06 December 2012 20:28 [Source: ICIS news]
HOUSTON (ICIS)--Ohio Valley Resources LLC (OVR) has selected Spencer County, Indiana, as the location for a proposed $1bn (€760,000m) nitrogen fertilizer plant, the Indiana Economic Development Corporation (IEDC) said on Thursday.
The Spencer County site was selected because of its access to two interstate natural gas pipelines, said OVR chief executive Doug Wilson.
The location also offers convenient rail and highway access, as well as the potential for river access, said OVR, a privately-held company based in Illinois.
The nitrogen fertilizer plant will be the first of its type to be constructed in the US by a domestic firm in more than a quarter-century, OVR said.
Some of the ammonia production will serve the local utility markets for nitrous oxide (NOX) to control emissions in coal-fired power plants and industrial facilities, OVR said.
In addition, the plant will produce 300 st/day of diesel exhaust fluid (DEF), a urea solution used to reduce emissions in diesel engines.
"We are extremely proud that our new plant will help to stabilize the supply and price of nitrogen fertilizers to serve the eastern Corn Belt and thereby, support the regional agricultural economy," Wilson said.
Approximately 1,200 workers will be needed to construct the plant over a three-year period.
Upon its projected completion in 2016, the facility will employ approximately 80 full-time workers.
($1 = €0.76)
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