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Sinochem News recently, GlobalData's latest report "Global Urea Capacity and Capital Expenditure Outlook to 2030—India and Iran Leading Global Urea Capacity Growth" shows that in the next 5 years, global urea production capacity will continue to grow substantially, starting from 2020 It will increase from 222.
9 million tons/year to 30592 million tons/year in 2030, an increase of 37%
.
About 89 projects are planned and announced to be put into production in the next 5 years, mainly distributed in Asia and Africa
.