IFFCO expects Quebec approval for fertilizer project next year

06 September 2013 16:30  [Source: ICIS news]

TORONTO (ICIS)--Indian Farmers Fertiliser Co-operative (IFFCO) expects to receive Quebec government approval for its planned joint-venture urea fertilizer project in Becancour, northeast of Montreal, early next year, and it will then begin construction work, a company spokesman said on Friday.

"Our target for beginning construction is next year," Yvan Martin said.

Quebec’s environmental agency BAPE is due to submit a report on the Canadian dollar 1.2bn ($1.15bn) project before the end of the year. After that, the Quebec government is expected to issue a "certificate of authorization" to allow for construction to begin.

Martin added that he could not immediately comment on the plant’s natural gas supplies.

According to a Canadian media report, Quebec could see constraints in gas supplies if energy infrastructure firm TransCanada gets permission to convert some of its gas pipeline capacity to oil as part of a 1.1m bbl/day west-to-east oil pipeline project to supply refiners in Canada’s east with oil from Alberta.

IFFCO plans to build the plant in a joint venture with Quebec agricultural cooperative La Coop federee. The facility could have an annual capacity of 1.3m to 1.6m tonnes, and it could start up in 2017, according to information on IFFCO’s website.

The plant is one of a number of planned gas-based fertilizer projects in North America.

($1 = C$1.04)

By: Stefan Baumgarten
+1 713 525 2653

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