CHS Inc. said Friday it will build a $3 billion fertilizer plant North Dakota, the single largest investment in the Inver Grove Heights-based company’s history.
CHS, the nation’s largest farmer-owned cooperative, has been considering the plant since 2012. The nitrogen fertilizer factory will become fully operational in the first half of 2018 and will employ 160 to 180 people.
“With this decision, CHS is taking an important, strategic step on behalf of its membership owners by ensuring them reliable domestic supply of nitrogen fertilizers essential to help farmers raise healthy, profitable crops,” CHS CEO Carl Casale said in a press statement.
CHS said the plant will also be the single largest private sector investment in North Dakota history.