date:Sep 07, 2012
pending on new nitrogen capacity to $2 billion through 2016, up from a prior forecast of $1 billion to $1.5 billion. Much of the new capacity is expected to come online in 2015.
Mr. Sawiris said there remains plenty of room for new capacity as farmers in South America try to boost crop yields to the level seen in the U.S. He added that natural-gas reserves in Trinidad, a key supplier of nitrogen ingredients to companies such as Koch Industries Inc., are expected to run out within the next decade