Subsequent Event

9 Months Ended

Sep. 30, 2012

Subsequent Event

Subsequent Event

24.   Subsequent Event

        On November 1, 2012, we announced that we will construct new ammonia and urea/UAN production units at our complex in Donaldsonville, Louisiana, and new ammonia and urea units at our complex in Port Neal, Iowa. Our Board of Directors has authorized expenditure of $3.8 billion for the projects. These projects will increase our capacity, increase our product mix flexibility at Donaldsonville, improve our ability to serve upper-Midwest urea customers from our cost-advantaged Port Neal location, and allow us to benefit from the global cost advantage of North American natural gas. All of the new plants are scheduled to be on-stream by 2016.