North Dakota corn growers are planning a $1 billion nitrogen fertilizer manufacturing plant to be built near Grand Forks in rural Grand Forks County.
The plant will produce nitrogen fertilizer by converting gas currently being flared from oil wells in western North Dakota, according to Tom Lilja, president of the North Dakota Corn Growers Association. Other details will be released during today’s news conference.
The facility, which has been estimated to cost between $1 billion and $1.5 billion, could supply fertilizer for up to 12 percent of the corn and wheat acreage in North Dakota, South Dakota and Minnesota, Lilja said last summer, when the group initially announced plans to build a plant somewhere in North Dakota.If I have time, I might come back to this. This addresses an issue that was raised earlier. Perhaps investors coming to the Bakken are looking for opportunities in all the wrong places.