Phibro LLC, Stamford, Conn., which recently re-entered the fertilizer business (GM Jan. 29, p. 17), has acquired an idled coal-gasification plant from Wabash Valley Power Association near West Terre Haute, Ind., with plans to upgrade the facility to a petcoke-based anhydrous ammonia plant, according to a Bloomberg News interview with Phibro CEO Simon Greenshields. The company is expected to invest some $450 million to make the upgrade. Phibro and Wabash had not responded to inquiries at the time of this alert.
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