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February 25, 2014
10:01 EDTAGUAgrium board approves nitrogen debottleneck expansion in Texas
Agrium announced that its board has approved an expansion at its nitrogen facility in Borger, Texas. The expansion project will add a new urea production unit of approximately 610,000 tonnes, of which approximately 100,000 tonnes will be Diesel Emission Fuel grade urea. DEF is used to reduce nitrogen oxide emissions in diesel vehicles and this product will help diversify our end-markets. The project will also increase the annual ammonia capacity for the facility by approximately 145,000 tonnes, bringing the total annual gross ammonia capacity to approximately 635,000 tonnes. The total capital cost of the project is expected to be approximately $720M. Construction will fully commence in March, with completion expected in the second half of 2015. During this construction period, the Borger facility is expected to operate at normal production rates.
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April 23, 2015
11:31 EDTAGUAgrium to divest West Sacramento site
Agrium announced that it intends to divest the West Sacramento product upgrade facility and site in 2015. The site has access to tidewater and imports the raw materials to produce UAN solutions for the California market. Over the past two years, the site has produced on average about 200,000 tonnes of nitrogen solution products. The decision to divest the site was made as part of Agrium's portfolio review and any impact on financials are expected to be negligible.
April 22, 2015
10:02 EDTAGUOn The Fly: Analyst Downgrade Summary
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06:17 EDTAGUAgrium downgraded to Sell from Neutral at Citigroup
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