CBH Expands Urea Ammonium Nitrate Storage Capacity
- 21-Mar-2023 3:23 PM
- Journalist: Patricia Jose Perez
Australia: The CBH Group is happy to announce that it has started the construction of the new granular and liquid fertiliser storage facility for urea ammonium nitrate (UAN) near the Kwinana Grain Terminal. The milestone, according to CBH Chief Executive Officer Ben Macnamara, is an exciting step towards bringing considerable advantages to grain growers in Western Australia. The facility will facilitate the growth of our fertiliser company, which saw a 47% increase in sales last year, according to him. This facility will help in increasing the granular fertiliser capacity by 15,000 tonnes. Grain farmers in Western Australia stand to gain from this project, which will boost their business practices significantly.
A new storage facility with a capacity to hold around 32,000 tonnes of urea ammonium nitrate (UAN) and around 55,000 tonnes of bulk granular fertiliser has been opened next to CBH's Kwinana Grain Terminal. The sector has reached a crucial turning point, and grain growers in Western Australia will undoubtedly benefit greatly from this.
In order to give growers access to a larger variety of liquid and granular options, CBH is happy to announce the launch of their new fertiliser factory in Kwinana. As handling and shipping costs are decreased as a result of increased efficiencies, this facility will give growers access to more affordable rates. Furthermore, this expanded storage space will improve the reliability and consistency of the supply for farmers.
Since CBH first joined the WA fertiliser market in 2015, this is the best outcome, as CBH fertiliser continues to demonstrate year-over-year growth and a record of about 204,000 tonnes out turned last year.
Jason Craig, CBH's Chief Marketing and Trading Officer, announced the growth of the cooperative's fertiliser business in order to meet grower demand and achieve its strategic goal of 15 percent market share by 2033. Moreover, next month, growers in WA will have access to UAN and granular fertiliser, enabling even more expansion in this industry.