ADNOC and OCI form joint venture
The partnership sees ADNOC combine its fertilizer business, ADNOC Fertilizers, into OCI’s Middle East and North Africa nitrogen fertilizer platform. ADNOC and OCI will own a 42% and 58% stake in the JV respectively.
Nitrogen
Argus and IFDC collaborate on Africa fertilizer markets
Argus Media has announced that it has signed a collaboration agreement with the International Fertilizer Development Center (IFDC).
EuroChem signs cooperation agreement with Sberbank and SUEK
EuroChem Group AG has announced the signing of a memorandum of understanding to create new business technologies and practices with leading Russian financial institution Sberbank and coal producer SUEK.
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EuroChem opens new US$1 billion ammonia plant in Kingisepp, Russia
EuroChem Group AG has opened a new ammonia production plant, EuroChem Northwest, in Kingisepp, Russia. The plant has the largest single-train production capacity in Europe, at 1 million tpy.
Urea boosted by high upgrading margins, Argus Media report
Argus Media is reporting that weak ammonia prices have raised the upgrading margins on urea production to their highest since 2012.
Dorogobuzh supports Smolensk farmers
Dorogobuzh, an Acron Group company, donated 1000 t of mineral fertilizers to farmers in 23 districts of Smolensk region received free of charge in 2019.
Acron holds annual general meeting
The shareholder meeting on 30 May 2019 approved Acron annual report, financial statements and profit and loss distribution for 2018.
DuPont announces board approval of US$2 billion share buyback programme
The DuPont board formally approved the US$2 billion share buyback programme and the DuPont pro forma financial information has been filed with additional segment level pro forma information anticipated in the near future.
CF Industries’ Dennis Kelleher to retire as Chief Financial Officer
CF Industries Holdings, Inc. has announced that Dennis Kelleher, Senior Vice President and Chief Financial Officer, has informed the company he will retire from CF effective 1 September 2019.
More Nitrogen news
Polish fertilizer output continues rise, reports Argus Media
Argus Media is reporting that Polish fertilizer production continued to rise strongly on the year in April, government data show.
Board changes at EuroChem Group
EuroChem Group AG has announced the election of Petter Ostbo to the board of directors.
New 60 000 tpy melamine complex for Eurotecnica
JAMG Group’s Shanxi Jinfeng Coal Chemical Co., Ltd and Proman Group’s Milan-based Eurotecnica Company have come to an agreement for the implementation of a 60 000 tpy melamine project.
Acron Group releases consolidated IFRS financial statements for 1Q19
Acron Group’s 1Q19 International Financial Reporting Standards (IFRS) net profit has gone up 82% to US$133 million.
GEA appoints new chief financial officer
Marcus Ketter is the new chief financial officer of GEA Group Aktiengesellschaft. His predecessor, Helmut Schmale, left the company on 17 May 2019, after more than 10 years in this position.
Uzbekistan and Germany announce chemical plant
The Republic of Uzbekistan and Germany have announced plans to construct a new chemical complex for the increased production of fertilizers in Samarkand, Uzbekistan.