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IFFCO, La Coop fédérée, and Quebec government sign agreement to build fertilizer complex

6:20 AM MDT | October 10, 2012 | Natasha Alperowicz

Indian Farmers Fertilizer Cooperative’s (IFFCO; New Delhi) subsidiary IFFCO Canada has teamed up with La Coop fédérée (Montreal), an agricultural cooperative; and Investissement Québec to build a previously announced fertilizer complex in Canada. The partners have signed an agreement to build the $1.2-billion nitrogen fertilizer complex at Bécancour, PQ.   IFFCO is expected to hold a 25% stake in the venture with La Coop holding 12% and the Quebec government 18%. The remaining 45% equity has yet to be raised, the...

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