Yara Proceeds with Tan Investment in Australia

Yara International says it has signed a letter of intent (LoI) with engineering and construction company Técnicas Reunidas (Madrid) to build a previously announced 330,000-m.t./year technical ammonium nitrate (TAN) plant at the Burrup Peninsula in Western Australia. The total cost of the project is estimated at about $700 million. TAN plant will be next to ammonia facility. Yara and Burrup Holdings (Perth, Australia) signed an agreement in 2008 to build the TAN plant under a planned 50-50 joint venture, Burrup Nitrates. The LoI has been approved by the...

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