All Posts from December 19, 2013

Tampa ammonia rolls over

The Tampa ammonia price for January is rolling over at $450/mt CFR sources confirmed Dec. 19.

Idaho N project gets funds to restart development

Houston-based Magnolia Nitrogen Idaho, also known as Magnida (GM May 27, p. 13), has secured the capital needed to restart developing a $1.5 billion nitrogen fertilizer plant near American Falls, Idaho, the company’s new CEO assured Power County residents in a Dec. 10 letter. Construction is set to start in 2014 with completion anticipated in 2017. More details will appear in the next Green Markets.

Canpotex to supply 1 M mt to China

Sinochem Fertilizer Macao Commercial Offshore Ltd. reports that it has agreed to take 1 million mt of potash from Canpotex in 2014, with prices still to be negotiated. PotashCorp CEO Bill Doyle has indicated that he expects those to be concluded by the end of January.

OVR contracts with Chinese firm for N project

Ohio Valley Resources LLC (OVR), Fairfield, Ill, has entered into a Memorandum of Understanding (MOU) with Chinese-owned Tierra Del Fuego Power & Chemical Co. Ltd. (TEQSA) for the development of the proposed nitrogen fertilizer plant in Spencer County, Ind., north of Rockport. The focus of the MOU is to provide equity financing for the project construction while retaining the US-based management and operations team assembled by OVR.

“The MOU provides for a mutually-beneficial arrangement to move the project forward with the existing team members and an equity investment from a credible, well established international partner,” said OVR President/CEO Doug Wilson. “Representatives from TEQSA have toured the site and have obtained shareholder approval to proceed with the development of the project.”

OVR and TEQSA have together selected Sinopec Engineering, Inc. (SEI), together with a US-based global engineering firm, to execute the front-end engineering design (FEED) and the detailed engineering, procurement and construction (EPC) of the plant. SEI is a leading engineering and construction services company with extensive experience in the chemical and petrochemical industries. For more information, http://new.sei.com.cn/html/gsgk/gsgk_fzlc.asp.

The facility is expected to produce ammonia and urea ammonium nitrate (UAN) solution for fertilizer. Some of the ammonia production will serve the local utility markets for NOx control (known as selective catalytic reduction units or SCRs), which reduces emissions in coal-fired power plants and industrial facilities. In addition, the plant will produce diesel exhaust fluid (DEF), a urea solution used to reduce emissions in diesel engines.

Approximately 1,200 workers will be needed to construct the plant during a three-year period. Upon its projected completion in 2017, the facility will employ approximately 80 full-time workers.