Intrepid selected for proposed $139 million grant toward a new fertilizer plant
The U.S. Department of Agriculture selected Intrepid Potash ($IPI)’s proposed sulfate-of-potash facility near Carlsbad, New Mexico, for approximately $139 million in matching funding under its FIELDS program. Current plans envisage capacity of roughly 220,000 tons a year. The facility would add a fertilizer product to Intrepid’s existing portfolio and expand its participation in specialty agricultural inputs. Selection is an important financing step, but the award has not been finalized and does
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