Regions :: North America :: U.S.
Iowa Fertilizer raises funds for $1.8-billion nitrogen fertilizer project
10:19 AM MDT | May 2, 2013 | Natasha Alperowicz
Iowa Fertilizer Co., a wholly owned subsidiary of Orascom-owned OCI NV, has issued $1.2 billion of bonds to institutional and retail investors in the US tax-exempt market through the Iowa Finance Authority, the company said on Wednesday. The bond proceeds will be used to finance a previously announced $1.8-billion greenfield nitrogen fertilizer complex at Wever, IA, the largest investment in Iowa’s history. The new complex will produce up to 2 million m.t./year of ammonia, urea, urea ammonium nitrate and diesel exhaust fluid (DEF). It is expected to...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee