First US phosphate plant to be built since 1984

The Economic Times reports that Morocco’s OCP North America and CHS, the largest farmer-owned cooperative in the US, are planning to build the first US phosphate fertiliser plant since 1984 in Louisiana. With an estimated annual production capacity of over 1 million tonnes, the $450 million facility is expected to create around 500 construction jobs and 60 permanent positions.

The project, announced on August 26, would be located at the Cornerstone Energy Park in Waggaman, Louisiana, providing access to the country's most important agricultural transportation network. The companies estimate that the plant could reduce the US's reliance on phosphate fertiliser imports by more than 48%, although this figure is based on a company projection and has not been independently tested.

Brief written by urgent.news from The Economic Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.