Elected Officials and State Government and Regional News and Environment and Agriculture/Farming and Government & Economic Development and Mike Pence and Economic Development

Posey County backs bonds for $1.3B fertilizer plant

June 20, 2013

County officials are issuing $1.3 billion in bonds for a fertilizer plant being developed by a Pakistan-based group after Gov. Mike Pence pulled state support.

The Posey County Council voted unanimously Wednesday in favor of the financing plan for the project planned in the county west of Evansville.

Pence withdrew the state's incentives offer for the plant because fertilizer made by Pakistan-based parent company Fatima Group was used in bombs in Afghanistan that have killed American troops.

The Evansville Courier & Press reports company attorney Tom Campbell said the facility will produce urea ammonium nitrate, which is a fertilizer not used in explosives.

County officials say the plant developers are responsible for repaying the bonds. The plant is expected to have about 300 workers.

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