Fertilizer project news

The company delivered underlying EBIT growth of 18% compared to the pcp after adjusting for re-basing items which relate primarily to the closure of manufacturing at Gibson Island and the sale of Waggaman.

For the year as a whole, the outlook for EBITDA and adjusted free cash flow remains unchanged; EBITDA is still expected to range between €500 million and €650 million and adjusted free cash flow should break even.

The company has reported results from another 29 drill holes at its Bégin-Lamarche project located in Saguenay-Lac-St-Jean, Quebec, Canada.

In Astana, EuroChem has signed an agreement with China National Chemical Engineering Co. (CNCEC) for the design, construction and commissioning of a chemical complex in Janatas, Jambyl Region, Kazakhstan.

Minbos Resources has provided update on activities from Angola on the Cabinda Phosphate Fertilizer Project.

The €1.3 billion CAPEX investment build is expected to be in operation by 2030. The production process will use renewable and low-carbon electricity to produce hydrogen, a substitute to imported natural gas.

The companies have entered into a two-year agreement under which Kongsberg Digital will develop digital twin technology for Yara's factories in Herøya in Norway and Sluiskil in the Netherlands.

The company is launching its first control valve for urea plants, which is set to be installed at one of the major fertilizer plants in the MEA region for the first time later this year.

This term sheet and the subsequent offtake agreement covers the long-term supply of up to 50% of renewable ammonia from Phase 1 of AM Green’s ammonia production facility in Kakinada.

Electric Hydrogen has announced US$100 million in corporate credit financing to support manufacturing and deployment of electrolyser plants, which enable the lowest cost production of green hydrogen for fertilizer, aviation and shipping industries.