Dmitry Mazepin’s Uralchem increased its stake in Uralkali from 46.4 percent to 81.5 percent after buying out a portion of a partners’ share, according to Bloomberg, citing a regulatory filing. Rinsoco Trading, owned by Dmitry Lobyak, cut its stake in Uralkali from 53.6 percent to 18.5 percent, the filing shows. The deal was funded with Sberbank loan, according to a statement by Uralchem.
Mitsubishi Heavy Industries Ltd. (MHI), Tokyo, recently reported that it has completed a capital investment in Monolith Materials Inc, Lincoln, Neb., which is planning a 275,000 mt/y carbon-free ammonia plant in Hallam, Neb. Monolith technology converts natural gas into carbon black and co-product hydrogen, with the latter expected to be used for ammonia production (GM Oct. 9, p. 1).
In other news, MHI reports that it plans an investment in H2U Investments, which is pursuing green hydrogen and ammonia development in Australia.
