Business Markets
CF Industries buys ammonia plant in the US
The deal will amount to $1.7 billion.
The Kingdom hopes to receive fertilizers soon.
In January 2023, 49% less fertilizer was exported.
The new unit will have a capacity of 2.2 thousand tons per day.
Several records took place.
Now the granules are treated with an anti-caking agent.
Lack of finance and grain threaten the sowing season.
At the same time, domestic transportation of fertilizers increased by 14%.
The US Department of Agriculture provided $29 million.
Carbamide-ammoniac compound will appear in autumn.
The enterprise has registered new products.
It can destroy up to 90% of crops.
Russia demanded to remove the obstacles that hinder the sale of Russian fertilizers on the world market.
They can't ignore dependence on Russian gas.