Blue Low-Carbon Ammonia Industry: Current Status, Trends, and Prospects — Strategic Planning Recommendations Report 2026

3.8.1 Ma’aden — Basic Information, Blue Low-Carbon Ammonia Production Base, Headquarters, Competitors, and Market Position 3.8.2 Ma’aden — Blue Low-Carbon Ammonia Product Specifications, Parameters, and Market Applications 3.8.3 Ma’aden — Blue Low-Carbon Ammonia Sales Volume, Revenue, Pricing, and Gross Margin in the Chinese Market (2021–2026) 3.8.4 Ma’aden — Company Profile and Core Business Activities 3.8.5 Ma’aden — Latest Corporate Developments 3.9 PAO NOVATEK 3.9.1 PAO NOVATEK — Basic Information, Blue Low-Carbon Ammonia Production Base, Headquarters, Competitors, and Market Position 3.9.2 PAO NOVATEK — Blue Low-Carbon Ammonia Product Specifications, Parameters, and Market Applications 3.9.3 PAO NOVATEK — Blue Low-Carbon Ammonia Sales Volume, Revenue, Pricing, and Gross Margin in the Chinese Market (2021–2026) 3.9.4 PAO NOVATEK — Company Profile and Core Business Activities 3.9.5 PAO NOVATEK — Latest Corporate Developments 3.10 ADNOC Group 3.10.1 ADNOC Group — Basic Information, Blue Low-Carbon Ammonia Production Base, Headquarters, Competitors, and Market Position 3.10.2 ADNOC Group — Blue Low-Carbon Ammonia Product Specifications, Parameters, and Market Applications 3.10.3 ADNOC Group — Blue Low-Carbon Ammonia Sales Volume, Revenue, Pricing, and Gross Margin in the Chinese Market (2021–2026) 3.10.4 ADNOC Group — Company Profile and Core Business Activities 3.10.5 ADNOC Group — Latest Corporate Developments 3.11 LSB Industries 3.11.1 LSB Industries — Basic Information, Blue Low-Carbon Ammonia Production Base, Headquarters, Competitors, and Market Position 3.11.2 LSB Industries — Blue Low-Carbon Ammonia Product Specifications, Parameters, and Market Applications 3.11.3 LSB Industries — Blue Low-Carbon Ammonia Sales Volume, Revenue, Pricing, and Gross Margin in the Chinese Market (2021–2026) 3.11.4 LSB Industries — Company Profile and Core Business Activities 3.11.5 LSB Industries — Latest Corporate Developments 3.12 Equinor 3.12.1 Equinor — Basic Information, Blue Low-Carbon Ammonia Production Base, Headquarters, Competitors, and Market Position 3.12.2 Equinor — Blue Low-Carbon Ammonia Product Specifications, Parameters, and Market Applications 3.12.3 Equinor — Blue Low-Carbon Ammonia Sales Volume, Revenue, Pricing, and Gross Margin in the Chinese Market (2021–2026) 3.12.4 Equinor — Company Profile and Core Business Activities 3.12.5 Equinor — Latest Corporate Developments 3.13 Uniper 3.13.1 Uniper — Basic Information, Blue Low-Carbon Ammonia Production Base, Headquarters, Competitors, and Market Position 3.13.2 Uniper — Blue Low-Carbon Ammonia Product Specifications, Parameters, and Market Applications

Nitrogen Gas / Nitrogen Fertilizers — Latest Analysis (Middle East Situation)

3.1 Valuation Overview Company Ticker Country Share Price Market Cap P/E Revenue (FY25) EBITDA Margin Dividend Yield Analyst Rating CF Industries CF USA $124.90 $19.2B 13.9x $7.08B ~41% 1.6% Hold Nutrien NTR Canada $76.50 $36.8B 16.0x ~$27.0B ~22% 2.9% Buy Yara International YAR.OL Norway NOK 516 ~$12.0B 10.0x $15.7B ~18% 4.3% Buy OCI Global OCI.AS Netherlands €3.09 €652M N/M $1.09B ~8% N/A Hold (in liquidation) LSB Industries LXU USA $14.77 ~$1.1B ~45x $615M ~26% 0% Hold Mosaic MOS USA $23.65 $7.5B 7–16x $12.1B ~20% 2.8% Mixed Grupa Azoty ATT.WA Poland PLN 18.74 ~$450M N/M $3.4B Low N/A Hold SABIC Agri-Nutrients 2020.SR Saudi Arabia SAR 116.60 ~$6.2B ~14x ~$2.5B ~35% 5%+ Buy China Lanhua http://3983.HK China HKD 3.32 ~$2.0B ~8x ~$1.5B ~20% 5%+ Strong Buy Hubei Yihua 000422.SZ China CNY 13–19 ~$2.0B ~30x ~$2.4B ~10% ~1% Hold 3.2 Key Private/Government-Owned Players Company Country Capacity Current Status (as of March 2026) QAFCO (Qatar Fertiliser Company) Qatar 5.6 MTPA Urea + 3.8 MTPA Ammonia ⚠️ Fully停产 — Hormuz Strait closure + LNG facilities attacked IFFCO India 4.24 MTPA Urea Operational, but Middle East imports disrupted SKW Piesteritz Germany ~1.2 MTPA Ammonia Under high gas price pressure; Germany’s largest ammonia/urea producer Borealis/OMV Austria ~2.0 MTPA Fertilisers Reducing output due to high TTF gas prices Achema Lithuania ~2.0 MTPA Fertilisers Largest Baltic producer, impacted by EU gas prices Togliattiazot Russia ~3.0 MTPA Ammonia Constructing Taman export terminal; export capacity constrained by sanctions IV. Global Ammonia Capacity Landscape Region Ammonia Capacity (MTPA) Key Players Cost Position China ~65 Hubei Yihua, Sinochem, CNCEC Low-cost (coal-based: ~$200–250/ton) Russia/CIS ~25 Togliattiazot, EuroChem, Uralchem Low-cost ($100–150/ton), but sanctions-constrained North America ~22 CF Industries, Nutrien, LSB, Koch Medium-low cost ($150–200/ton, Henry Hub-linked) Middle East ~20 QAFCO, SABIC, Fertil, GPIC Lowest cost ($80–120/ton) — currently offline South Asia (India) ~20 IFFCO, NFL, RCF, Chambal Medium (LNG imports, subsidies) Europe ~18 Yara, OCI, Grupa Azoty, SKW Highest cost (currently $500–600/ton under TTF pricing) Southeast Asia/Oceania ~12 Pupuk Indonesia, Petrokimia Medium Africa ~8 OCP (Morocco), MOPCO (Egypt) Medium-Low

LSB Industries Q1 2026 Earnings Report Highlights Sales Growth and Ammonia Targets

Apr 30, 2026

LSB Industries reported increased net sales and operating income for Q1 2026, driven by higher prices and improved product mix. The company projects 780,000–810,000 tons of ammonia production for 2026 alongside $75 million in capital expenditures.

www.marketscreener.com

2026-04-10

LSB Industries Updates Governance Bylaws Amidst Fertilizer Operations

2026-04-10

LSB Industries Plans 2026 Virtual Meeting, Auditor Change and Say-on-Pay Vote

2026-04-11

LSB Industries Inc (NYSE:LXU) Shows High Growth Momentum and Strong Technical Trend

2026-04-14

LSB Industries Inc. (NYSE:LXU) Short Interest Update

2026-04-15

LSB Industries, Inc. Schedules 2026 First Quarter Results Release for Wednesday, April 29