Monday, July 15, 2013

If You Were In The Fertilizer Business, Where Would You Build Your Fertilizer Plant?

Regular readers know I am very, very excited about the potential for the fertilizer industry in North Dakota. Keep that in mind while reading the linked article.

SeekingAlpha is reporting:
Denny Wright: If you were the CEO of a plastics or fertilizer business, where would you base your company?
Bill Powers: It depends on where you were selling your fertilizer. There is a very large Egyptian company along the Mississippi River in Iowa that actually owns IFC (Iowa Fertilizer Company) and, they have spent over a billion of dollars building the first world scale fertilizer plant in the United States in 25 years. Canada is also an attractive place given the amount of natural gas and the extensive pipeline system. In the United States one risk you would run as an industrial user are supply interruptions once natural gas prices really rise. In Canada, I think you are less likely to have that happen.
That's part of an article that you might find interesting. I disagree with much of the premise of the author, but he's an expert and I'm not. 

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