Recently, the U.S. company said in a statement CHS , canceled its planned investment to build nitrogen fertilizer plant in North Dakota, because the project is too costly .

According to local estimates of fertilizers and food cooperatives , construction costs up to $ 2 billion , and there may continue to increase . This is much higher than the 1.1 billion - $ 1.4 billion budget previously estimated . Investment costs are too high to make CHS are not optimistic about the rate of return for the project. During the first phase of the feasibility study , CHS has invested $ 10 million . Statistics show that the construction plans for the first time publicly in 2012 , the design of Nissan ammonia, urea and other nitrogen products downstream capacity of approximately 2,200 tons , the plan was to get the unanimous support of the North Dakota governor and other officials.

Previously , CHS plans in the North Dakota Spritwood plant , the main consideration there are plenty of local natural gas reserves. It is understood that North Dakota is rich in oil and natural gas reserves , oil in the western region of the state has also developed a large number of natural gas. This advantage was affirmed by many analysts .

Although CHS does not completely reject the project in a statement , and promised to look for ways to reduce costs , but many industry insiders believe that the statement means that CHS is unlikely to invest in factories here .

After the project was canceled Spritwood Midwest fertilizer companies benefit from the project in Indiana or from nitrogen in ammonia and urea ammonium nitrate solution design , Nissan and other nitrogen products, the item can be equally about 2200 tons . Members of the project has been partially supported by the state . The project construction will start in the fourth quarter.