Sulphur price soars on fertiliser demand

An ugly waste product of oil refining has been transformed into a golden windfall for energy companies as demand for fertilisers drives the price of sulphur to unprecedented levels.

For decades oil refiners have struggled to shift stockpiles of the yellow chemical, which is used to make sulphuric acid, essential in the manufacture of fertilisers. Food shortages and higher grain prices are boosting demand for fertilisers, and in only a year the price of sulphur has risen more than tenfold from $50 a tonne to $500 a tonne, according to ICIS, the chemicals-pricing service.


The extraordinary surge in the price of sulphur is expected to generate windfall profits for some oil companies, notably Royal Dutch Shell and Chevron, as well as Gulf oil producers, such as Saudi Aramco and Adnoc, the Abu Dhabi national oil company.