I'm calling it quits for one of the major nitrogen greenfields in the US.
Local newspapers reported two pieces of very interesting news at the end of last week, regarding the pipeline of proposed ammonia plants in the US.
Idaho DEQ issued the air permit to Magnida yesterday, for its greenfield plant in American Falls, ID.
They estimate total costs of $1.5 billion (although they’re still awaiting bids from KBR and Bechtel), with a capital structure of one third equity to two thirds debt. They say they already have the $500 million equity … Read more