MONTREAL, April 16, 2014 /CNW Telbec/ - IFFCO Canada is pleased to announce that the Government of Québec has
authorized the company to move forward with the proposed fertilizer
plant at Bécancour. The decree was adopted on March 26th by the provincial cabinet upon recommendation by the Minister of
Sustainable Development, Environment, Wildlife and Parks, and published
in today's edition of the Official Gazette of Québec.
Adoption of the government decree marks an important step in project
development, as the company is now authorized to proceed with the
construction of the proposed fertilizer plant at Bécancour. In addition
to sanctioning the go-ahead, the decree details the commitments to
which IFFCO Canada has agreed, notably measures designed to protect and
control air, water and soil quality, as well as requisite environmental
monitoring and emergency measures.
"On behalf of IFFCO Canada, we wish to thank the Government of Québec,
as well as all stakeholders for the diligence and rigour demonstrated
during the environmental assessment of our project. We also wish to
thank the host community for unstinted support throughout the entire
process, which has contributed to our obtaining the decree," stated
Manish Gupta, Chief Executive Officer.
Project status update
Since the incorporation of IFFCO Canada in July 2012, the project has
progressed rapidly, successfully completing a number of important
steps. The social and environmental assessment concluded with the
tabling of an affirmative report by Bureau des audiences publiques sur
l'environnement (BAPE) in January 2013, followed by a recommendation in
favour of the project by the Ministry of Sustainable Development,
Environment, Wildlife and Parks. Adoption of the decree marks the close
of the social and environmental assessment process, and officially
authorizes IFFCO Canada to proceed with the proposed fertilizer plant.
In January 2013, IFFCO Canada acquired the land on which the industrial
complex is to be built. Strategically situated in Bécancour Port and
Industrial Park, this central Québec location is served by land, rail
and water, while providing ready access to markets across North
America. Additionally, the deep water port facilities represent a clear
competitive advantage for exporting production abroad, especially to
markets in Europe.
Selected project collaborators
This past January, IFFCO Canada retained the services of Ganotec Inc. to
finalize project cost estimates and propose an engineering, procurement
and construction (EPC) contract for the construction of the facility.
Ganotec Inc. is a wholly owned subsidiary of Kiewit, one of North
America's largest construction companies which has many large projects
to its credit in the industrial and petrochemical sectors. This new
strategic collaborator brings to the table sound knowledge of the
region backed by North America-wide construction expertise. Kiewit's
Ganotec is considered the principal contractor of choice for the EPC
Maire Tecnimont of Italy has been selected as technology provider and
integrator. Through their subsidiary Stamicarbon BV, urea licensing
market leader, Maire Tecnimont will provide urea process technology.
Through Tecnimont, another subsidiary, the group has been chosen as
process engineering and equipment provider for Ganotec Inc. Ammonia
process technology will be supplied by KBR, a US company with 70 years
of experience in process design. KBR currently equips over half of the
world's ammonia production plants.
Gas supply and financial close
In January 2014, as part of its strategy to secure the required supply
of natural gas, IFFCO Canada responded to a TransCanada PipeLines
(TCPL) invitation to bid for transport capacity through an open season
process. Readers will recall that natural gas is the primary raw
material required for use in the urea production process at the future
IFFCO Canada plant. Resource abundance and competitive pricing together
proved determining factors in the company's decision to locate in
"Our focus now is on project financing which, once finalized, will pave
the way for construction of the industrial complex to commence. That
said, work on the project continues to progress, the business
environment remains favourable, and we are confident that the plant
will be ready for commissioning in 2017," Manish Gupta went on to add.
One of the largest urea production plants in North America
The new facility will be one of the largest urea production plants in
North America, with an annual production capacity of between 1.3 and
1.6 million tonnes of granular urea destined for the fertilizer market
and 760 000 tonnes of diesel exhaust fluid (DEF). The project cost is
currently assessed at $1.6 billion, based on the most recent bankable
feasibility study. La Coop fédérée, one of the project shareholders,
has agreed to purchase some 500 000 tonnes of urea a year for
distribution across the organization's extensive network in Québec,
Canada and a number of US states.
About IFFCO Canada
IFFCO Canada Enterprise Ltd was founded in 2012 in anticipation of the
construction and operation of a fertilizer plant at Bécancour Port and
Industrial Park in central Québec. The project was born of a
partnership between IFFCO and La Coop Fédérée, two agricultural
cooperatives — one based in India and the other in Québec —
endeavouring to better serve members. Through Investissement Québec,
the project enjoys the financial support of the Government of Québec.
Commissioning of the IFFCO Canada plant has been scheduled for 2017.
Follow the project status on www.iffcocan.com and @iffcocan.
SOURCE: IFFCO Canada Entreprise Ltd
For further information:
Yvan Martin, Regional Communications Officer
Office: 819 602-0302 / Cellular: 819 269-3947