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Yara Forms Ammonium Nitrate JV in Australia

8:15 AM MDT | May 19, 2008 | Natasha Alperowicz

Yara International and Burrup Holdings (BHPL; Perth, Australia) say they have signed a memorandum of understanding (MoU) to build a 350,000-m.t./year technical ammonium nitrate (TAN) plant in Australia under a proposed 50-50 joint venture, Burrup Nitrates. The plant will be built adjacent to BHPL’s 760,000-m.t./year ammonia facility at the Burrup Peninsula, Western Australia, which was completed in April 2006. Yara holds a 30% stake in BHPL and the Indian businessman Pankaj Oswal has the rest. Oswal: JV will have a ‘strong competitive...

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