An article in yesterday’s Business Standard (New Delhi, India) is the first I’ve seen to get Ashwin Muthiah to acknowledge that he’s the sponsor of AM Agrigen’s $1.2 billion greenfield in Killona, Louisiana. (I posted this information for my members back in July 2014.)
“Muthiah confirmed there was a proposal to set up a plant in the US but declined to give details. Sources close to the company said the move was an attempt by the MA Chidambaram group scion to chart a new and distinct course for the group he had inherited.
Sources said construction of the plant was likely to begin in the last quarter of 2015 and be completed in about 30 months. AM Agrigen Industries plans to tap a mix of global investors, apart from roping in companies with which it will have offtake agreements for ammonia to fund the project. The bulk of the investment will come from the group’s holding company, AM International.”
In other news: AM Agrigen now has a draft air permit, pending approval after the public comment period, which ends next week. The permit documents include details of technology licensors, construction schedule, and project capacity – which I summarize on my page for Killona, LA.