NB Regeneration, Inc.
is acting as a developer and is creating a global consortium to build a nitrogen fertilizer facility in the Republic of Panama. Upon completion (estimated 36 months) that will be capable of producing approximately 4,000 M/T of granulated urea on a daily basis.
Most feedstock studies relative to the production of nitrogen fertilizer indicate that the cost of feedstock comprises between 85-90% of the cost of production. The majority of existing nitrogen fertilizer plants are only capable of using natural gas as its feedstock. With natural gas currently selling at prices near its lowest level in a decade, the cost of feedstock for these facilities will certainly increase.
By using pet coke and coal as the primary raw materials for feedstock instead of natural gas, we can produce fertilizer for substantially less than our competitors.