SOURCE: Industrial Info Resources

Industrial Info Resources

August 13, 2015 06:30 ET

CHS Strikes $2.8 Billion Deal With CF Industries for Nitrogen Supply, Axes Major Fertilizer Project in North Dakota, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Aug 13, 2015) - Researched by Industrial Info Resources (Sugar Land, Texas) -- CHS Incorporated (St. Paul, Minnesota), the largest farmer-owned cooperative in the U.S., agreed to enter into a strategic venture with CF Nitrogen, a subsidiary of CF Industries Holdings Incorporated (NYSE:CF) (Deerfield, Illinois), a major manufacturer and distributor of nitrogen products. CHS will be entitled to purchase up to 1.7 million tons of urea and urea ammonium nitrate (UAN) annually, at market prices. CHS also agreed to purchase a minority equity interest in CF Nitrogen for $2.8 billion. Industrial Info is tracking more than $1 billion in active projects involving CHS, and more than $4.6 billion involving CF Industries.

Within this article: Details on CHS Incorporated's plans, including its cancellation of a fertilizer project in North Dakota, and CF Industries' expansions and additions at two major U.S. facilities involved in the agreement.

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