Faustina Hydrogen to build $1.6 billion facility in St. James

From staff and wire reports
July 12, 2007 at 8:53 am  | Mobile Reader | Pring this storyPrint 

BATON ROUGE ---Faustina Hydrogen Products LLC, a subsidiary of U. S TransCarbon LLC, announced plans to construct a $1.6 billion solid carbon gasification facility next to Mosaic Fertilizer, LLC's phosphate manufacturing plant in St. James Parish.

The proposed facility would use petroleum coke and high sulfur coal to produce anhydrous ammonia for agriculture and industrial uses.

The company will submit regulatory permit applications to the State of Louisiana in early July 2007, with construction expected to start immediately following receipt of appropriate permits and arrangement of debt financing. Faustina expects the 165-acre facility to be completed in 2010. Construction employment is expected to peak at 1,400 workers, and once operational, the facility would employ 200 people.

"Ammonia is an important fertilizer for U. S. agriculture. Natural gas is a feedstock for ammonia, and the cost of natural gas has skyrocketed in recent years causing some companies to import lower-cost ammonia from abroad," said John Kinnamon, Senior VP Development. "We believe this new facility will revitalize domestic production of ammonia, which is vital to our food supply."




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