Northern Plains Nitrogen announces today it is prepared to offer investment opportunities in the new production facility. The plant, located near the heart of natural gas country, will take advantage of locally favorable natgas pricing and supplies and will benefit growers by providing competitively priced nitrogen. The facility is expected to go operational in 2017 and will produce up to 2,400 tons of ammonia per day which will be processed into anhydrous, urea and UAN solutions.
Stipulations apply, but growers and investors are invited to invest directly in the new nitrogen production facility. The full release from Northern Plains Nitrogen follows...
September 25, 2013: Plans for North Dakota's first Fertilizer plant are moving forward. As of today, Northern Plains Nitrogen offers growers and other interested parties the opportunity to invest directly in the $1.7 billion project located in Grand Forks. The plant, which is slated to begin operation in 2017, will greatly benefit local growers by providing a solution to the lack of domestic Nitrogen production.
Northern Plains Nitrogen Chairman Darin Anderson says of today's news, "We are very excited to announce that farmers, ag producers, and others have the opportunity to invest directly in this project".
North Dakota is unique in that it is one of the few places worldwide to have millions of acres of farmland next to rich deposits of Oil and Natural Gas, making it the perfect location for the new facility. The recent increase in corn and canola production coupled with the fact that new varieties of wheat require a higher quantity of Nitrogen illustrates the steadily increasing demand for Nitrogen. Currently over 50% of Nitrogen used domestically is imported from foreign plants in varied locations including Trinidad, Canada, Russia and The Middle East. Because of proximity, Northern Plains Nitrogen has the advantage over foreign suppliers by being able to offer Nitrogen-based products to local growers and ag producers without the expanded transportation costs. The plant will produce approximately 2,400 tons of ammonia per day, which will be converted to additional products.
Shares are available to accredited investors. Consult your accountant or financial professional for accreditation requirements. Visit northernplainsnitrogen.com for details.
This announcement is not an offer to purchase securities of Northern Plains Nitrogen, LLP ("NPN"). The securities are only being sold by NPN pursuant to a Private Placement Memorandum ("PPM") and may only be purchased by accredited investors who provide independent verification of accredited investor status. "Accredited investor" means individuals who meet certain minimum annual income or net worth thresholds ($200,000 of annual income for single persons, $300,000 for married persons, or $1,000,000 of net worth exclusive of a home and related mortgage debt). To receive a copy of NPN's Private Placement Memorandum contact NPN by phone at (605) 582-6706, in writing at Northern Plains Nitrogen, LLP c/o Val-Add Services Corporation, P.O. Box 793, Brandon, S.D. 57005, or by email at BMinish2@hotmail.com.