Northern Plains Nitrogen has been out on the road talking with growers and potential investors about the nitrogen production facility they plan to build in North Dakota. The meetings have given growers an opportunity to learn more about domestic nitrogen, NPN and how qualified investors can get in on the ground floor.
NPN recently partnered with a Chinese engineering firm for help with construction and engineering and the project is off to a running start. The $1.7 billion will be located near Grand Forks, ND where NPN will take advantage of a steady stream of natural gas at attractive rates.
Meetings have already been held in the Dakotas and in the next two weeks will include stops in Iowa, Nebraska, South Dakota and North Dakota.
From NPN's website, "You are invited to attend an informational meeting regarding an opportunity for qualified/accredited crop producers & investors to invest seed capital for the creation of a nitrogen production facility in the northern plains. Northern Plains Nitrogen is a start up company created by northern plains commodity organizations, as a result of a favorable study about the viability of a new production facility, that could take advantage of the lower natural gas prices resulting from increased gas production in North America.
North Dakota Corn Growers have been involved in nurturing this project, which has allowed us the chance to extend an invitation to you to learn more about this new business and it’s investment opportunities. This invitation should not be construed as an offer to invest, which can only be done by providing you a private placement memorandum which will be available at the meetings."
Qualified investors can get more information at the meetings, but everyone interested in domestic nitrogen is encouraged to attend. Currently the United States imports roughly half of the nitrogen applied to crops and NPN along with other Midwestern projects look to decrease reliance on imported N and capitalize on robust shale gas resources.
Click here for the full schedule and consider attending a meeting near you, all are welcome.