![](images/Logos/GP%20Nola%20Logo.jpg)
March 23, 2023
Fertilizer plant at Cornerstone facility in Waggaman to be sold to CF
Industries
Australia-based
parent of Dyno Nobel will sell plant $1.675 billion
Mar 22, 2023
By Russ
Quinn ,
DTN Staff Reporter
![](images/images_03_28_2023/pic3.jpg)
The Fortier manufacturing complex, which
includes the Cornerstone Chemical Co. plant, at 10800 River Road in
Waggaman, was photographed Feb. 8, 2019. (Photo by Drew Broach, NOLA.com |
The Times-Picayune)
Australia-based Incitec Pivot will sell its fertilizer plant at the
Cornerstone facility in Waggaman to CF Industries, which owns a
nitrogen complex in Donaldsonville.
Incitec said the $1.675 billion deal includes a $425 million agreement
with CF Industries to provide 200,000 tons of ammonia per year for up
to 25 years to its subsidiary Dyno Nobel, a Utah-based fertilizer and
industrial explosives maker.
![](images/images_03_28_2023/CF%20Industries%20copy.jpg)
The CF Industries fertilizer complex near Donaldsonville went through
a $2.1 billion expansion in 2018 and 2019. (Staff photo by David J.
Mitchell)
ADVOCATE STAFF PHOTO BY DAVID J. MITCHELL
Incitec said its plant at the Cornerstone complex manufactures more
ammonia than it needs for Dyno Nobel's manufacturing operations
elsewhere, and the company has been looking for ways to make money off
of that surplus. The deal, which was announced this week, will allow
the company to do that while still ensuring Dyno Nobel gets the
ammonia that it needs.
CF Industries, which manufactures hydrogen and
nitrogen products, already has a pipeline connection between the
Donaldsonville and Waggaman plants.
The sale remains subject to federal anti-trust regulatory
clearance and other closing conditions, and the ammonia supply
agreement is contingent on the sale.
Ammonia is found naturally in the environment, including in
soil, but is also a common industrial product that, at high
concentrations, can irritate and damage the eyes, nose, throat and
lungs.
The CF Industries plant in Donaldsonville, which is across the
river from Gonzales, had an ammonia leak at the in December. There
were indications some of the gas may have gotten offsite, though no
injuries were reported.
As for climate change, the Donaldsonville plant — the largest
ammonia production facility in the world at 4.34 million tons per year
— was Louisiana's largest greenhouse gas emitter in 2019, at 10
million tons, according to a recent LSU study.
The company says it is on its way to decarbonizing our ammonia
production network through upgrades and conversions to cleaner
processes, and expects to eventually qualify for state tax breaks for
carbon sequestration.
The Dyno Nobel plant, which opened in October 2016, employs
about 90 people. It can produce up to 880,000 tons of ammonia per year
and has a 38,500-ton ammonia storage tank onsite. The facility can
transport ammonia by pipeline, barge, truck and rail.
Dyno Nobel, one of a handful of tenants at the 800-acre
Cornerstone facility, is currently seeking state permits to build a
cogeneration boiler at the facility, a move that has drawn some
opposition from neighborhood and environmental groups. Communities up
and down the Mississippi River have been increasingly pushing back in
recent against the expansion of heavy industry in recent years, citing
air quality, health and safety concerns that come from living so close
to plants.
Green Play Ammonia™, Yielder® NFuel Energy.
Spokane, Washington. 99212
www.exactrix.com
509 995 1879 cell, Pacific.
exactrix@exactrix.com
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