
Growing incomes and improving diets in developing countries such as Brazil, India, and China, combined with significant biofuels production in the United States and Brazil, are driving global demand growth for ammonia, a key component in fertilizer and agricultural products essential to expanding food crop production, according to a recent IHS Chemical report. However, ammonia demand growth in the next few years could be threatened by decreasing corn-based biofuels production in the United States, the report adds. During the past five years...
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