19 September 2012 06:14 [Source: ICIS news]
The unit is the fourth nitric acid plant operated by Huchems at the same site.
The new unit increases Huchem’s total nitric acid capacity to 1m tonnes/year, the source added.
Huchems was established by
Namhae is in charge of procuring feedstock ammonia for Huchems’ nitric acid production.
As a result of the nitric acid expansion, Namhae’s annual ammonia requirements will be increased by 100,000 tonnes.
Namhae’s current ammonia consumption is close to 400,000 tonnes/year, as the company also uses ammonia in its downstream diammonium phosphate (DAP) plant.
Several traders were heard to have already started negotiations with the producer for next year’s ammonia supply contracts.
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