In December 2017, Nauticol and Entreprise IFFCO Canada ltée announced ProjetBécancour.ag Limited Partnership (“ProjetBécancour.ag”). ProjetBécancour.ag is successfully developing a leading-edge facility that will produce high-quality methanol and urea. The integrated facility will be capable of producing 1 million tonnes of methanol and 700 thousand tonnes of urea per year, and will supply the growing global demand for methanol and urea. The facility’s innovative technology optimizes the use of natural gas, producing urea using waste from the production of methanol. Nauticol owns a 50 percent limited partnership interest in ProjetBécancour.ag.
ProjetBécancour.ag’s facility recovers the gases from the production of methanol (hydrogen and carbon dioxide) to produce urea. Combining the two technologies reduces capital and operating costs and impacts on the environment. In addition, a by-product of the manufacturing process is recovered and marketed as a liquid fertilizer.
Producing urea from the by-products and waste of the methanol production unit offers considerable economic, energy and environmental benefits:
UP TO 200 PERMANENT JOBS
Creation of highly skilled jobs
From urea and methanol imports
ELIMINATING 300,000 TONNES OF GHG EMISSIONS
Due to the integration of methanol and urea technology into one operation
RECOVERY OF ~55% CO2 EMISSIONS
From the methanol facility to produce urea
On capital and operating costs
REDUCTION OF FINANCIAL RISK
Due to complementary urea and methanol economic cycles
AFFORDABLE CLEAN ALTERNATIVE
From Canada’s natural gas
Urea is widely used by the agricultural sector as a fertilizer to increase crop yields. As the world’s population grows, and food production increases to meet that growth, global demand for nitrogen fertilizer is climbing at a rate of 3 to 4 percent per year.
Demand for urea across North America currently exceeds supply. Currently, Québec’s agricultural producers import 100 percent of their urea requirements. When fully operational, ProjetBécancour.ag will meet the demand of Québec, Ontario, Eastern Canada and the Northeastern U.S.
Methanol is used to manufacture a range of products and goods used around the globe in everyday life. Natural gas is the primary feedstock for most of the methanol produced in the world today.
With ready access to rail and shipping infrastructure, Nauticol’s facility is also well-poised to supply methanol to growing North American and European markets.