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    Magazine: Nitrogen+Syngas

    Yara acquires Gulf Coast Ammonia plant

    Yara International has reached an agreement to acquire Gulf Coast Ammonia’s (GCA) ammonia production facility in Texas City, Texas from GCA Holdings LLC, for a consideration of $ 1.3 billion. Yara says that the acquisition is part of its strategy to diversify its energy exposure and enhance the competitiveness of its global ammonia production footprint. Yara will own the ammonia plant with an expected nameplate capacity of 1.3 million t/a, with Air Products supplying industrial gases to Yara as part of a long-term supply agreement. Yara will use its midstream ammonia platform to supply both external customers and its own internal sourcing needs.

    Methanex to close Titan methanol plant

    Methanex says that it has been unable to agree to a new natural gas contract for its 860,000 t/a Titan methanol plant in Trinidad and Tobago, and, as a result, will begin the process of indefinitely idling the facility. Titan’s existing natural gas contract expires in the third quarter of 2026. Methanex says that it will undertake a preservation process at the Titan plant to provide options for a future restart should conditions materially improve. The neighbouring 1/7 million t/a Atlas methanol plant, a joint venture in which Methanex holds a 63.1% economic interest, remains indefinitely idled in a preserved state.