According to Reuters, the Asian Development Bank has approved a third loan to help improve the air quality in the Beijing-Tianjin-Hebei region of China.
The latest fertilizer news
Pinnacle Operating Corp. has released a statement announcing that Mark Pedro has been appointed Executive Vice President and Chief Financial Officer effective 1 January 2018.
Agrium Inc. has announced that it is set to acquire Louis Dreyfus Co.’s fertilizer distribution business in Australia – Macrofertil.
Following its statement on 22 November this year, Gensource Potash Corp. has announced that it has completed tranche one of the up to $1.5 million private placement financing (the offering).
Aqua-Yield has released a statement announcing that it has launched its new NanoPhos technology at the Agricultural Retailers Association at the Biltmore Hotel in Phoenix, Arizona, US.
K+S Aktiengesellschaft has announced that it has agreed a settlement with the BUND (Federation for Environment and Nature Conservation Germany) after talks at management board level.
K+S Aktiengesellschaft has announced that it will terminate potash production at the Sigmundshall site in Wunstorf-Bokeloh, Hanover Region, Germany, at the end of next year.
Verde AgriTech Plc has announced the conclusion of a pre-feasibility study for the expansions to the ongoing Super Greensand production.
DuPont Clean Technologies has announced that it has been awarded a contract by PJSC Acron for MECS sulfuric acid technology.
According to Reuters, Israel Chemicals has announced that it has swung to a profit in 3Q17, reporting its highest quarterly sales in three years.
According to Reuters, Sociedad Quimica Y Minera – a Chilean producer of lithium and fertilizer – has announced that its continuing legal dispute with Chilean authorities might not be resolved until the end of next year.
Canpotex has released a statement claiming that it is fully committed on volumes through to the end of February 2018.
Gensource Potash Corp. has announced a proposed best efforts non-brokered private placement for gross proceeds of up to $1 500 000 (the offering).
EIRICH has announced that its preparation technology, which enables mixing and granulating to be performed in a single unit, has recently been selected for use by a Turkish fertilizer manufacturer.
Vale S.A. has announced that it has entered into a quota purchase agreement with Yara International ASA to sell its fully owned subsidiary Vale Cubatão Fertilizantes Ltda.
Potash Ridge Corp. signs a Letter of Intent (LOI) with Canada Coal Inc. to enable the potential purchase, joint venture or otherwise complete transaction for the assets of Valleyfield Fertilizer Corp.
The loan is worth €428 million (US$506 million) and its purpose is reportedly to encourage the adoption of advanced technologies by major emitting industries on a large scale. These industries include transportation, power generation, heating and fertilizer production.
Reuters reports that the first two loans were approved in 2015 and 2016. Combined, they had a value of just under US$800 million, and aimed to strengthen policy reforms and regulatory capacity in Hebei province, as well as to help both small and medium sized companies scale up their investments in pollution reduction projects in the region.
According to Reuters, Lin Lu, senior energy specialist at ADB’s East Asia Department, said: “We remain committed to helping the Chinese government improve air quality and reduce pollution in the greater Beijing-Tianjin-Hebei region, where a third of the country’s economic growth comes from.”
Reportedly, the assistance provided by ADB is expected to attract approximately €1.3 billion in co-financing from both private and public sectors.