Apache Completes Acquisition of 49-Percent Stake in Burrup Fertilisers Plant in Western Australia for $439 Million
Apache has supplied natural gas to Burrup Fertilisers since the plant commenced production in 2006. With a capacity of 850,000 metric tons annually, the plant is one of the world's largest ammonia facilities, producing 6 percent of the total world output of tradable ammonia. The plant will be renamed Yara Pilbara.
"This new ownership structure will stabilize the
"We are pleased to be associated with Yara, which is one of the world's largest producers of ammonia fertilizers and has a long-term off-take agreement for
Through the transaction, Apache also acquired an interest in a planned technical ammonium nitrate (TAN) plant in the
The fast-growing iron ore industry in