Eurochem plans Louisiana N complex
Russia’s Eurochem has announced plans to build a $1.5 billion ammonia and urea complex in Louisiana. The company is looking at two sites, one is Iberville Parish and another in St. John the Baptist Parish. Both are on the Mississippi River and the company hopes to make a selection within the next year.
While EuroChem is active in supplying the U.S. market, this would be its first production facility in the U.S. The company said the Americas accounted for about a quarter of its sales in 2012.
The State of Louisiana has offered EuroChem an incentives package which includes a $6 million performance-based grant to offset the costs of site infrastructure improvements.