Local officials in southwestern Indiana say they remain confident a proposed fertilizer plant costing more than $2 billion will be built even though more than four years have passed since it was announced.
Midwest Fertilizer Co. says it's negotiating a new construction contract for the project near the Ohio River city of Mount Vernon after the previous deal expired in December.
Company interim president Les Wright told the Evansville Courier & Press that he remains confident the plant will be successful. Construction hasn't yet started despite the company saying it expected to do so during 2016.
Southwest Indiana Economic Development Coalition director Greg Wathen said it's a complicated project because of its size but he still anticipates the plant's construction. The completed factory is expected to employ about 200 workers.
Midwest Fertilizer announced in January 2016 that it had awarded a contract to ThyssenKrupp Industrial Solutions USA to design and build the project on a 226-acre site about 20 miles west of Evansville. The coast estimate was $2.7 billion.
Financing for the project was to be finalized by mid-2016 and the plant was projected to be completedin 2020, former Midwest Fertilizer President Mike Chorlton told the Evansville Courier & Press.
The plant is expected to produce nitrogen fertilizer and diesel exhaust fluid for the U.S. market.
The project's principal sponsor and developer is Fatima Fertilizer Company, part of Pakistan-based Fatima Group.