Latin America has become a desirable destination for green ammonia projects. This is linked to the region’s abundance of relatively inexpensive renewable energy, and large-scale fertilizer demand from a growing, high-value and import-dependent agricultural market. Ahead of Fertilizer Latino Americano 2025, Fertilizer International discusses regional green ammonia project prospects with leading players ATOME, Casale, Atlas Agro and Stamicarbon.
Yara to purchase renewable calcium ammonium nitrate (CAN) from Atome
OCI Global says that it has reached an agreement for the sale of 100% of its equity interests in its Clean Ammonia project currently under construction in Beaumont, Texas for $2.35 billion on a cash and debt free basis. The buyer is Australian LNG and energy company Woodside Energy Group Ltd. Woodside will pay 80% of the purchase price to OCI at closing of the transaction, with the balance payable at project completion, according to agreed terms and conditions. OCI will continue to manage the construction, commissioning and startup of the facility and will continue to direct the contractors until the project is fully staffed and operational, at which point it will hand it over to Woodside. The transaction is expected to close in H2 2024, subject to shareholder approval.
Some 410 delegates from 208 companies and 45 countries participated virtually in the IFA Global Sustainability Conference, 28-31 March 2022. We report on the main highlights of this four-day event.