Finished imported NPK products are said to be affected by The Central Bank of Nigeria's announcement to cut foreign currency access for all fertilizer imports.
Acron Group, one of the leading mineral fertilizer producers in Russia and worldwide, is building two nitric acid units with a total capacity of 270 000 tpy at Veliky Novgorod-based production facility.
Bigelow will lead digital strategy and the information technology services team, which provides the advanced tools and technologies required to execute increasingly complex global infrastructure projects.
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In a meeting held on 5 December the company’s board of directors approved its 2040 Strategic Plan, part of which confirmed the company's ending of business in the fertilizer industry.
Chuck Magro, Nutrien's President and CEO, said the sale "marks the conclusion of a major deliverable for Nutrien."
Jennifer Willis-Jones, CRU Fertilizer Week, looks at possible consequences of a worsening in relations between Russia and Ukraine and its potential effect on nitrogen fertilizer trade.
The Chinese company has purchased a 23.77% share in SQM, a Chilean lithium miner, for US$4.066 billion.