The Dickinson Press is reporting.
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.
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