Date
Timeline Description

The Fertilizer Project will help fund a synthetic nitrogen fertilizer plant to be built near Reykjavik.

Detail Description

The $850,000 loan will finance the building of a synthetic nitrogen fertilizer plant near Reykjavik with an annual capacity of 18,000 metric tons of ammonium nitrate equivalent to about 6,000 metric tons of pure nitrogen. Nitrogen is the most essential fertilizer for good grass production in Iceland and a continuous and ample supply is needed for the agricultural development program. The fertilizer plant will mainly use power from the Sog hydroelectric plant and will be able to produce fertilizer at a cost below the import price.

Image Timeline
Memo from M. L. Lejeune to files regarding the first negotiations meetings (1361745).
Image Timeline Caption

Memo from M. L. Lejeune to files regarding the first negotiations meetings (1361745).

Resource
Title
Fertilizer Plant Project
Description
P037386: Approved Aug. 25, 1952
The profile contains project and financial information and lists of project documents and archival records.
Image
Fertilizer Plant Project
Event
16
Title
Memo from M. L. Lejeune to files
Image
Memo from M. L. Lejeune to files
Description
Oct. 26, 1951
The memorandum contains a list of participants and a description of decisions made at the first negotiations meetings (1361745).
Event
16
Title
Report on the proposed loan to Iceland for the fertilizer plant
Image
Report on the proposed loan to Iceland for the fertilizer plant
Description
March 10, 1952
The report provides background on the proposed loan including sector history, loan characteristics, completed tasks, and steps to be taken (1361745).
Event
16
Title
Terms of Reference for Iceland mission
Image
Terms of Reference for Iceland mission
Description
July 24, 1952
Mr. Stevenson will head the mission to Iceland to obtain information needed in connection with the Icelandic government's request for a loan for a fertilizer plant (30346697).
Event
16
Image
Fertilizer plant
Title
Fertilizer plant
Description
1954
Bank loans financed the import of materials and machinery for modern farm operations and the construction of a fertilizer plant. This is a view of a fertilizer plant near Reykjavik (1722316; Credit: The World Bank).
Event
16
Image
Hydrogen fertilizer tank
Title
Hydrogen fertilizer tank
Description
1954
The hydrogen tank at the fertilizer plant near Reykjavik (1722316; Credit: The World Bank).
Event
16
Title
Fertilizer Plant Project: Technical Report
Image
Fertilizer Plant Project: Technical Report
Description
Document date: Aug. 21, 1952
The report appraises the technical and business aspects of the project.
Event
16
Title
Hydro-Electric, Agriculture, and Fertilizer Plant Projects: First Administration Report
Image
Hydro-Electric, Agriculture, and Fertilizer Plant Projects: First Administration Report
Description
Document date: Aug. 26, 1953
The report examines the loans' disbursement, end use, and service.
Event
16
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