[thackney]

http://www.wallstreetdaily.com/2014/10/09/nitrogen-fertilizer-yara-cf/
Oct 9, 2014

Two companies – CF Industries (CF) and Norway’s Yara International ASA (YARIY) – are working on a $27-billion deal that, if agreed to, will create the world’s largest producer of nitrogen fertilizer....

In fact, thanks to low-cost U.S. shale gas, CF’s profit margin in its nitrogen fertilizer division was a whopping 52% in 2013. In contrast, Yara’s profit margin was only 9.2% thanks to higher-cost European natural gas....

[Nervous Tick]

Thanks, thackney.

Europe is kinda far from which to ship fertilizer :-), but from the same article:

“This cheap gas, according to Mark Gulley of BGC Financial, is already translating to $12.7-billion worth of new fertilizer plants that are set to start producing by 2020 in the United States.”

WOO HOO! Bring it!

[Eric in the Ozarks]

A friend from refining days took an assignment in Venezuela where gas was valued at about $.45 MM when US gas was $2.50. The company made a killing exporting the fertilizer into the US for a few years.
Then the Venz lost their minds...