Saturday, January 28, 2017

Update On North Dakota's $2 Billion Fertilizer Plant -- January 28, 2017

Data points from The Grand Forks Herald:
  • Northern Plains Nitrogen fertilizer plant
  • Grand Forks, ND
  • $2 billion
  • path unclear
  • "seed money" in place
  • project first announced in 2013
  • had hoped to have it up and running sometime this year
  • low commodity prices driving farmers away from corn and wheat (use nitrogen)
  • farmers moving to soybeans (don't use nitrogen)
  • promoters remain optimistic
  • other suppliers too far away: Iowa and Mexico
Maybe Mexico is a bit far, but Iowa? No, not really. Except you have to go through Minnesota on Warren's trains.

Having said that, this is the kind of project noveau riche Bakken mineral owners ( The Millionaires' Club) and the ND State Bank of North Dakota should support. 

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