Originally news was published on 22 May, 2014

AM Agrigen has selected a site in St. Charles Parish, La., to build a US$1.2 billion fertilizer plant.In Louisiana, AM Agrigen Industries can tap the highest density of interstate and intrastate natural gas pipelines in the U.S., along with low, stable prices on an abundant supply of natural gas undefined the key raw material for producing nitrogen-based fertilizer, the Louisiana governor’s office said in a statement.

Feasibility studies on the project are underway, and the company expects to make a final investment decision in the first quarter of 2015. Houston-based AM Agrigen has secured options to purchase 650 acres near Killona in St. Charles Parish and  has begun the process of filing for environmental permits.

Construction would begin in mid-2015 and take about 30 months to complete.

The AM Agrigen project is the latest in a series of major foreign direct investment projects to select Louisiana.

“From Sasol in Southwest Louisiana to Benteler Steel/Tube in Northwest Louisiana and Dyno Nobel in Southeast Louisiana, global investors are infusing tremendous amounts of capital into our state’s manufacturing sector,” Governor Bobby Jindal said.

To secure the project, Louisiana offered the company a performance-based US$5.6 million grant to offset infrastructure costs of the project. The company also is expected to utilize the state’s Quality Jobs and Industrial Tax Exemption programs.

*NEWS SOURCE