13 March 2013 17:30 [Source: ICIS news]
The Canadian producer had announced in February 2011 that it was commencing the restarting process and had anticipated that the plant would be operational within 18 months, but that date was set back when the company announced in 2012 that the plant needed more structural repairs.
A company source said on Wednesday that, because of the continuing decline in natural gas prices, it is now economically feasible to begin producing the vital crop nutrient at the previously idled facility. It was revealed that the cost to bring the plant back into operation was $260m.
The source said the facility is working at its production capacity of 1,500 short tons/day at present, although its operating rates will fluctuate as common start-up glitches are resolved.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections