UpdateQuebec 1.2m tonne/year urea plant to start up in 2017

09 October 2012 17:49  [Source: ICIS news]

(updates throughout)

TORONTO (ICIS)--Quebec agricultural cooperative La Coop federee and The Indian Farmers Fertiliser Co-operative (IFFCO) aim to start production at their planned Canadian dollar (C$) 1.20bn ($1.24bn) urea fertilizer plant in 2017, they said on Tuesday.

Construction of the plant at Becancour, northeast of Montreal, is expected to begin in 2014, La Coop, IFFCO and Quebec’s provincial economics ministry said in a joint statement.

The ministry said it would support the project through investment agency Investissement Quebec. It did not disclose how much money it would contribute. The plant is expected to employ a permanent staff of more than 200.

According to a report by Canadian state television, La Coop federee will take off about half of the plant’s 1.2m tonne/year capacity, with the remainder to be sold on Canadian and US markets.

ICIS reported in June that IFFCO was looking for a partner to build a urea fertilizer plant in Canada.

($1 = C$0.97)


By: Stefan Baumgarten
+1 713 525 2653



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