Koch Fertilizer, Wichita, has announced plans to invest nearly $140 million at its Fort Dodge, Iowa plant to revamp existing production processes, which is expected to increase yearly ammonia production capacity by 85,000 st. Construction is scheduled to begin in 2021 and the revamped processes are expected to be fully operational by the fall 2022 season.
An announcement by SQM, Santiago, that it plans to spend some $1.3 billion in investments through 2024, includes a nitrate capacity expansion of some 250,000 mt/y. Other capacities to be expanded include lithium, iodine and solar salt.
In other news, SQM reported third-quarter net income of only $1.7 million citing a $62.5 million class action settlement booked in the quarter.
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