CF Industries announces $3.8B in expansion projects

theflyonthewall.com

CF Industries Holdings announced that it will construct new ammonia and urea/UAN production units at its complex in Donaldsonville, Louisiana, and new ammonia and urea units at its complex in Port Neal, Iowa. CF Industries' board of directors has authorized expenditure of $3.8B for the projects and the company has retained engineering and procurement services from ThyssenKrupp Uhde through their affiliate Uhde Corporation of America. In combination, these projects will be able to produce annually 2.1M tons of gross ammonia and upgraded products ranging from 2M to 2.6M tons of granular urea and up to 1.8M tons of UAN solutions, depending on product mix. Expenditures for the projects have begun and will continue into 2016. The Donaldsonville project budget is $2.1B, with the new urea and UAN plants scheduled to come on stream in 2H15 and the new ammonia plant in 2016. The Port Neal project budget is $1.7B with the new ammonia and urea plants scheduled to come on stream in 2016.

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