Agrium suspends greenfield plant and Redwater expansion

The Borger expansion, however, is still under assessment. I’ve downgraded the likelihood of both the Midwest greenfield and Redwater expansion projects to “Dead.”

See Agrium’s press release from 06/03/2013:

Agrium … has decided to suspend engineering development on its U.S. nitrogen greenfield project and focus efforts on attempting to secure a strategic partner and a gas contract for the project at this time. The total projected cost for the planned facility, with total production capacity of about 1.8 million product tonnes, is estimated to approach $3-billion [USD]. A decision on the brownfield expansion at our Borger Texas facility is still expected in the second half of 2013.

Leave a Reply

Your email address will not be published. Required fields are marked *