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Yara Signs Agreement for Construction of Ammonium Nitrate Plant in Australia

1:33 AM MDT | March 23, 2011 | Deepti Ramesh

Yara International says it has signed a letter of intent (LoI) with engineering and construction company Técnicas Reunidas (Madrid) for the construction of 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. 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 board of Yara and is subject to...

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