- In January 2024, Dyno Nobel signed a Memorandum of Understanding (MoU) with Saudi Chemical Company Limited to establish Saudi Arabia’s first technical ammonium nitrate plant. This development is expected to strengthen regional ammonium nitrate production capacity and reduce dependence on imports, thereby enhancing supply chain stability for mining and industrial users in the Middle East. The agreement also enables Dyno Nobel to expand its global supply footprint, boosting market competitiveness and availability of technical ammonium nitrate for international mining sectors
- In November 2023, Acron Group successfully completed industrial trials of its Grade A Ammonium Calcium Nitrate (CN) on greenhouse tomatoes, demonstrating 100% water solubility. This advancement is likely to fuel demand for premium, water-soluble fertilizers that support efficient nutrient delivery and improved crop yields. The innovation aligns with the market's growing preference for high-performance agricultural inputs, contributing to the expansion of the ammonium nitrate market within the controlled-environment agriculture sector
- In September 2023, Fertiberia launched the world’s first low-carbon technical ammonium nitrate (TAN) produced using renewable hydrogen instead of natural gas. This milestone is set to transform the ammonium nitrate industry by promoting environmentally sustainable production methods. The initiative addresses the rising demand for eco-friendly fertilizers and explosives, positioning low-carbon TAN as a critical solution for reducing carbon emissions while meeting global market needs. The signed MoU with Orica to supply this innovative product further supports market growth by accelerating the availability of sustainable TAN solutions
- In July 2023, Yara Clean Ammonia and Bunker Holding entered into a Memorandum of Understanding (MOU) to advance the ammonia market as a shipping fuel, as ammonia is increasingly utilized for environmentally sustainable maritime transportation
- In April 2023, Chambal Fertilisers revealed plans to construct a new 240,000 tonne/year technical ammonium nitrate (TAN) plant at its Gadepan complex in Rajasthan, India. The plant is scheduled to start operating by October 2025
