Market News
Australia Nitric Acid Market: Recent Developments
- In 2021, Wesfarmers Chemicals, Energy & Fertilisers (WesCEF), announced that it had signed a long term supply agreement with Yara Pilbara Fertilizers, for the supply of ammonia, which is a key ingredient in the production of nitric acid. The agreement is expected to support WesCEF’s long term supply of nitric acid to the Australia Market.
- In 2020, Incitec Pivot Limited (IPL), one of the country’s largest fertilizer and explosives manufacturers, announced that it had completed a US$ 750 million upgrade of its nitric acid plant in Queensland. This upgrade increased the plant’s production capacity by 50%, and thus, makes it one of the largest nitric acid plants in the world.