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Yara postpones Canadian fertilizer project on cost and overcapacity concerns

9:11 AM MDT | June 14, 2013 | Natasha Alperowicz

Yara International (Oslo) is postponing its planned expansion project at Belle Plaine, SK, the company announced today. Yara says it views the Belle Plaine site as an optimal location for a future North American nitrogen expansion but will spend more time evaluating construction cost development and other key project parameters. The company approved the investment a year ago.  "We are not ready to initiate a Belle Plaine expansion today, primarily due to recent increases in construction cost both in Canada and North America generally. There is also a...

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