Yara has announced that it is reviewing its position in Trinidad.A further development of its operations is in line with the company\\$quot;s strategy to expand production capacity in regions with competitive gas prices.
Yara has initiated a project to leverage its existing infrastructure in Trinidad.The project will include the increase and optimizing capacity and adding downstream and industrial products like urea, ammonium nitrate and urea ammonium nitrate.
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 $600-1000 million, depending on the scheme selected. Yara plans to make a decision by year-end 2006.
Yara intends to join up with local partners for the project and use its downstream and industrial system to market the products.