15 May 2013 21:23 [Source: ICIS news]
HOUSTON (ICIS)—US-based fertilizer producer Koch Nitrogen announced on Wednesday that it is building a new urea plant at its Enid, Oklahoma facility and undergoing a revamping process of its existing production facilities.
Construction on the new plant is expected to begin in the fourth quarter of 2014 with the plant anticipated to be operational in 2016. Koch officials said the improvements on the current facility would be undertaken in stages stretching from 2014-2016.
Together the $1bn (€0.8bn) investment will allow the fertilizer producer to increase production by more than 1m short tons/year. Company officials said moving forward on the enhancements and new facility dedicated to urea demonstrates Koch’s positive outlook for the growth within the fertilizer industry.
“The investment we are making through Koch Nitrogen underscores our confidence in the future of our overall fertilizer business and our commitment to customers for the long term,” said David Robertson, president of Koch Industries.
“In addition to the significant increase in capacity, this investment will serve to improve our operational efficiency and competitive position in North America.”
Koch officials said it has selected Kansas City-based Black & Veatch for the project’s planning and procurement services while KBR of Houston will provide urea engineering and Stamicarbon of The Netherlands will supply the company with its urea synthesis and granulation technology.
($1 = €0.77)
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