Yara proceeds with fertilizer expansions in Norway, Canada

11 June 2012 12:46  [Source: ICIS news]

LONDON (ICIS)--Yara International will proceed with expansion projects at its fertilizer facilities in Porsgrunn, Norway and Belle Plaine, Canada, the company said on Monday.

In Porsgrunn, Yara will invest approximately Norwegian kroner (NKr) 300m ($50m, €39m) to increase nitrogen, phosphorus and potassium (NPK) capacity by 300,000 tonnes. The project will be implemented with a gradual step-up in capacity from 2012 to completion in 2014, Yara added.

“The Porsgrunn expansion marks an important step in our value-added fertilizer growth plans, driven by increasing demand for high-quality NPK fertilizer for cash crop markets outside Europe," said Jorgen Ole Haslestad, president and CEO of Yara.

The Belle Plaine expansion will comprise an integrated world scale ammonia and urea line with a urea capacity of approximately 1.3m tonne/year. Financial details of the Belle Plaine expansion, which is expected to start-up in second half of 2016, were not disclosed.

Part of the urea produced will be with sulphur, which will meet the increasing demand from the canola crop segment in the Northern Plains region, Yara added.

"Taking advantage of the excellent location of our existing Belle Plaine facility in Canada, we will increase our presence and scale in the North American market by more than doubling our capacity at the site,” said Haslestad.

 ($1 = NKr6.06/ €1 = NKr7.63)

By: Franco Capaldo
+44 (0)20 8652 3214

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