CHS, America’s leading farmer-owned cooperative, and OCP North America recently announced that they are jointly investing in a $450 million phosphate fertilizer production facility at the Cornerstone Energy Park in Waggaman. The new plant is expected to produce more than 1 million metric tons of phosphate-based fertilizer annually and would be the first of its kind constructed in the U.S. since 1984.
The potential to bring this new capacity online could reduce U.S. dependency on imported phosphate-based fertilizer by more than 48 percent, significantly strengthening the domestic fertilizer supply chain.
In connection with the proposed joint venture, the OCP Group will supply phosphoric acid to the facility, drawing on its global phosphate expertise and resources. Finished fertilizer products will be distributed through both OCP North America and CHS, which serves cooperatives, retailers and farmers across the United States through its extensive wholesale and retail crop nutrients network.
The plant’s location within the Cornerstone Energy Park will help ensure access to raw materials and the ability to transport products via the Mississippi River. Read the announcement.
