EuroChem announced an MOU for the engineering, procurement, and construction of their proposed ammonia-urea plant in Louisiana.
Their US greenfield is one of five projects that they plan to develop over the next ten years, all covered under this MOU: the others are in Russia (an ammonia-urea plant in Nevinnomyssk, an ammonia plant in Kingisepp, and a urea plant in Kingisepp) and Kazakhstan (an ammonia-urea plant in Zhanatas).
These expansions would give EuroChem a gross ammonia capacity of around 8 million mtpy.
Tecnimont announced yesterday that it had signed a memorandum of understanding (MOU) with Fatima Group and Midwest Fertilizer Company to negotiate a lump sum, turn-key engineering, procurement and construction (EPC) contract to build the Mt Vernon fertilizer complex.
SUMMARY STATUS: On hold (again)
""Le projet n'est pas mort." In October 2016, IFFCO Canada reduced itself to a skeleton staff, with plans to keep the project "sur la glace" until the urea market recovers. In December 2015, it put the urea plant on hold "until favourable economic conditions prevail." The project had only been "reactivated" in June 2015, having previously been put on "strategic pause" in December 2014. In 2014, its backers coped with snowballing costs and no secure supply of natural gas but, in 2015, it was the market price of urea that dropped too low for the financiers' comfort.
SUMMARY STATUS: Planning phase
EuroChem is planning an ambitious entry into the US fertilizer industry, developing one of the largest nitrogen complexes on the continent. The company has announced few details but the vast scale of the project is disclosed in permit documents, most recently including a revised air permit application in November 2016 and a water permit application in December 2016. EuroChem announced a MOU toward an EPC contract in April 2015. Awaiting the full EPC award announcement and a final investment decision from EuroChem's board.