Terra Industries Inc. has announced that Terra, CF Industries, Inc. and ANSA McAL Limited are studying the construction of a world scale ammonia and urea ammonium nitrate (UAN) manufacturing facility in the Republic of Trinidad and Tobago. The National Energy Corporation of Trinidad and Tobago Limited has designated a site for the facility at Union Estates and the parties have negotiated a long-term natural gas supply with the National Gas Company of Trinidad and Tobago.

The three companies have also selected a German engineering company, Uhde GmbH, to perform engineering work and estimate the project's cost. In the process of this work, Uhde will solicit bids from Trinidadian and international suppliers and subcontractors. Uhde expects to complete its work during the summer of 2005.

ANSA McAL Limited, headquartered in the Republic of Trinidad and Tobago, is a highly diversified regional conglomerate involved in the manufacturing, brewing, financial services, automotive and distribution sectors.

CF Industries, Inc., headquartered in Long Grove, Ill., is a major producer and distributor of nitrogen and phosphate products. CF is owned by and serves eight regional farm supply cooperatives.

Terra Industries Inc., headquartered in Sioux City, Iowa, is a leading international producer of nitrogen products. Terra reported 2004 revenues of $1.5 billion.

Source: Company Release