Phibro acquires SG Solutions' coal gasification plant

Phibro acquires SG Solutions' coal gasification plant

5:50 AM, 21st May 2016
Phibro acquires SG Solutions' coal gasification plant

STAMFORD, US: Phibro LLC said that its affiliate Philipp Brothers Fertilizer, together with a group of investors have acquired SG Solutions' gasification plant, a clean coal gasification plant located outside of West Terre Haute, Indiana.

The plant recently produced synthetic gas and steam to fuel the adjacent Wabash River combined cycle plant owned by Wabash Valley Power Association. The Phibro Group will repurpose the plant to produce ammonia fertilizer for use in the region.

The Phibro Group plans to invest approximately $450 million into the plant to convert it to produce ammonia and is targeting a mid-2018 completion date.

Following the conversion, the plant will use petroleum coke (petcoke) sourced from Midwest refineries as a feedstock to produce ammonia. Petcoke is more economical than the natural gas many other ammonia plants use as a feedstock and will enable the plant to offer local farmers more affordable fertilizer. The acquisition and conversion of the plant, which had been scheduled to be decommissioned, will not only save existing jobs, but also create roughly 100 permanent local manufacturing jobs.

“This transaction benefits numerous stakeholder groups as it will create and save manufacturing jobs, provide the most affordable fertilizer for farmers in the area and reduce our nation's reliance on imported ammonia fertilizer. We would like to take this opportunity to thank Jay Bartlett, CEO of SG Solutions and Wabash Valley Power Association and his entire team for their support and assistance throughout this process. We look forward to commencing work on this project with our partner Quasar Energy Partners," said Simon Greenshields, president and CEO of Phibro LLC.

© 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

Evonik opens new shared financial services centre in Malaysia

SELANGOR, MALAYSIA: Evonik Industries AG opened its new shared financial services centre in Selangor, Malaysia. By providing financial services to all ...

Read more
BP sells 11.5 pc stake in Castrol India

LONDON, UK: BP Plc sells 11.5 percent stake in its Indian subsidiary, Castrol India Ltd to a range of domestic and international investors. Previously ...

Read more
Bayer sells certain parts of environmental science unit to SBM

MONHEIM, GERMANY/LYON, FRANCE: Bayer AG has signed an agreement to sell its consumer business of the environmental science unit to SBM Developpement ( ...

Read more
Clariant launches new guard for methanol synthesis catalysts

SHANGHAI, CHINA: Clariant SA has launched MegaGuard 700 catalyst guard, designed to protect methanol synthesis catalysts, such as those of Clariant's ...

Read more
Solvay, Eastman Chemical to end Primester joint venture partnership

BRUSSELS, BELGIUM: Solvay SA and Eastman Chemical Company have signed a definitive agreement to end their 50/50 cellulose acetate production joint ven ...

Read more
Flint Group acquires American Inks and Coatings in US

PLYMOUTH, US: Flint Group has acquired American Inks and Coatings (AIC) based in Pine Bluff, US. This investment is an important part of Flint Group&r ...

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