High pressure ammonia borane
stores H2
RESEARCHERS at Stanford University, US, have discovered a high-pressure form of the compound ammonia borane (NH3BH3), which contains over 30% hydrogen by weight and could be used to store hydrogen in fuel cells.
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Fertiliser cos line up $6 bn to ramp
up urea output
India is set to become a net exporter of urea, the most widely-used fertiliser in the country, with domestic fertiliser companies planning to invest up to $6 billion in four years on expanding urea production, a government official said.
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ACCC to probe Incitec Pivot claim
FERTILISER giant Incitec Pivot Ltd has faced new allegations of abusing its market power.
Large north-western NSW grain grower Ron Greentree last week told a Senate inquiry into fertiliser markets he had been put in the position of having to buy liquid fertiliser NH3 from IPL through its Brisbane plant at what he believed were excessive prices.
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Summary
-The Henry Hub spot price is from the Gas Daily & Energy Intelligence
Group and a mid point of their high and low price for the day.
- The futures price is from the NYMEX settlement or last price for the next delivery month.
SWAP Quotes - 7 May 2009
- SWAP Quotes are from Direct Hedge
- Index is the arithmetic average of The Market, Green Markets,
Fertecon, and FMB granular urea midpoint prices of this week.
Egypt’s OCI signs fertiliser deal
with EFIC
Egypt’s Orascom Construction Industries (OCI) said it had signed a deal with Egyptian Financial and Industrial Corporation (EFIC) to manufacture and sell 300,000 tonnes of ammonium sulphate per year.
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CVR Energy Reports Profitable
First Quarter
CVR Energy, Inc. (NYSE: CVI) , a refiner and marketer of petroleum fuels and a nitrogen fertilizer products manufacturer, today reported first quarter 2009 net income of $30.7 million, or $0.36 per fully diluted share, on net sales of $609.4 million.
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