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Yara is seeking Norwegian government funding toward switching its Porsgrunn ammonia plant’s production process to electricity by 2026. (Yara.com)
Crops, Machinery & Shop, Markets, Reuters, Weather

Facing green push on farm, fertilizer makers look to sea for growth

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Winnipeg/Oslo | Reuters — Two of the world’s biggest fertilizer producers, CF Industries and Yara International, are seeking to cash in on the green energy transition by reconfiguring ammonia plants in the U.S. and Norway to produce clean energy to power ships. The consumption of oil for transportation is one of the top contributors to […] Read more
OCI’s Iowa nitrogen plant, shown here under construction in 2015. (OCI.nl)
Crops, Reuters

Fertilizer maker CF Industries, OCI end merger deal

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Reuters — U.S. fertilizer maker CF Industries Holdings Inc and Dutch rival OCI NV ended their merger agreement on Monday, following the U.S. Treasury’s steps to curb tax avoiding inversion deals. CF Industries had agreed to buy OCI NV’s North American and European plants for US$6 billion in August, in addition to assuming US$2 billion […] Read more
(CHS Inc.)
Crops, Markets, Reuters

CHS says Viterra intriguing at right price

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Chicago | Reuters — U.S. farm co-operative and grains trader CHS Inc. would be interested in the Canadian grain handling assets of embattled commodities trader Glencore, but only if they came at a discounted price, CHS CEO Carl Casale said in an exclusive interview. As part of a debt-reduction plan, Swiss-based Glencore has said it […] Read more
(Dave Bedard photo)
Crops, Markets, Reuters

Agrium profit beats Street, helped by higher grain prices

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Reuters — Fertilizer and farm retail dealer Agrium reported a better-than-expected fourth-quarter profit helped by higher prices for most grains and oilseeds. The company also forecast 2015 profit to be $7 to $8.50 per share. Analysts on average expect a profit of $7.55 per share, according to Thomson Reuters I/B/E/S. Agrium’s U.S.-listed shares rose two […] Read more
Yara’s fertilizer terminal at Stockton, California. (Sebastian Braum photo, Yara.com)
Crops, Reuters

CF ends merger talks with Yara

Reuters — U.S. fertilizer firm CF Industries said it has dropped merger talks with Norway’s Yara International after the fertilizer makers were unable to agree on terms of a deal. Yara and CF said last month they were in early-stage talks about a “merger of equals” that would create a US$27 billion rival to the […] Read more

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