Incitec Pivot to decide on proposed US ammonia plant by June

27 September 2012 14:59  [Source: ICIS news]

LONDON (ICIS)--Australian fertilizer producer Incitec Pivot Ltd (IPL) will decide by June whether to proceed with plans for an $800m (€621m) ammonia plant in Louisiana, the company said on Thursday.

The proposed new facility in Louisiana would produce 750,000 tonnes of ammonia per year, of which an estimated 35-50% would be exported through the Port of New Orleans.

A spokesman for the Melbourne-headquartered firm said the plant would take around two years to build and so would not commence production until 2016 at the earliest.

He added a feasibility study into the major project will end in the next few months and the company expects to make a final decision on the project by the end of June.

($1 = €0.78)

By: Richard Ewing
+44 208 652 3214

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