Yara postpones Canadian plant expansion project

Yara postpones Canadian plant expansion project

5:34 AM, 15th June 2013
Yara postpones Canadian plant expansion project
Jorgen Ole Haslestad, President and Chief Executive Officer, Yara International ASA.

OSLO, NORWAY: Yara International ASA is postponing the planned expansion project at its production plant in Belle Plaine, Canada. Yara views the Belle Plaine site as an optimal location for a future North American nitrogen expansion, but will spend more time evaluating construction cost development and other key project parameters.

“We are not ready to initiate a Belle Plaine expansion today, primarily due to recent increases in construction cost both in Canada and North America generally. There is also a significant risk of future nitrogen over-supply in North America as new project initiatives are announced, despite deteriorating project profitability,” said Jorgen Ole Haslestad, President and Chief Executive Officer, Yara International ASA.

“Yara’s growth options remain significant, including a number of opportunities for profitable investments in value-added product capacity, downstream facilities and plant de-bottlenecking projects. We also expect to find profitable commodity nitrogen growth opportunities going forward, and a future Belle Plaine expansion remains an option for Yara when the construction cost situation improves,” added Jorgen Ole Haslestad.

© Worldofchemicals News

Find the latest chemical industry events, chemical international exhibition, chemical fairs, trade shows, chemical exhibition at https://www.worldofchemicals.com/media/event/index.html

0 Comments

Login

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


Codexis, Chemtex JV for cellulosic detergent alcohols production

REDWOOD CITY, US/TORTONA, ITALY: Codexis and Chemtex have successfully scaled-up the production of CodeXol detergent alcohols using cellulosic sugars. ...

Read more
Explosion at Williams’ Geismar facility kills one, injures eight

TULSA, US: Explosion and fire at Williams’ Geismar, Louisiana, US facility killed one and injured eight people. The fire has been extinguished a ...

Read more
Clariant, Wison, Foster Wheeler JV for pilot plant in China

MUTTENZ, SWITZERLAND: Clariant has signed a long-term cooperation agreement with Wison Engineering Ltd and a subsidiary in Foster Wheeler’s Glob ...

Read more
Sipchem signs loan agreement with Public Investment Fund

RIYADH, SAUDI ARABIA: International Polymers Company (IPC), an affiliate of Saudi International Petrochemical Company (Sipchem), has signed a financin ...

Read more
Myriant, JM Davy produce bio-butanediol, tetrahydrofuran from bio-succinic acid

QUINCY, US/LONDON, UK: Myriant Corporation and Johnson Matthey - Davy Technologies (JM Davy), announced the successful production of bio-butanediol (B ...

Read more
Technip bags biomass-to-liquid plant contract in Finland

PARIS, FRANCE: Technip was awarded by Forest BtL Oy a contract, worth approximately €5 million, for the front-end engineering and design (FEED) o ...

Read more
www.worldofchemicals.com 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