CHS to build USD 3 billion Fertilizer Plant in North Dakota

Fertilizer Plant Project

CHS to build USD 3 billion Fertilizer Plant in North Dakota

CHS Inc., a major farmer-owned cooperative in the USA and a global agriculture and energy business, announced it will proceed with construction of a fertilizer manufacturing plant at Spiritwood (ND). The CHS Board of Directors approved final plans for the approximately USD 3 billion project at its September 2014 meeting.
(ed. WoMaMarcel - 09/10/2014)
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Carl Casale, president and chief executive officer, CHS Inc.

St. Paul (MN), USA – Groundbreaking will take place following completion of additional details, with the plant intended to be fully operational in the first half of calendar 2018. When complete, the plant will employ 160 to 180 people. “With this decision, CHS is taking an important, strategic step on behalf of its member-owners by ensuring them a reliable domestic supply of nitrogen fertilizers essential to help farmers raise healthy, profitable crops to feed a growing global population,” said Carl Casale, CHS president and chief executive officer.

The fertilizer plant at Spiritwood will be the single largest investment in CHS history, as well as the single largest private investment project ever undertaken in North Dakota. “CHS is proceeding today as the plant’s sole investor,” said Casale. “However, because our owners’ interests are at the heart of what we do, we will always pursue ownership of strategic assets and partnerships that will help us continually add value to their businesses.”

Tim Skidmore, CHS executive vice president and chief financial officer, said, “CHS is a financially strong company with the balance sheet strength to undertake this significant investment. We believe this fertilizer plant will deliver solid returns on our owners’ investment in addition to providing them with an essential crop input.” The CHS fertilizer plant will produce more than 2400 t of ammonia daily which will be further converted to urea, UAN and Diesel Exhaust Fuel (DEF). resident, Ag Business. CHS first announced its interest in building a fertilizer manufacturing plant in September 2012. In April 2014, the company postponed a final decision when construction and labour costs exceeded initial estimates.

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