FERTILIZER MIXTURES MARKET ANALYSIS

Market News

Key developments:

• In August 2019, Yara and Nel confirm their shared ambition of developing clean hydrogen which would allow Yara to realize low carbon footprint fertilizer production. The project is based on Nel’s development of new water electrolyzer technology that will be tested at Yara’s existing plant in Porsgrunn, Norway.
• In December 2018, CNOOC Chemical Co., Ltd. Nian fertilizer marketing summit was successfully held in Tianjin. The company actively leads the new trend of industry transformation and promotes product upgrades.
• In June 2018, CNOOC Offshore Oil Rich Island Banana Simplified Fertilization Cultivation Method Receives Patent. The invention simplifies the traditional fertilization method for banana planting, reducing the number of fertilization from 15-20 times to 5 times, saving labor cost of more than 300 yuan per mu, and increasing the banana yield.