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Incitec Pivot approves world-scale ammonia project in Louisiana

6:26 AM MDT | April 18, 2013 | Francinia Protti-Alvarez

Incitec Pivot Ltd. (IPL; Melbourne) has approved an $850-million investment for the construction of an 800,000-m.t./year ammonia manufacturing plant at Waggaman, LA, IPL announced today. The plant will be located on a brownfield site that forms part of the Cornerstone Chemicals complex, situated on the industrial corridor along the Mississippi River, the company says. The project will be funded by debt facilities and from IPL's balance sheet.   The company manufactures explosives and fertilizer inputs for the agriculture and mining sectors, and is reliant on...

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