May 23, 2016
Cadwalader successfully advised Phibro in its acquisition of SG Solutions’ clean coal gasification plant near West Terre Haute, Indiana.
Phibro and its partners plan to spend $450 million to convert the facility to produce ammonia fertilizer for use in the Midwest, aiming to wrap up construction by mid-2018. Following the conversion, the plant will use petroleum coke sourced from Midwest refineries as a feedstock to produce ammonia.
The plant used to produce synthetic gas and steam to fuel the Wabash River Combined Cycle Plant in Indiana. Phibro said the plant's clean coal technology enables the company to economically repurpose it for ammonia production.
The Cadwalader team included Paul Pantano, Chad Mills and Kathryn Shurin.
Cadwalader’s leading Energy and Commodities Practice has broad and deep experience in all forms of complex regulatory, compliance, transactional, investigations, and enforcement defense matters involving energy, metals, and agricultural commodities and related listed and over-the-counter derivatives. The team provides counsel to leading U.S. and international financial institutions; investment funds; oil, power and natural gas companies, producers, and developers; industrial and commercial customers; trade associations; commodity marketers; exchanges and clearing organizations.
Dorothy Auth, Howard Wizenfeld
Joshua Apfelroth, Richard Brand, William Mills, Christopher Porcelli, Victoria Saunders
Jean Bertrand, Mark Howe, Jason Schwartz, Gary Silverstein, Linda Swartz, David Teigman, Edward Wei
Jodi Avergun is speaking at this ACI event on January 30 in Washington, DC.