The new report by Procurement Resource, a global procurement research and consulting firm, looks in-depth into the costs involved in the production of ammonium nitrate. The comprehensive report analyses the production cost of the material, covering raw material costs and co-product credit, equipment costs, land and site costs, labour wages, maintenance costs, financing charges, and the depreciation cost. The extensive study describes the step-wise consumption of material and utilities, along with a detailed process flow diagram. The report also assesses the latest developments within the ammonium nitrate industry that might influence the costs of production, looking into the capacity expansions, plant turnarounds, and mergers, acquisitions, and investments.
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Ammonium nitrate is the nitrate of ammonium cation. It is highly soluble in water and is found in a white crystalline state. Its primary application is to make fertilizers that are rich in nitrogen, thus making it a vital chemical for the agricultural industry. Ammonium nitrate is also used as instant cold-packs as its dissolution in water is highly endothermic. It is also a vital chemical used to make industrial-grade explosives that are used in construction, mining, and quarrying.
Read the full production cost analysis report of ammonium nitrate@
With the COVID-19 pandemic impacting the overall chemical market in a single sweep, the production chains were disrupted throughout the globe. In order to prevent significant losses, the companies started focusing more on health and sanitation-related products, which has affected the ammonium nitrate’s demand adversely. The explosion in Beirut, Lebanon, which was caused by 2750 tonnes of ammonium nitrate, has further impacted demand for the chemical. However, the ammonium nitrate demand is expected to continue to witness a growth in the coming years despite strict regulations coming into play surrounding its production and storage as it is used extensively in the agricultural and construction sectors.
Also, Read Price Trends of Ammonium Nitrate@
The production cost report by Procurement Resource assesses the production of ammonium nitrate via ammonia and via metal nitrates. The industrial production of ammonium nitrate takes place through ammonia. In this process, nitric acid reacts with anhydrous ammonia, which results in an aqueous solution of ammonium nitrate. The excessive water is then evaporated, and solid ammonium nitrate is left behind, which is then made into small beads for further industrial use.
Ammonium Chloride Production by Solvay Process: https://www.procurementresource.com/cost-analysis/ammonium-chloride-production-by-solvay-process
Barium Nitrate Production from Barium Carbonate: https://www.procurementresource.com/cost-analysis/barium-nitrate-production-from-barium-carbonate
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