Russia is Expected to Lead Urea Capacity Growth by 2030, Gollowed by Iran and India
Global urea capacity is poised to see considerable growth by 2030, potentially increasing from 241.92 million tonnes per annum (mtpa) in 2023 to 307.47 mtpa in 2030. Around 67 planned and announced plants are likely to come online by 2030, primarily in the Former Soviet Union, Asia, Africa, and the Middle East.
Among countries, Russia is expected to lead urea capacity growth by 2030, followed by Iran and India. Nakhodka Fertilizer Plant, Turkmenhimiya, and Reliance Industries Ltd are the top three companies by planned and announced capacity additions globally by the end of the decade. – Source: Yahoo News –
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