Incitec Pivot

What Incitec Pivot does

Incitec Pivot is an Australian industrial manufacturer of explosives, chemicals, and fertilisers serving the mining and agriculture sectors. The consolidated entity is publicly listed on the ASX (ticker: IPL), headquartered in Southbank, Melbourne, with 5,001–10,000 employees. Its fertiliser business — Incitec Pivot Fertilisers (IPF) — operates as a subsidiary of Dyno Nobel Limited, itself owned by Ridley Corporation, distributing nitrogen fertilisers, enhanced-efficiency fertilisers, liquids, phosphates, compounds, and blends to Australian growers through a dealer network and the Fertshed B2B portal.

The core technology base centres on proprietary Australian-developed enhanced-efficiency fertilisers (EEFs): eNpower, a granular urea coated with the patented DMP-G nitrification inhibitor that holds ammonium in the root zone for 6–12 weeks, and Green Urea NV, a urease inhibitor coating demonstrated to reduce volatilisation losses by up to 89% across 19 Southern Australian trial sites. These are supported by the NATA-accredited Nutrient Advantage Laboratory (50+ years of soil/plant/water data) and the Nutrient Advantage Advice (NAA) software system that turns lab data into fertiliser recommendations. The explosives side operates through Dyno Nobel, with a new initiative partnering TesMan on robotic underground blast loading.

Revenue is generated primarily through one-time fertiliser product sales to farmers, with pricing indexed to global urea (~$1,100/tonne in mid-2026) and significant government-backed procurement (PT Pupuk Indonesia, Export Finance Australia) layered on during the 2026 Middle East supply disruption. Customer segments are horizontally diversified across winter cropping, sugarcane, cotton, horticulture, and pasture/livestock producers, with go-to-market executed via direct dealer/agent channels, regional sales agronomists, and government supply frameworks.

Name

Incitec Pivot

Legal name

Incitec Pivot Pty Ltd

Website

https://incitecpivot.com.au

Company type

Private

Founded year

1915

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Incitec Pivot manufactures industrial explosives, chemicals, and fertilisers for the Australian mining and agriculture sectors, distributing enhanced-efficiency nitrogen fertilisers (eNpower, Green Urea NV, EASY N), standard urea, and phosphate products to broadacre, sugarcane, cotton, horticulture, and pasture growers via a dealer network and government-backed supply frameworks.

Ownership category

akta.pro rank

Product category

Agricultural Fertilizers

NAICS

Nitrogenous Fertilizer Manufacturing (325311), Phosphatic Fertilizer Manufacturing (325312), Fertilizer (Mixing Only) Manufacturing (325314), Fertilizer and Compost Manufacturing (32531)

SIC

Agricultural Chemicals (2870)

akta.pro primary industry

Nitrogen Fertilizers (Ammonia/Urea/UAN) (IMAEAEAA)

akta.pro secondary industries

NPK & Compound/Blended Fertilizers (IMAEAEAD), Phosphate Fertilizers (MAP/DAP/TSP) (IMAEAEAB), Liquid Specialty Fertilizers (Suspensions, Solutions, UAN Blends) (AFABACAF)

Keywords

• Nitrogen fertilizers
• Enhanced efficiency fertilizers
• Agricultural chemicals
• Agronomic services
• Crop nutrition products

Headquarters

HQ city

Southbank

HQ country

Australia

HQ region

Oceania

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. Fertiliser Product Sales: Incitec Pivot Fertilisers generates revenue primarily through the manufacture, procurement, and sale of fertiliser products including urea, compounds, blends, liquids, and specialty enhanced efficiency fertilisers (eNpower, Green Urea NV). Products are sold to Australian farmers and pastoralists through a dealer network and direct contracting. Revenue is influenced by global nitrogen/urea commodity prices, with recent supply disruptions (Middle East conflict, Strait of Hormuz closure) causing elevated pricing and increased government-backed procurement frameworks.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Incitec Pivot Fertilisers manufactures and distributes a comprehensive range of nitrogen-based fertilizers — including standard urea, enhanced efficiency fertilizers (eNpower and Green Urea NV), liquid nitrogen (EASY N / UAN), Granam, compounds, blends and phosphates — to Australian farmers, growers and pastoralists across eastern Australia. The company supports these products with NATA-accredited soil, plant and water analytical services through the Nutrient Advantage Laboratory, plus agronomy software (Nutrient Advantage Advice) and a dealer procurement platform (Fertshed).

Product overview

Incitec Pivot Fertilisers (IPF) is a comprehensive fertiliser business offering a portfolio of nitrogen-based products including standard urea, enhanced efficiency fertilisers (eNpower, Green Urea NV), liquid products (EASY N/UAN, Easy Liquids), phosphates, compounds, and blends. The product range is supported by agronomic services including NATA-accredited Nutrient Advantage Laboratory testing, Nutrient Advantage Advice software for tailored recommendations, and the Fertshed dealer ordering platform. The company operates across Queensland, NSW, Victoria, South Australia, and Tasmania with distribution centres and manufacturing sites.

Differentiator

Problem solved

Functional benefit

Brands

• Nutrient Advantage: NATA accredited laboratory providing soil, plant and water analytical services for farmers
• eNpower
• Green Urea NV
• Fertshed

Products and services

• eNpower A nitrogen fertilizer incorporating the proprietary DMP-G nitrification inhibitor, offering up to 89% reduction in ammonia volatilisation in field trials and the ability to be spread up to 14 days ahead of rain; intended for broadacre winter and summer cropping.
• Green Urea NV Urea coated with a urease inhibitor designed to reduce ammonia volatilisation losses and lock nitrogen into the soil for longer; targeted at broadacre cropping customers.
• EASY N (UAN) A liquid nitrogen fertilizer containing a 50/50 blend of urea and ammonium nitrate, supplied direct to farm via the Easy Liquids delivery service.
• Urea Standard prilled/granular urea fertilizer produced at Geelong and used as the base nitrogen product across the Incitec Pivot range.
• Granam (Sulphate of Ammonia) Sulphate of ammonia (Granam) supplied for nitrogen and sulphur nutrition, commonly used in pasture and sugarcane programs.
• Easy Liquids Direct-delivery liquid fertilizer service providing EASY N and liquid nutrition products with optional injection equipment.
• Compounds NPK compound fertilizers supplying nitrogen, phosphorus, potassium and sulphur in a single granule for broadacre cropping.
• Blends Custom fertilizer blends combining multiple nutrient sources into a tailored mix for specific crop or soil requirements.
• Humic Acid Humic acid soil amendment sold as part of the fertilizer product range.
• Phosphates / Ammonium Phosphates Phosphate and ammonium phosphate fertilizers produced from Phosphate Hill resources for cropping and pasture nutrition.
• Nutrient Advantage Laboratory A NATA-accredited analytical laboratory offering soil, plant and water testing services to growers and agronomists to inform fertilizer decisions.
• Nutrient Advantage Advice (NAA) Agronomy decision-support software used by Nutrient Advantage agronomists to build tailored fertilizer and soil-amendment plans for individual paddocks and crops.
• Fertshed An online dealer ordering platform allowing Fertshed agents and dealers to place orders 24/7 for Incitec Pivot fertilizer products.

Quantifiable outcome

• Green Urea NV reduces ammonia volatilisation losses by up to 89% compared to standard urea; average reductions of 77%, 82%, and 76% for June, July, and August applications respectively across 19 trial sites in Southern Australia.
• +3 more outcomes

Named customers1 record

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core, flagship and minor.

• TesMancoreStrategic or Co-development Partner · 26 May 2026TesMan and Dyno Nobel (the parent company of Incitec Pivot Fertilisers) formed a partnership to develop robotic remote loading technology for underground mining blast operations. The collaboration integrates TesMan's robotic platforms capable of navigating confined underground headings with Dyno Nobel's explosives products and blast design expertise to create a unified blast cycle management system. Sudbury, Ontario serves as the primary development and testing hub. The partnership targets the convergence of digital blasting systems and robotic deployment platforms.
• PT Pupuk Indonesia Holding Co. (Pupuk Indonesia)flagshipStrategic or Co-development Partner · 16 April 2026Incitec Pivot Fertilisers entered a government-backed supply agreement with PT Pupuk Indonesia to purchase 250,000 tonnes of agricultural urea to fill supply gaps caused by disruptions from the war in Iran. The deal was facilitated by both the Australian and Indonesian governments and is backed by the Albanese Labor Government's $7.5 billion Fuel and Fertiliser Security Facility. The first shipment of 47,250 tonnes arrived in Brisbane on the MV Medi Luna in June 2026. This covers approximately 20% of Australia's remaining winter crop fertiliser needs.
• Ridley Corporation LimitedflagshipStrategic or Co-development PartnerRidley Corporation Limited is the parent company and owner of Incitec Pivot Fertilisers (a business of Dyno Nobel Limited). Ridley provides corporate governance, strategic direction, and capital investment (e.g., the $5 million UAN storage expansion at Port Adelaide and Portland). Incitec Pivot represents the fertiliser division of Dyno Nobel, which also operates the Dyno Nobel explosives business.
• Phosphate Hill (Domestic Australian Producer)coreStrategic or Co-development PartnerIncitec Pivot Fertilisers holds an exclusive ammonium phosphate offtake agreement with Australian producer Phosphate Hill. This domestic supply arrangement has become particularly important given global supply constraints from the Strait of Hormuz closure affecting imports from the Arab Gulf. Phosphate Hill supplies phosphate products for the Australian planting season.
• CSBP and Summit FertilizercoreStrategic or Co-development PartnerAlong with Incitec Pivot, CSBP and Summit Fertilizer are the three fertiliser importers partnering with the Australian government under Export Finance Australia arrangements. Together, the three companies have been the beneficiaries of government-backed urea procurement to secure supply for Australian farmers during the Middle East conflict period.
• Fertiliser AustraliaminorStrategic or Co-development PartnerIncitec Pivot works with Fertiliser Australia as the industry body providing a single voice to government. This engagement has yielded positive outcomes including fast-tracking of import testing and approvals and the establishment of a Fertiliser Task Force to address supply challenges.

Scale indicators8 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Summit Fertilizers: Australian fertiliser manufacturer and importer with a strong WA footprint and expanding eastern presence; co-partner in the EFA-backed supply framework and a direct competitor in compounds, urea, and blends.
• Nutrien Ag Solutions: Largest ag retailer in Australia; competes head-to-head with IPF in eastern Australia on urea, compound fertilisers, blends, and agronomic services through its Loveland and proprietary crop nutrition lines.
• CSBP (Wesfarmers Chemicals, Energy & Fertilisers): Western Australia's dominant fertiliser manufacturer and supplier, and co-beneficiary of EFA-backed urea procurement alongside IPF. Overlaps directly on NPK compounds, urea, and ammonium phosphates for Australian broadacre.

Broad incumbents

• Yara International: Global nitrogen fertiliser leader producing urea, UAN, and compound NPK; competes with IPF in the Australian specialty and compound segments and is a global benchmark for nitrogen pricing that sets the price level IPF indexes to.
• CF Industries: One of the largest global nitrogen producers (granular urea, UAN, ammonium nitrate); a key global supplier whose pricing and export volumes influence urea availability and price in Australia, and a competitor for EEF distribution deals in the region.
• Compass Minerals: Produces sulphate of potash, micronutrients, and other specialty plant nutrition products sold into broadacre and horticulture in Australia; overlaps with IPF in specialty blends and soil amendments.
• EuroChem Group: Vertically integrated global nitrogen, phosphate, and potash producer; competes with IPF in compound fertilisers and increasingly in specialty/EEF categories in international markets.
• OCI Global: Major global nitrogen and methanol producer with significant urea and UAN export capacity; a relevant upstream competitor for Australian urea import contracts and pricing benchmarks.
• ICL Group: Global specialty fertiliser and potash/phosphate producer; competes with IPF in compound fertilisers, specialty plant nutrition, and controlled-release products across Australia and New Zealand.

Others

• Orica: Australian-headquartered global leader in commercial explosives and blasting systems; sits inside the same Dyno Nobel / Ridley ecosystem historically and is comparable in Australian industrial footprint, though it serves mining rather than agriculture and is a sister business more than a direct competitor.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/IPFertilisers
• LinkedInlinkedin.com/company/incitec-pivot-fertilisers-pty-ltd
• Xx.com/IncitecPivotLtd

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Incitec Pivot