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Stock Market & Financial Investment News

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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.
News For AGU From The Last 14 Days
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January 22, 2016
06:20 EDTAGUPotash CEO: Mine closure may table Canpotex plans, Reuters says
Potash (POT) may table plans to build a new West Coast shipping terminal with partners Mosaic (MOS) and Agrium (AGU) as a result of the suspension of production at an eastern Canadian mine, Reuters reports, citing Potash CEO Jochen Tilk. Canpotex, owned by the three groups, has been mulling construction of the terminal at Prince Rupert, BC, the report says. Reference Link

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