Incitec Pivot defers developing ammonium nitrate unit at Newcastle site
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Incitec Pivot defers developing ammonium nitrate unit at Newcastle site

7:14 AM, 27th September 2012
Incitec Pivot defers developing ammonium nitrate unit at Newcastle site

VICTORIA, AUSTRALIA: Incitec Pivot Limited (IPL) has suspended its feasibility study on the development of an ammonium nitrate manufacturing complex at its Kooragang Island Site in Newcastle, New South Wales.

The decision on whether to proceed with the development has been deferred for at least two years, reflecting the anticipated reduction in demand for ammonium nitrate and the high cost of construction in Australia. At this time, the project has not met IPL’s strict financial hurdles. The $17 million cost of the feasibility study will be expensed in the 2012 financial year.

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