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Yara postpones Canadian fertilizer project on cost concerns

5:30 PM MDT | June 24, 2013 | —Natasha Alperowicz

Yara International (Oslo) has announced that it will postpone a planned expansion project at Belle Plaine, SK. 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 significant risk of...

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