Agrium finalizes $70-million sale of East Dubuque Nitrogen Facility to Rentech
Advertisement
Agrium Inc. and Rentech, Inc. announced that Rentech has completed the purchase of Royster-Clark nitrogen, Inc. from Royster-Clark, Inc., a wholly-owned subsidiary of Agrium for approximately $70-million. The sale includes the East Dubuque nitrogen facility and associated working capital. The sale price was $50-million in cash plus approximately $20-million for the net working capital acquired at closing.
The East Dubuque nitrogen facility is an 830-ton ammonia per day natural gas-fed nitrogen fertilizer plant located in East Dubuque, Illinois. Rentech intends to convert the facility's feedstock from natural gas to coal. Agrium has been appointed the exclusive distributor of the anhydrous ammonia, UAN solutions, nitric acid and granular urea manufactured at the facility for agricultural and industrial use in the U.S., as part of a related 10-year distribution agreement.
Most read news
Other news from the department business & finance
Get the chemical industry in your inbox
By submitting this form you agree that LUMITOS AG will send you the newsletter(s) selected above by email. Your data will not be passed on to third parties. Your data will be stored and processed in accordance with our data protection regulations. LUMITOS may contact you by email for the purpose of advertising or market and opinion surveys. You can revoke your consent at any time without giving reasons to LUMITOS AG, Ernst-Augustin-Str. 2, 12489 Berlin, Germany or by e-mail at revoke@lumitos.com with effect for the future. In addition, each email contains a link to unsubscribe from the corresponding newsletter.
Most read news
More news from our other portals
Last viewed contents
Chevron Phillips Chemical to Expand Alpha Olefins Capacity at Cedar Bayou Plant
Great Lakes to Increase Elemental Bromine and Bromine Derivatives Prices in North America
Airgas Acquires Pain Enterprises, Inc., Based in Bloomington, Indiana
DuPont and ChemFirst Continue Joint Investigation of Plant Explosion
Hearing the telltale sounds of dangerous chemicals - New photoacoustic technique detects multiple nerve agents simultaneously
Dow Chemical Awards "Methane Challenge" Grants to Cardiff and Northwestern Universities
ChemFirst Fully Resumes Aniline Production at Pascagoula - Acquisition by DuPont Expected to be Completed this Week
INEOS Styrenics: Price increase for all PS products in Europe
Terra Industries Inc. Suspends Production at Blytheville facility