Christopher Goodfellow - 13 May 2011
Fertilizer manufacturer CF Industries sold the Diesel Exhaust Fluid (DEF) equivalent of 8,000 tons of granular urea in 2010, according to the company's CEO.
In a Q4 2010 investors call, Stephen Wilson said:
"The economics of our own [DEF] business are very attractive. This is a high margin business. It is, frankly, a small part of our business. I think in 2010, our DEF sales were in the range of $5 million to $6 million, and it consumed roughly the equivalent of 8,000 tons of granular urea.
"It's a high-margin small sales revenue business right now, but it's ramping up very quickly as the truck fleet begins to be turned over. There will be substantially more truck builds in 2011 than there were in 2010. So it's on a steep curve from a small base and we love the business."
In February CF's subsidiary Terra Environmental Technologies, which handles its DEF business, announced it was increasing the capacity of its plant in Woodward, OK, to 30 million gallons of DEF per year.
Rebecca Hayward - 29 June 2015
Major U.S. fertilizer producer CF Industries has announced plans to increase production capacity of urea-based products, including DEF, by 130,000 tons. A debottlenecking project is due to commence at the company's Courtright Nitrogen Complex in Sarnia, Ontario later in 2015, costing an estimated $85 million. Production capacity is due...
Christopher Goodfellow - 5 April 2010
A bidding war between fertilizer giants has drawn to a close after CF Industries reached a merger agreement with TerraCair manufacturer Terra Industries. Terra received a series of hostile bids from CF Industries during 2009, before accepting a $4.1bn offer from rival Yara which would have seen the merger of two of North America's biggest...