Iowa fertilizer plant sold as part of $8 billion deal - DesMoinesRegister.com

is based within the Netherlands.

That buy consists of CF Industries overtaking ownership of OCI's $2 billion fertilizer plant in Lee County, that operates as Iowa Fertilizer Co. construction web site throughout Lee County within December 2014.(Photo: Courtesy associated with Iowa Fertilizer Co.)

The Iowa Economic Development Authority will have to assess the corporate changes prior to deciding the means the offer affects state incentives, an authority spokeswoman said.

CF Industries is situated in Deerfield, Ill. and also OCI N.V. within an $8 billion deal, the 2 stated Thursday.

A controversial fertilizer plant under construction inside southeast Iowa will possess a new owner after having a merger of a couple of major fertilizer companies.

Federal, state and also nearby officials have got granted any subsidiary associated with OCI a lot more than $540 million within economic incentives.

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. The Actual company is actually currently constructing any $2 billion fertilizer plant near Sioux City.

Supporters like Gov. Terry Branstad, however, get heralded your project like a boon with regard to Lee County. The Actual Iowa Fertilizer Co. that can be additionally to $1.6 million in previously awarded loans.

The offer can give CF Industries a pair of billion dollar fertilizer plants in Iowa. the project offers a substantial investment within the location as well as much-needed jobs, they've said.

After the deal, CF Industries will be a subsidiary of the new holding business based in the United Kingdom.

CF Industries will choose the North American and also European operations involving OCI N.V. The Particular plant is predicted for you to price regarding $1.9 billion along with isn't but complete.

The Lee http://plantthink.com County project turned heads among its critics for your an incredible quantity of us dollars associated with incentives hawaii awarded OCI.

The a pair of companies stated the deal can create the actual world's largest publicly traded nitrogen company.



For example, the particular Iowa Economic Development Authority on the own has approved about $107.5 million in tax benefits to be able to OCI

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