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Terra Nitrogen releases 4Q17 results

Terra Nitrogen Co. L.P. has released its results for 4Q17, reporting net earnings of US$49.4 million on net sales of US$97.5 million.

 

Senior appointment at K+S

K+S Aktiengesellschaft has announced that Frauke Riva has been appointed the new Head of Corporate Communications.

15 Chinese provinces implement no-development areas

According to Reuters, the Chinese government has approved plans by 15 different provinces and regions to draw up ‘red lines’ that will prevent economic development in large areas of land.


Crushed to Size

Don Griep, Ludman Industries, USA, looks at the importance of finding a roll crusher that delivers consistent on-size product.

 

Europe in Focus

Cole Martin, BMI Research, UK, presents an overview of the European fertilizer landscape in the coming years.

 

KBR dividend declaration

KBR Inc. has declared a quarterly cash dividend of US$0.08 per share on the company’s stock to be paid on 13 April 2018 to stockholders of record on 15 March this year.

 

TNCLP reports exercise of right to purchase common units

Terra Nitrogen Co. LP has announced that Terra Nitrogen GP Inc. has elected to exercise the right to purchase all issued and outstanding common units representing limited partner interests in TNCLP not already owned by TNGP or its affiliates.

 
 
 
 

Mosaic announces senior leadership change

Mosaic Co. has announced that Rich Mack will step down as Executive Vice President and Chief Financial Officer and officially leave the company in May this year.

 
 

Encanto Potash Corp. files project information

Encanto has filed the requested project information in advance of its application for supplemental funding across various government departments led by Indigenous and Northern Affairs Canada.

 
 
 

Nutrien CEO speaks at CIBC investor conference

According to Reuters, the CEO of Nutrien Ltd has spoken at a CIBC investor conference in Whistler, British Columbia, Canada, providing an update on the company’s activities and plans.

 
 
 
 

 

Upcoming fertilizer events

 
 

 

Ecophos and Chanhen sign joint venture agreement

Ecophos has announced that it has signed an agreement with Guizhou Chanhen Chemical Corp. to establish a sino-foreign equity joint venture (JV), Chaneco Co. Ltd.

Ecophos will provide the technology for the construction of a green multi resources recycle industrial park located along the Yangtze river in Songzi, Hubei Province, China.

Once completed, the investment will be worth 5 billion RMB, and will process 2.2 million tpy of low grade phosphate rock into 400 000 t of high quality feed phosphate, 100 000 t of food grade phosphoric acid, 300 000 t of water soluble fertilizer, and 1.5 million t of high purity gypsum. Ecophos claims that the estimated annual sales will be approximately 6 billion RBM.

The JV will serve local and regional demand for specialty feed and fertilizer phosphates, and will address the need for high quality gypsum of Chinese construction and ceramic industries.

According to the statement, manufacture will be based on Ecophos-developed technologies that will maximise the value of the raw phosphate mineral obtained directly from the mine, and allow the production of pure gypsum. The project is in alignment with the strategy of the 19th Chinese National Party Congress, as well as the COP21 that advocate the implementation of innovative technologies in order to preserve the environment and use resources sustainably. This project addresses the burden of traditional phosphate processing: phosphogypsum and polluting emissions. It will allow improvement in yield and quality of end products.

Li Jin, Chairman of Chanhen group, said: “Ecophos and Chanhen will launch this exclusive cooperation in China and Southeast Asia, working together to create a new future for China’s green cycle of phosphorus industry.

“We are facing severe challenges in clean and sustainable development, and the phosphorus industry is in urgent needs of new green technologies to change the status quo.”

Mohamed Takhim, CEO of Ecophos, added that: “with the right partner (Chanhen) that shares the same values and support from the Chinese government with land, permits, utilities, port infrastructure and raw materials, Chaneco can become the market leader in China. The signature of this JV agreement is an important step in the realisation of Ecophos’ international growth strategy.”

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