Borealis, Agrifos jointly develop ammonia plant in US

Borealis, Agrifos to jointly develop ammonia plant in US

5:04 PM, 21st May 2015
Borealis, Agrifos to jointly develop ammonia plant in US

VIENNA, AUSTRIA: Borealis AG and Agrifos Partners LLC, a project development company, said that they have agreed to jointly develop a world-scale ammonia project through Gulf Coast Ammonia LLC (GCA) - the company formed by Agrifos to develop an ammonia plant along the Texas Gulf Coast. The plant will be located within an existing chemical site along the Texas Gulf Coast. GCA is in final negotiations with a short list of strategic site owners and expects to make a final site selection within the coming few months.

The brownfield, hydrogen-based project is scheduled for mechanical completion and start-up in early 2019. Borealis would also enter into a long-term offtake agreement for approximately 40 percent of the ammonia produced by the plant.

“By participating in the development, construction and offtake from a world-scale project in the US, Borealis is able to secure long-term supplies of ammonia based on the attractive economics of US natural gas. It also is a key step in the Borealis goal to sell 10 million tonne of nitrogen-based fertilizer products per year by 2020,” said Markku Korvenranta, executive vice president, base chemicals, Borealis.

GCA has engaged Macquarie Capital to serve as its financial advisor for the arrangement of a non-recourse project financing and Vinson & Elkins LLP as legal counsel.

© Worldofchemicals News



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Mesoporous particles used in drug delivery system safe for human bodies

IBARAKI, JAPAN: A research group has succeeded in developing porous particles (mesoporous particles) consisting solely of phospholipids, a biological ...

Read more
DSM, NHU form polyphenylene sulphide compounding JV in China

SINGAPORE: Royal DSM and NHU said they have formed a joint venture company DSM NHU Engineering Plastics (Zhejiang) Co Ltd for market development and m ...

Read more
Manali Petro plans polyols capacity expansion in India; to invest INR 1 bn

CHENNAI & MUMBAI, INDIA: Producer of propylene oxide, propylene glycols and polyols Manali Petrochemicals Ltd (MPL) said it plans to increase its ...

Read more
Scientists describe a new method to produce opium at home

MONTREAL, CANADA: Moonshiners and home-brewers have long used yeast to convert sugar into alcohol. New research shows that those methods could also be ...

Read more
New test detects drug use from a single fingerprint

GUILDFORD, UK: Researchers have demonstrated a new, non-invasive test that can detect cocaine use through a simple fingerprint. For the first time, th ...

Read more
Jacobs bags additional contract from Bristol-Myers Squibb in Ireland

PASADENA, US: Jacobs Engineering Group Inc said that it received a contract from Bristol-Myers Squibb Company to provide construction management servi ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X