Yara to explore expansion in Trinidad
Yara International ASA is reviewing a further development of its operations in Trinidad in line with the company's strategy to expand its production capacity in regions with competitive gas prices.
Yara has now initiated a project to explore further opportunities to leverage its existing infrastructure in Trinidad. The scope of the project includes increasing and optimizing the ammonia capacity and adding downstream and industrial products like urea, ammonium nitrate and urea ammonium nitrate (UAN, a liquid fertilizer). The study will especially evaluate the opportunity of technical ammonium nitrate production for the growing markets in Latin America.
The scope of the new production facility could imply investments between USD 600-1000 million, depending on the scheme selected. Yara plans to make a decision by year-end 2006.
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