Apache eyes majority stake in Burrup Fertilisers Plant

22 December 2011: Apache Corporation is planning to acquire a 65-percent interest in Burrup Holdings Limited and further plans to proceed with development of a technical ammonium nitrate (TAN) plant in the Burrup Peninsula region of Western Australia to be developed by a consortium including Burrup Holdings Limited. The company is also negotiating to sell most of its interest in the TAN project to Orica, an Australia-based global supplier of mining explosives.

It has supplied natural gas to Burrup Fertilisers since the plant commenced production in 2006. With a production capacity of 760,000 metric tons annually, the plant is one of the world's largest ammonia production facilities, producing 6 percent of the total world output of tradable ammonia.

Source: Yourindustrynews