Cronus Chemicals announced it will build its new fertilizer plant outside of Tuscola, Ill., which is about 20 miles south of Champaign. The company will also open a U.S. headquarters in Chicago, according to Illinois Department of Commerce and Economic Opportunity spokesman David Roeder.
State economic officials confirmed that the company will build a $1.4 billion fertilizer plant that will employ 175 people. Approximately 2,000 temporary construction jobs will be created as the project is being built. Construction is expected to begin next spring and is projected to take about three years to complete.
This week's decision marks the completion of a decision that has taken more than a year and half. Both Illinois and Iowa offered competing bids for the fertilizer company to pick their state, each offering generous packages and incentives. However, details about each state's incentives have not been released.
According to the St. Louis Post-Dispatch, "The 250-acre Tuscola site is primarily farm land that sits alongside a CSX rail line. It is also near Interstate 57 and has easy access to major natural gas lines a key component in fertilizer production. The site was once considered for the FutureGen clean-coal project.
According to Cronus Chemicals' website, "The facility will produce 800,000 tons per year of anhydrous ammonia, the majority being converted to 1.4 million tons per year of granular urea.
Cronus Chemicals is owned by a group of Swiss and Turkish investors.