Yara’s TAN plant project at Burrup, Australia delayed

Yara’s TAN plant project at Burrup, Australia delayed

10:25 AM, 1st June 2011
Yara’s TAN plant project at Burrup, Australia delayed

 

OSLO, NORWAY: The construction of a 330,000 ton per annum technical ammonium nitrate (TAN) plant at Burrup, Australia is delayed due to the present uncertainty around the decision-making ability of the Board of Burrup Holdings Ltd.

In 2008, Burrup Holdings Ltd and Pankaj Oswal assumed obligations which ensured the TAN project would be developed with Yara and which established the key terms upon which the project will proceed. Since that time, Yara has been working hard to develop the TAN project, which would represent significant development and value creation for downstream processing in Western Australia.

Yara recently invited all stakeholders, including Oswal, to consider this attractive investment opportunity, but Oswal did not support the project. Given the present uncertainty around the decision-making ability of the Burrup Board, approval of the TAN project has been delayed. Yara is disappointed that the Board of Burrup Holdings has been unable to make a positive resolution.

© WOC News

 

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


Mitsubishi Rayon and SABIC to jointly build MMA, PMMA plants

  The company informed the new MMA plant will be the largest ever built, with a 250,000 metric ton annual capacity.   TOKYO, JAPAN: Mits ...

Read more
China to ban Bisphenol A in infant feeding bottles

  BEIJING, CHINA: The ministry of health, China, as well as five other governmental bodies, issued a joint public health notice on 30 May, 2011, ...

Read more
Air Products signs two agreements to move Texas CSS project forward

PENNSYLVANIA, US: Air Products has signed agreements with Valero Energy Corporation and Denbury Onshore LLC to proceed with a planned carbon capture a ...

Read more
Brenntag acquires regional distributor in US

MULHEIM AN DER RUHR, GERMANY: Brenntag has completed acquisition of G S Robins & Company, a leading regional distributor of industrial chemicals h ...

Read more
Solvay, Korean university joint venture for R&D centre

Solvay invests € 13 million in research, development and technology (RDT) centre, which is focusing on high-growth markets such as electronics, l ...

Read more
Tosoh posts increase in profits

  TOKYO, JAPAN: Tosoh Corporation announced its consolidated results for the 2011 fiscal year, ended March 31, 2011. The company’s consoli ...

Read more