04 January 2012 17:29 [Source: ICIS news]
HOUSTON (ICIS)--California-based Rentech Nitrogen Partners has secured a bridge loan of up to $40m (€31m) from parent company Rentech for the expansion of an ammonia plant in Illinois, the company said on Wednesday.
The project is expected to increase ammonia production capacity by approximately 23%, or 70,000 tons/year (63,500 tonnes/year), at the plant in East Dubuque, Illinois. The project also includes an additional 20,000 ton ammonia storage tank.
The expansion will bring Rentech Nitrogen’s annual ammonia production capacity to approximately 370,000 tons/year, and will increase on-site ammonia storage capacity to 60,000 tons.
The additional production is expected to be sold primarily as ammonia, but will also be available for upgrade to other products such as urea and diesel exhaust fluid (DEF).
Work related to the expansion will result in various upgrades to the facility, including an approximately 50% increase in ammonia loading capacity and upgrades to controls at the ammonia and urea plants.
Capital expenditures for the expansion are expected to total approximately $100m, of which approximately $20m relates to the construction of the additional on-site ammonia storage tank. The project is anticipated to be completed by the end of 2013.
($1 = €0.77)
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