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Agrium faces losses from Unocal purchase. (Nitrogen Industry News).(Brief Article)
Canadian fertilizer producer Agrium has begun a lawsuit against US oil and gas company Unocal over liabilities arising from Agrium's purchase of Unocal's fertilizer assets. According to Agrium, the company faces up to $40m in environmental liabilities arising from the purchase, of which it has so far paid $6.8m, $4m of which Unocal has accepted liability for, but for which no payment has as yet been received. One such issue is the effluent sewer from the Kenai, Alaska site. Agrium claims it was told by Unocal that the sewer could be repaired for $3m, but that the day before the purchase Unocal agreed with the US ...
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- Arbitration Planned for Agrium, Unocal over Contract Dispute.
- Newspaper article from: Knight Ridder/Tribune Business News December 15, 2003 700+ words
...over supply of natural gas by Unocal to Agrium's ammonia and urea fertilizer...heart of the disputes between Agrium and Unocal is a disagreement in interpretation of the supply contract. Agrium maintains Unocal committed in the contract to...
- Unocal, Agrium settle Alaska gas sales dispute.
- News wire article from: The America's Intelligence Wire December 14, 2004 700+ words
...sales to Agrium's Kenai, Alaska, fertilizer plant and the original sale of that plant to Agrium by Unocal. As part of the settlement, Unocal and Agrium have entered into a new gas sales agreement, effective Dec. 1. Unocal will also have to...
- Agrium buys Unocal's fertilizer interests.(Brief Article)
- Magazine article from: Nitrogen & Methanol March 1, 2000 700+ words
Agrium has agreed to buy the nitrogen...Company of California (Unocal). Agrium is paying $325m for the...forms part of the package. Unocal had been looking to exit...a separate development, Agrium shut down its ammonia plant...
- Agrium and Unocal resolve dispute.
- News wire article from: Asia Africa Intelligence Wire December 27, 2004 700+ words
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- Agrium, Unocal resolve part of natural-gas contract dispute.
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- Magazine article from: Chemical Week MacDonald, Veronica December 22, 2004 700+ words
...supplies to fertilizer assets at Kenai, AK that Agrium acquired from Unocal in 2000. Agrium says it received approximately $105 million...curtailing supply to the facility in July 2002. Agrium sued Unocal in 2003, and said at the time it would seek...
- Unocal Selling Agrium Stock and Debt.(Brief Article)
- Magazine article from: Chemical Week November 1, 2000 700+ words
...worth of stock and debt it acquired from Agrium. Unocal received the securities and $250 million...325 million (CW, Jan. 26, p. 12). Agrium says Unocal will sell 2.6 million Agrium shares and $50 million worth of 6% convertible...
- Agrium divests deepwater terminals to grow with Unocal's fertilizers.(Brief...
- Newspaper article from: FTC: Watch October 9, 2000 700+ words
Agrium will divest deepwater...of California's (Unocal) two nitrogen fertilizer...East, and Indonesia. Unocal and Agrium are the leading sellers...placate FTC trustbusters, Agrium will divest Unocal's: (a) deepwater...
- Agrium settles Unocal dispute for $105 M.
- News wire article from: Asia Africa Intelligence Wire December 22, 2004 700+ words
...Chemical Business NewsBase - Chemical Week) Agrium has settled a dispute with Unocal over supplies of gas to fertilizer assets at Kenai, AK, that Agrium bought from Unocal in 2000. Agrium received around $105 M under the settlement...
- Agrium concludes Unocal deal.(Agrium Inc. acquires Unocal Corp.'s nitrogen...
- Magazine article from: Nitrogen & Methanol November 1, 2000 700+ words
Agrium has secured approval...321m purchase of Unocal's nitrogen assets...bought by JR Simplot. Agrium is now the owner of Unocal's 1.2m t/a ammonia...on the west coast. Agrium has also agreed that Unocal can take 35% of excess...
Source: HighBeam Research, Agrium faces losses from Unocal purchase. (Nitrogen Industry...