Grand Forks, N.D., will be the site of Northern Plains Nitrogen's proposed $1.5 billion fertilizer manufacturing plant.
NPN plans to natural gas from oil fields in western North Dakota to make anhydrous ammonia and urea.
"It is expected that the plant will be completed and ready to provide the area's growers with fertilizer in time for the 2017 growing season," says Don Pottinger, NPN chief executive officer.
No details are available yet on whether farmers will be able to invest in the plant and when such as an equity will take place.
NPN was formed by a group of farmers as a result of a study conducted by North Dakota State University. NDSU economists concluded that there were favorable conditions for the construction and operation of a nitrogen fertilizer facility in the northern plain. They dentified key market conditions such as the abundance of natural gas reserves in the area, along with other amenities, that would provide a reliable regional supply of fertilizer and reduce the dependence on imports.
The study was funded by corn grower organizations in North Dakota, South Dakota, and Minnesota and the North Dakota Soybean Council and the Manitoba Canola Growers Association.
NPN is currently concluding a "founders round" of financing and has added Consolidated Sourcing Solutions, Dakota Dunes, S.D., and their respective companies as founding members, Potttinger says.
Other NPN executives and board of directors are:
•Larry Mackie, NPN Chief Operations Officer
•Eugene Setka, Energy Advisor
•Darin Anderson, NPN Board President and president of the North Dakota Corn Growers Association
•Larry Hoffmann, NPN Board Secretary and grower from Wheatland, ND
•Duane Dows, NPN Board Treasurer and grower from Page, ND
•Bill Whipple, NPN Board Member and grower from Wilmot, SD
•Admiral Bill Owens, NPN Board Member & Former Vice Chairman of the Joint Chiefs of Staff and global businessman
•David Bednar, NPN Board Member and president of Continental Nitrogen and Resource Group, Edina, Minn.
•Doug Stone, NPN Board Member & CEO of Consolidated Sourcing Solutions
Grand Forks site
The proposed plant will be built on land adjacent to the Grand Forks wastewater treatment plant. There are currently discussions underway for NPN to utilize the wastewater effluent from the Grand Forks wastewater treatment process for the plant's water supply.
"This green-field world-scale production facility will be among the safest, most efficient and environmentally compliant ever constructed. By using modern technology which, among other benefits, reduces our carbon footprint, the NPN facility is taking shape to be a very exciting and worthwhile undertaking," says Don Pottinger, NPN CEO.
The plant will employ a peak construction workforce of approximately 2,000 workers and will provide approximately 135 full time employees in operations, maintenance, engineering, administration, and marketing when operational, according to Pottinger.For more information, see www.NorthernPlainsNitrogen.com