Bécancour will be nuclear in agricultural fertilizer. The announcement of the new plant of urea will be formalized Tuesday with partners of this new building, or the Government of Quebec, la Coop fédérée and a giant Indian fertilizer.
The Indian Farmers Fertiliser Cooperative (IFFCO), whose headquarters is based in Mumbai, plans to invest a minimum of 200 million in this project with a total value of 1.2 billion.
The company announced last month that it had found an ideal location for its fertilizer plant in Bécancour, in the Centre-du-Québec. She chose to move to the industrial park, where it can benefit from port facilities and the pipeline for energy supply.
The President of IFFCO, U.S. Awasthi, stated in the India Times, last September, that he hoped to “obtain environmental approvals within two or three years” and that production could begin by 2017-2018.
Quebec partner, the Coop fédérée, which claims to be the “largest provider of seed and fertilizer” in Quebec, is committed to have a large part of urea which will be produced at the Bécancour plant.
Quebec had already announced, meanwhile, that it would invest a maximum amount of 5 million.
Discussions between the three partners eventually led and they have to make public all the details of the transaction Tuesday.
Both the Parti Québécois as the Coop fédérée, it has refused to give more details on the new plant Monday, on the eve of the press conference.
“At the end of a negotiation of several months, the Coop fédérée announces its partnership with the Indian cooperative of agricultural fertilizer IFFCO in the realization of a project leading to the construction next a Canadian plant for the production of urea in Bécancour” simply to inform Ben Marc Diendérée, spokesman of the coop fédérée.
The closure of Gentilly-2 will be also on the agenda of the Liberals Tuesday, while the leader of the opposition official and member of Parliament for Saint-Laurent, Jean-Marc Fournier, met the Committee of strategic action for Gentilly-2. Liberal MPs will meet the press to account for the morning meeting.
Last week, the new PQ Government announced the closure of the Gentilly-2 nuclear power plant. This decision, which respects the findings of Hydro-Québec, has been strongly criticized by citizens who fear job losses. According to Radio-Canada, the new agricultural fertilizer plant will employ 500 workers for the construction and 200 for further operations.