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Gold/Mining/Energy : Alaska Natural Gas Pipeline

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From: Snowshoe	9/25/2007 11:12:03 PM
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Agrium to close Nikiski plant _____________________________________________________ adn.com By BRANDON LOOMIS bloomis@adn.com Published: September 25, 2007 Last Modified: September 25, 2007 at 04:12 PM NIKISKI - Agrium announced it will close its 39-year-old nitrogen fertilizer plant for lack of a natural gas feedstock, and will begin laying off more than 100 employees in December. The company has struggled to secure enough gas from dwindling Cook Inlet supplies, and as competition with utilities has increased it has had to shut down in recent winters. This winter it will close indefinitely, though Agrium continues to study a plan that would convert coal into a gas, an effort that could lead to a reopening in several years, spokeswoman Lisa Parker said. Agrium employs 140 people with a payroll of $16.5 million at the Nikiski plant, but has run at half-capacity or less for years. The plant employed 300 and had a payroll of $30 million at its height in 2001, Parker said. Agrium will begin layoffs in early December but will keep some employees to maintain the plant in case it can open with a coal gas feedstock in 2012, Parker said. The company will provide severance packages.

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