|Koch Nitrogen to build New urea plant and increase existing production|
|Friday, 17 May 2013 00:00|
WICHITA, Kan. ––Koch Nitrogen Company, LLC is moving forward with plans to build a new urea plant at its Enid, Okla., facility. In addition, the company is revamping existing production processes at the facility. Combined, the investments are estimated at $1 billion and are expected to increase fertilizer production at the facility by more than 1 million tons per year. The improvements to existing processes will be implemented in stages from 2014-2016. Construction on the new plant, which will include additional storage and enhanced loading facilities, is expected to begin in the fourth quarter of 2014. The plant is projected to be operational in 2016.
“The investment we are making through Koch Nitrogen underscores our confidence in the future of our overall fertilizer business and our commitment to customers for the long-term,” said David Robertson, president and chief operating officer of Koch Industries, Inc. “In addition to the significant increase in capacity, this investment will serve to improve our operational efficiency and competitive position in North America.”
“We are pleased Koch Industries is once again expanding its presence with a new investment in Oklahoma,” said Oklahoma Governor Mary Fallin, “Koch is well acquainted with our favorable business climate, with three separate companies already operating in the state, employing nearly 1,800 Oklahomans and generating more than $146 million in annual compensation and benefits for our economy. This substantial investment in Enid by Koch Nitrogen to build a new ultra-modern fertilizer production plant is further proof that our commitment to keeping business taxes low and regulations reasonable is paying dividends in the form of quality jobs for our state.”