Illinois or Iowa still choice for Cronus Chemicals ammonia plant

16 October 2013 23:01  [Source: ICIS news]

HOUSTON (ICIS)--Illinois and Iowa are still the choices for Cronus Chemicals in selecting a site for its proposed ammonia plant despite speculation that other states are being considered for the $1.1bn (€814m) fertilizer project, company officials said on Wednesday.

With the decision having been delayed previously due to cost reviews, Delaware-based Cronus said the two states are still the frontrunners for the facility initial projected to be in operation by 2016.

Officials said that others states were reviewed in the beginning but the decision is now between locations in Mitchell County, Iowa, and Tuscola, Illinois.

The questioning of site location gained traction earlier this week when Illinois Governor Pat Quinn said that other states were possible choices for the project. At the time he said he still thought Illinois had put in its best effort to attract the facility.

Cronus spokesperson Dave Lundy said the company still anticipates making an announcement on which location has been chosen within the next several weeks. 

The facility is anticipated to have an annual production capacity of 800,000 tons of ammonia, which would be converted into 1.4m tons of granular urea.

Construction of the plant is expected to take up to 30 months. The plant will employ about 225 full-time workers when at fully operational, as well as 1,000-2,000 during the construction phase.

Cronus Chemicals is headed by veteran fertilizer executive Erzin Atac, the former president of Transammonia Fertilizer, and is owned by Swiss and Turkish investors.

($1 = €0.74)

By: Mark Milam
+1 713 525 2653

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