In May 2016, Phibro announced that it was going to invest $450 million to open a half million ton per year ammonia plant in Indiana. There's been precious little news about the project since then, but a lack of news doesn't mean that nothing is happening.
UPDATED: 02/19/2018 — see Change Log
OWNER: Philipp Brothers Fertilizer (Phibro LLC / Energy Arbitrage Partners)
PROJECT: Ammonia plant conversion
SUMMARY STATUS: Planning Phase
In January 2016, investors announced plans to re-establish Phibro, the storied commodities trader. Five months later, in May 2016, Phibro purchased the gasification units of a decommissioned "clean coal" power plant, and announced plans to produce ammonia from petroleum coke. Since then there has been scant news, except of preparations for debt financing and staff hires, but project developers describe solid progress.
This afternoon, the old-established, newly-purchased commodities trading firm, Phibro, announced plans to build a "world-scale" ammonia plant in West Terre Haute, Indiana.
The $450 million project is initially set to start up in mid-2018.