BERLIN (ICIS)–Greg Cochran, CEO of Reward Minerals, accepts his company is “playing catch-up” in the race to be first to market with sulphate of potash (SOP) fertilizer drawn from Australia’s dry, brine-rich lakebeds, but he is nonetheless confident it can compete, thanks to “natural competitive advantages”.
SIEMENS will launch a demonstration project in the UK today to showcase the potential of using ‘green ammonia’ for energy storage.
IFC, a member of the World Bank Group, today announced a new $1 billion debt financing for Indorama Eleme Fertilizer & Chemicals Limited, Nigeria (a subsidiary of Indorama Corporation), for the construction of a new fertilizer line that will expand its capacity of urea fertilizer to more than 2.8 million tons.
Growers who didn’t move fast to secure fertilizer for 2019 likely will pay more for not seizing the day. Price increases rumbled through the market last week just as retailers started posting prices again.
Under a memorandum of understanding (MOU) signed at Achema on Tuesday, Simon India will provide engineering, procurement and construction (EPC) services for a 200,000 t/y dicalcium phosphate (DCP) plant to be built by Ecophos (Louvain-la-Neuve, Belgium) in Gujarat, India.
OCP S.A (“OCP” or the “Company”), a global fertilizer player, and Fertinagro Biotech, S.L. (“Fertinagro”), a Spanish company which manufactures and supplies a wide range of plant nutrition solutions, are pleased to announce that they have signed definitive agreements under which OCP would acquire 20% of Fertinagro by way of a capital increase.
Board chairman Shingi Mutasa
SABLE Chemicals company is considering setting up a $200 million new ammonia and urea plant at its Kwekwe base, management has indicated.
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LSB Industries Inc. has announced that the ammonia plant at its El Dorado, Arkansas, US, chemical facility was taken offline on 4 June 2018 due to a power failure at the facility.
Haldor Topsoe announced that it has initiated a search process to find a potential investor in order to accelerate growth. It is the intention to list the shares in the company at a later time. Haldor Topsoe Holding A/S will remain the long-term majority shareholder.
Growers looking to book fall nitrogen need to sharpen their pencils – and perhaps dust off their crystal balls. Dealers should be putting out updated prices sheets soon though tumultuous grains markets are creating plenty of turbulence. With costs for other nutrients on the rise, leftover supplies could offer at least a little bargain for those with on-farm storage.
LONDON (ICIS)–EuroChem has signed a take-or-pay offtake agreement with Australia’s start-up Danakali for volumes from the latter’s Colluli sulphate of potash (SOP) project in Eritrea, the Russian fertilizers major said on Tuesday.
Parties to the facility include Itafos, as the borrower, its wholly-owned subsidiaries, Itafos Brazil Holdings, Itafos International Holdings Cooperatie UA, Itafos Ltd, Itafos II LP and Itafos Conda Holdings, as the guarantors, CL Fertilizers Holding LLC (formerly known as Zaff LLC) (CLF), funds managed by BlackRock Financial Management Inc. and its affiliates, and a syndicate of other lenders, as the lenders, and Cortland Capital Market Services LLC, as the administrative agent (the agreement).