Core Insights - The liquid ammonia storage tank industry is experiencing significant growth, with the market size in China projected to reach approximately 7.788 billion yuan in 2024, reflecting a year-on-year increase of 10.12% [2] - The successful launch of the world's largest green hydrogen ammonia project, with an initial production capacity of 320,000 tons, marks a milestone in the industry, particularly with the innovative use of concrete full-container technology for liquid ammonia storage [2] - The demand for liquid ammonia is driven by its applications in agriculture, pharmaceuticals, and food industries, leading to a steady increase in the industry [2][9] Industry Overview - Liquid ammonia storage tanks are specialized containers for storing and transporting liquid ammonia, widely used in various sectors including chemical, construction, aerospace, and medical [4] - The industry has seen advancements in manufacturing techniques, such as welding and riveting, which have improved the quality and performance of storage tanks [2][4] - The market is characterized by different types of storage tanks, including vertical, horizontal, and spherical tanks, with spherical tanks gaining popularity due to their structural advantages [5] Industry Development Background - The production of liquid ammonia in China is expected to grow from 45.51 million tons in 2018 to 62.10 million tons by 2024, with a compound annual growth rate of 5.32% [9] - The growth in ammonia production has led to increased demand for specialized storage equipment, prompting rapid technological advancements in liquid ammonia storage tanks [9] - The "14th Five-Year Plan" has accelerated the construction of new coal chemical and fine chemical projects, further driving the demand for large-capacity and high-safety liquid ammonia storage tanks [9] Industry Chain - The upstream of the liquid ammonia storage tank industry includes raw materials such as special steel, low-temperature alloys, insulation materials, sealing materials, and welding materials [11] - The core equipment in the industry includes compressors, refrigeration units, and safety valves [11] - The downstream applications of liquid ammonia storage tanks span across chemical, construction, aerospace, medical, and environmental sectors [11] Related Companies - Key listed companies in the liquid ammonia storage tank sector include CIMC Enric (301559), Blue Sky High-tech (601798), and Shudao Equipment (300540) among others [3] - Other relevant companies include Shandong Zhongjie Special Equipment Co., China Air Separation Engineering Co., and Shanghai Banwei Industrial Co. [3]

Industry Overview - The liquid ammonia storage tank is a specialized equipment for storing and transporting liquid ammonia, with a history dating back to the late 19th century. Its development has been driven by advancements in chemical industry and increasing demand in agriculture, medicine, and food sectors [1][4][14] - The market size of China's liquid ammonia storage tank industry is projected to reach approximately 7.788 billion yuan in 2024, representing a year-on-year growth of 10.12% [1][14] - The first phase of the world's largest green hydrogen ammonia project, with an initial capacity of 320,000 tons, was officially put into operation on July 8, 2025. This project includes a milestone liquid ammonia storage tank project that is the first large-scale low-temperature tank for storing green ammonia globally [1][14] Industry Development Background - The demand for liquid ammonia has been increasing, with production expected to grow from 45.51 million tons in 2018 to 62.10 million tons in 2024, reflecting a compound annual growth rate of 5.32% [7] - The growth in liquid ammonia production has spurred the demand for specialized storage equipment, leading to rapid technological advancements in liquid ammonia storage tanks [7] Industry Chain - The upstream of the liquid ammonia storage tank industry includes raw materials and equipment, such as special steel, low-temperature alloys, insulation materials, sealing materials, and welding materials. The core equipment includes compressors, refrigeration units, and safety valves [10] - The midstream involves the production and manufacturing of liquid ammonia storage tanks, while the downstream applications span across chemical, construction, aerospace, biomedical, and environmental sectors [10] Industry Trends - The trend towards larger liquid ammonia storage tanks is driven by increasing production capacity and import/export demands. The industry is moving towards 50,000-ton capacity tanks to reduce land use and operational costs [22] - The integration of smart technologies, such as IoT sensors and AI monitoring systems, is enhancing safety and efficiency in the liquid ammonia storage tank sector [23] - The green transformation of liquid ammonia storage tanks is essential, focusing on low-energy, corrosion-resistant materials and the adoption of BOG recovery systems to minimize carbon emissions [24] Key Companies - Major companies in the liquid ammonia storage tank market include CIMC Enric, Blue Science and Technology, and various domestic manufacturers that dominate the mid to low-end market, while international brands focus on high-end large storage tanks [15][18][20]