A spokesperson for the OCI Media Group of the Fertilizer Business Sector announced on February 18 that the company is considering investing US$1.3 billion in the southeastern part of Iowa to build a world-scale large-scale comprehensive nitrogen fertilizer plant .
The person in charge of OCI said: "The Iowa Economic Development Bureau will provide investment incentives for OCI. This project is now on several options of the company's board of directors. The company will not publish more until the board has discussed the results. Related news."
Currently, Iowa and local local officials are cautiously optimistic about this project. The Iowa Economic Development Bureau recently stated that if the project can proceed smoothly, the government is willing to provide 37 million U.S. dollar awards for this project. Previously, local media reported that the government could provide up to 1.2 billion U.S. dollars in low-rate bond financing for this project. The large-scale fertilizer plant construction project will not only receive direct financial assistance from the Iowa Economic Development Bureau, but will also enjoy preferential tax policies.
"The new plant will provide ammonia and nitrogen fertilizer products to manufacturers and farmers in Iowa and Other parts of the Midwestern United States," the state government said. "This project investment is expected to exceed $1 billion."
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