Iowa Fertilizer Company

Iowa Governor Terry Branstad is confident his state will come out on top when it comes to a proposed $1.5-billion fertilizer plant.

Orascom Construction Industries is said to be considering multiple sites in Iowa for the plant, along with locations in central Illinois and Texas.

Branstad says he has personally talked to representatives of the Egypt-based company about Iowa’s history of honest, reliable government, especially when compared to Illinois.

Fertilizer Company Considering Quad City Area

Jul 13, 2012

Scott County and the company that wants to bring a $1.5 billion fertilizer plant to the Quad-Cities have had preliminary talks about incentives although the project still faces several hurdles.

Lee County, IA has some competition in its efforts to land a new industry.

The county has spent months trying to encourage Iowa Fertilizer Company to build a plant on several hundred acres of land just north of Fort Madison.

The company is a subsidiary of Orascom Construction Industries, which is headquartered in Cairo, Egypt.

The $1.3-billion plant could create up to 200 permanent jobs and several thousand short-term construction jobs.

Lee County will receive some outside help in its efforts to land a new industry.

The Board of Supervisors has agreed to hire attorney Bob Josten to negotiate with Iowa Fertilizer Company on behalf of the county.  Josten is with Dorsey & Whitney, a Des Moines-based law firm the county uses when it borrows money.

Iowa Fertilizer Company is considering a 300-acre site near Wever for a $1.3-billion dollar fertilizer plant. 

The Iowa Economic Development Authority Board is paving the way for a pair of projects in southeast Iowa.

During a meeting on Friday, the board signed off on a $1.6-million dollar award for the development of a large-scale fertilizer plant on 300 acres of land near Wever in northern Lee County.

The funding for Iowa Fertilizer Company will come through a forgivable loan, a loan, and tax benefits.

The company is a subsidiary of Orascom Construction Industries out of Cairo, Egypt.

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