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Fertilizers and Agricultural Chemicals

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  • $1.4 billion fertilizer plant coming to Illinois Tuesday, 28 Oct 2014 | 10:40 AM ET

    CHAMPAIGN, Ill.— A chemical company plans to build a $1.4 billion fertilizer plant in eastern Illinois, state economic officials confirmed Tuesday. Cronus Chemicals will build the plant just outside Tuscola, a town about 20 miles south of Champaign, and plans to open a U.S. headquarters in Chicago, according to Illinois Department of Commerce and Economic...

  • DuPont profit jumps as margins improve Tuesday, 28 Oct 2014 | 6:01 AM ET

    DuPont reported a 52 percent jump in profit as operating margins rose in five of its seven businesses.

  • Officials: Illinois chosen for $1.4B Cronus plant Monday, 27 Oct 2014 | 10:41 PM ET

    CHAMPAIGN, Ill.— A chemical company has chosen a site in eastern Illinois over one in Iowa for a $1.4 billion fertilizer plant, and plans to establish its U.S. headquarters in Chicago, two officials familiar with the decision said Monday. Cronus Chemicals LLC will build the plant near Tuscola, about 20 miles south of Champaign, Illinois, the officials confirmed...

  • The lawsuit, filed in the U.S. Court of Appeals for the Ninth Circuit in California, argues that the Environmental Protection Agency did not adequately analyze the impact of one of the new herbicide's active ingredients, 2,4- D, before granting approval on Oct. 15 to Dow's Enlist Duo herbicide. "They did not do an adequate job," said Andrew Kimbrell, an attorney with...

  • *Third-quarter profit $0.38/ share vs est. Oct 23- Potash Corp of Saskatchewan cut the top end of its full-year earnings forecast range and the company reported a lower-than-expected quarterly profit as income fell from its overseas investments. Potash Corp, the world's biggest fertilizer company by market value, said average realized price for potash fell 9...

  • The company's investments in potash companies in Jordan, Israel and Chile accounted for 8 percent of its profit in the third quarter, down from 24 percent a year earlier. Potash Corp, the world's biggest fertilizer company by market value, narrowed its 2014 forecast profit to $1.75- $1.85 per share from $1.70- $1.90, citing a reduction in estimated income from...

  • Oct 23,- Potash Corp of Saskatchewan Inc's net income fell 11 percent, hurt by lower contributions from overseas investments and higher income tax. The company said its investments in potash companies in Jordan, Israel and Chile contributed $24 million to third-quarter earnings, compared with $85 million a year earlier. Net income fell to $317 million, or 38...

  • The lawsuit, filed in the U.S. Court of Appeals for the Ninth Circuit in California, argues that the Environmental Protection Agency did not adequately analyze the impact of one of the new herbicide's active ingredients, 2,4- D, before granting approval on Oct. 15 to Dow's Enlist Duo herbicide. "They did not do an adequate job," said Andrew Kimbrell, an attorney with...

  • UPDATE 2-Yara shares fall as profit misses expectations Wednesday, 22 Oct 2014 | 7:42 AM ET

    OSLO, Oct 22- Shares in Norwegian fertiliser firm Yara- still reeling from failed merger talks with CF Industries- fell more than 4 percent on Wednesday after it reported quarterly profit below market expectations. Yara's core profit rose 24 percent in the third quarter but slightly missed analysts' forecasts. The Yara stock was among the worst performers on...

  • Platform Specialty to buy Arysta for $3.51 billion Monday, 20 Oct 2014 | 8:42 AM ET

    NEW YORK— Platform Specialty Products Corp. said Monday that it will spend about $3.51 billion to buy rival chemical maker Arysta LifeScience Ltd. to diversify its product offerings. Miami- based Platform makes specialty chemicals used in computers, cars and oil rigs. Shares of Platform rose 76 cents, or 3.1 percent, to $25.05 in morning trading Monday.

  • Oct 16- U.S. farmers are cutting back on spreading fertilizer this autumn in response to a drop in crop prices to multi-year lows and a delayed harvest, dealers say, warning of a pullback that will be felt from grain markets to Canadian potash mines. Reductions in fertilizer use of an estimated 10 to 50 percent by volume could hit profits of producers such as Potash...

  • The herbicide is approved immediately for use in six states, and the EPA is evaluating expansion to additional states. "EPA has not followed the law," said Greg Loarie, an attorney with Earthjustice, a non-profit environmental law organization that is evaluating legal action to try to stop the commercialization of Enlist Duo. Loarie said EPA also failed to fully...

  • In announcing the decision, EPA said it had thoroughly evaluated the risks, including those for endangered species, that come with what is expected to be a large increase in the use of the chemical agent 2,4- D, which is an active ingredient of Enlist Duo. "EPA has not followed the law," said Greg Loarie, an attorney with Earthjustice, a non-profit environmental law...

  • EPA said it was applying "first-time-ever restrictions" on its approval of the herbicide, called Enlist Duo, which is designed to be used with new genetically modified crops developed by Dow AgroSciences, a unit of Dow Chemical. EPA said the approval lays out a template of new requirements for future approvals of herbicides designed for use with genetically...

  • EPA said that it was applying "first-time ever restrictions" to its approval of the new herbicide, called Enlist Duo, which is designed to be used with new genetically modified crops developed by Dow AgroSciences, a unit of Dow Chemical.

  • Oct 8- Monsanto Co, the world's largest seed company, reported a narrower fourth-quarter loss on Wednesday and said it sees continued growth in the new fiscal year on sales of corn and soybean seeds. Monsanto, known for its genetically engineered corn, soybeans and other crops as well as the popular Roundup herbicide, forecast earnings in a range of $5.75 to $6.00...

  • The claim by Eco Agro Resources came in a court filing in U.S. District Court in North Carolina in early September in response to an August patent infringement lawsuit against it by Koch Agronomic Services.

  • MOSCOW, Sept 23- Russia's Uralkali, the world's largest potash producer, expects volumes to China to remain flat or rise slightly in the first half of 2015, the company's head of sales told Reuters. Potash prices are gradually recovering after Uralkali broke a powerful trading alliance with Belarus in 2013.. Uralkali's contract with India lasts until February.

  • TORONTO, Sept 18- Shareholder activism is likely to gather momentum in the Canadian energy industry in the coming months, sparked by some poor stock performance, the success of past campaigns and growing support from large institutional investors.

  • WINNIPEG, Manitoba, Sept 3- A pickup in fertilizer demand has brightened the outlook for North American potash companies who suffered through plunging prices and profits after a European trading consortium collapsed in 2013..