SASKATOON — Belle Plaine, Sask. has been chosen as the site of a billion-dollar proposed fertilizer plant by Genesis Fertilizers Limited Partnership.
The factory would be a majority farmer-owned, 700,000 MT urea fertilizer plant, with an estimated price tag of $1.7 billion, reads a press release.
Genesis is in the process of securing land for construction of the facility and is contemplating a network of distribution facilities across the Prairies.
The facility is expected to reduce the net cost farmers pay for fertilizer and mitigate supply issues.
It is estimated the project will generate more than 5,000 man-years of employment during the design, engineering and construction phases. Ongoing operations could support more than 130 full-time jobs, states the release.
“The Government of Saskatchewan has made it a priority to create a competitive business environment that supports major projects such as the Genesis Fertilizer urea facility,” Trade and Export Development Minister Jeremy Harrison said in a statement.
The company has significant work ahead to raise capital and finish engineering designs before the project can move to the construction phase.