The Herald Bulletin

Afternoon Update

State News

April 8, 2014

Pence renews talks over Posey Co. fertilizer plant

(Continued)

The state originally supported building the plant in the Port of Mt. Vernon. But the $2.1 billion plant would now be built on a different 219-acre site near the Ohio River, after approval last year from the Posey County Commissioners. Plant officials told Evansville Courier & Press last fall they plan to produce urea ammonium nitrate, a fertilizer that is not used in explosives.

Posey County officials quickly stepped in last year after the state withdrew its support and offered financial incentives to the developers, including $1.3 billion in bond sales to finance the project. The county effectively filled the role that the Indiana Finance Authority had been filling when it first offered the financing.

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