Iowa Governor Terry Branstad announces major economic expansion for CF Industries.
SIOUX CITY, Iowa (KTIV) -
Governor Terry Branstad made the announcement during a press conference late Thursday afternoon.
CF Industries has announced it'll construct a one-point-seven billion dollar expansion of its Port Neal facility near Salix, Iowa.
That's how much CF Industries will invest in the Port Neal facility over the next four years.
That represents the largest capital investment project in Iowa history.
You'll recall, CF Industries bought Terra Industries, and its Port Neal plant, in 2010.
The investment will help them fund a plant expansion, which will include a state-of-the-art ammonia and granular urea production unit.
It's an investment, and an expansion, that will have ripple effects beyond Woodbury County.
"This kind of investment will have a major economic impact that will be felt all over our state, especially here in Northwest Iowa and also benefiting neighboring states as well," Governor Terry Branstad of Iowa said.
The expansion at CF Industrial's Port Neal facility will also include the addition of 100 new jobs, nearly doubling the plant's workforce.
Those new jobs would pay from $50,000 a year.
But, after those workers are certified, they could earn up to $80,000 a year.
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