KBR to Renovate Ammonia Plant in Mangalore
KBR
signs deal to revamp ammonia plant operated by Mangalore Chemicals and
Fertilizers, in Mangalore.
India:
KBR Inc., a leading US
based EPC company, has entered into an agreement with Mangalore Chemicals and
Fertilizer (MCF) to revamp its ammonia plant located in Panambur, Mangalore,
India. The contract value of the deal has not been disclosed, however, the plant
would utilize KBR’s ammonia technology to improve the energy efficiency of the plant.
KBR has its operation in nearly 40 nations worldwide and serves customers in
around 80 countries. The company has designed, constructed, licensed and
engineered around 230 ammonia plants. Earlier this year, the company had been
awarded a contract for providing catalyst solution to Ammonia Plants in
Indonesia.
TechSci Research depicts that rebuilding
of ammonia production plant in India is expected to positively influence the nitric
acid industry of the country. Availability of ammonia, a major raw material in
the production of nitric acid, is anticipated to augment the nitric acid
production in the India.
According to the recently published
report by TechSci Research, “Global
Nitric Acid Market By Plant Type, By Sales Channel, By
Application, By Region, Competition Forecast and Opportunities, 2011 - 2025”, the global nitric acid market is
projected to grow at a CAGR of over 6% during 2016-2025, on the back of
implementation of stringent regulations related to greenhouse gas pollution
control, expanding ammonium nitrate and calcium ammonium nitrate industries and
growing demand for explosives from mining and construction sectors. Europe is
the largest consumer of nitric acid across the globe. Rising demand for nitric
acid across the globe can be attributed to its widespread use in production of
chemicals such as ammonium nitrate, calcium ammonium nitrate, nitrobenzene,
adipic acid, toluene di isocynate etc., used in fertilizers, polyurethanes,
pharmaceuticals and other end user industries.