Dyno Nobel conducts study $800 million ammonia facility

Dyno Nobel conducts study for $800 million ammonia facility

6:24 AM, 24th May 2012
Dyno Nobel conducts study for $800 million ammonia facility

UTAH, US: Dyno Nobel International is doing a feasibility study to determine whether it will build an $800 million ammonia production facility in the New Orleans area. If constructed, the plant would produce 750,000 metric tonne per year at Cornerstone Chemical Company’s location on the west bank of the Mississippi River in Jefferson Parish. An ammonia plant operated at the site before closing more than a decade ago.

The study will cost $30 million. Utah-based Dyno Nobel will announce its decision next year. According to Simon Atkinson, President, Dyno Nobel International, if built, the project would create 60 new permanent jobs, averaging $58,000 annual salaries.

© Bloomberg News





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