OCI Global Energy Transition Leadership
Global
OCI
Low Carbon Ammonia Supply Will Be Slow To Commission, OCI's Texas Blue Ahead
Only <15% of announcements get built given hurdles, and <30% of announced projects realized on time
Firm nitrogen projects in 2008 pipeline, ex-China, Million Mt
35
Total firm projects
'08
22
22
Cancelled
Similar trend in the US in 2014-2019:
9 projects from 35+ in pipeline realized (incl.
brownfields), all established nitrogen peers
-70%
1
2
11
Delayed
Realized
4 - 6 year typical construction time for nitrogen projects¹
All other announced projects are pre- FID, few years behind
OCI Texas Clean Ammonia
Low carbon ammonia
2
supply bottlenecks
Financing: higher interest rates,
need for bankable long-term
offtakes, especially new entrants
Extensive ammonia
infrastructure: scarce and
expensive for non-incumbents
3
Scalable technology for green
hydrogen projects likely 2030+
BD/
Feedstock
supply
Feasibility
Phase
Concept
Phase
Prepare
for execution
Construction
Operation
4
Higher replacement costs and
supply chain issues
12-24 months depending
on complexity
6-12 months
bidding for contracts,
financing, etc.
30-36 months
Source: Industry consultants Notes (1) Refers to large scale greenfield nitrogen plants
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