Chemical manufacturer and supplier Incitec Pivot is currently looking into plans to construct a new ammonium nitrate manufacturing plant on the site of its fertiliser facility on Kooragang Island in Newcastle, NSW.
Ammonium nitrate is a chemical compound used in explosives and fertilisers. According to the company, the plant will be a “world-scale, state-of-the-art” manufacturing plant.
In statement released to the ASX on Friday, Incitec Pivot said it will carry out a feasibility study into the construction of the new plant, which expected to be completed in Q4 of 2012 based on the calendar year.
Should construction of the new plant go ahead; the plant will be geared towards producing ammonium nitrate for the mining industry in NSW, particularly in the Hunter Valley, for export, and urea ammonium nitrate for agricultural use.
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