The company is ramping up potash production capability to 18 million t by 2025 and is planning for approximately US$2 billion in additional share repurchases in 2022.
More Nitrogen news
The company has informed customers it serves by Union Pacific rail lines that railroad-mandated shipping reductions would result in nitrogen fertilizer shipment delays during the spring application season.
Production has resumed at Incitec Pivot's Waggaman ammonia plant in Louisiana, US, following an incident in February.
The Commerce Department has said it will begin requiring Russians and Belarusians to get a special licence when seeking to obtain a host of goods from US suppliers, including fertilizer and chemicals, and pledged to deny those licences.
The transaction involves the offering by the Iowa Finance Authority of up to approximately US$854 million Midwestern Disaster Area Revenue Refunding Bonds (Iowa Fertilizer Company Project), Series 2022, the proceeds of which will be loaned to IFCo to refinance, together with OCI's available resources, the Iowa Finance Authority Midwestern Disaster Area Revenue Bonds (Iowa Fertilizer Company Project), Series 2013 and Series 2018A and B.
KBR has won an ammonia technology contract from DL E&C for NeuRizer's (formerly Leigh Creek Energy Ltd) carbon-neutral fertilizer project in Australia.
The agreement with Teal allows Trammo to secure a supply and offtake of 800 000 t of green ammonia from an ammonia production plant to be built on prime industrial land in Sept-Iles, Quebec, Canada.
China Blue Chemicals has received a brand new high-pressure stripper made from Safurex® to replace their equipment.