A $1 billion nitrogen fertilizer plant expected to benefit agricultural producers in the Midwest will be built in Spencer County, Ind., with completion planned in 2016. Ohio Valley Resources LLC announced the project planned for roughly 150 acres north of Rockport.
"By providing a reliable source of emissions-control products to support a cleaner environment, we will play a key role in boosting domestic agricultural production," CEO Doug Wilson says. "Best of all, we will rely on American workers using domestic sources of natural gas. 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."
The company also looked at operating near Owensboro, Ky., but chose the Indiana site because of its proximity to two interstate natural gas pipelines, railroads, highways and rivers, among other factors.
About 2,420 tons of ammonia will be produced at the site daily, along with 3,000 tons of urea ammonium nitrate and 300 tons of diesel exhaust fluid (DEF), which is used to cut emissions in diesel engines.
Construction will take three years and require about 1,200 workers. Beginning in 2016, the facility will employ about 80 full-time workers.