EuroChem Group AG reports that it has selected a site in St. John the Baptist Parish for its contemplated Louisiana natural gas-based nitrogen plant and distribution center.
Two locations were short listed among available properties including the property in St. John the Baptist Parish and a state-owned site in Iberville Parish, which was purchased by EuroChem in 2013.
While a final investment decision remains subject to EuroChem board approval, finalizing the purchase agreement on the property allows EuroChem to move forward with the planning and pre-construction phase of the project.
The company plans to work with state and parish officials to secure another industrial buyer for the Iberville Parish site.
Salt and specialty fertilizer producer Compass Minerals reported first quarter net earnings of $60.6 million on sales of $393 million, up from the year-ago $50.2 million on sales of $422 million.
Plant Nutrition operating earnings were $20.8 million on sales of $73.6 million, up from $16.3 million and $66.1 million, respectively.
Intrepid Potash Inc. reported net income of $6.5 million on sales of $117 million for the first quarter ending March 31, 2015, up from a year-ago loss of $355,000 on sales of $98.9 million.
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