Garner, IA — Greenfield Nitrogen

UPDATED: 05/14/2018 — see Change Log

OWNER: Greenfield Nitrogen LLC
PROJECT: Greenfield ammonia plant[memberful does_not_have_subscription=”1314-ammonia-industry-annual-subscription,1311-ammonia-industry-monthly-subscription,3338-ammonia-industry-30-day-subscription”]

COST (reported): $220 million
JOB CREATION (reported): no data — no Job Openings yet [LINK]
START-UP DATE (reported): 2020

CAPACITY USGS[1] COMPANY[2] PERMIT[3] ADJUSTED[4]
Ammonia 120,815 stpy [Membership required] [Membership required]
Units: stpd, stpy, mtpd, mtpy = short/metric tons per day/year.
[1] United States Geological Survey (USGS) Mineral Yearbook, Nitrogen gives capacity in metric tons per year, calculated as “engineering design capacity adjusted for 340 days per year of effective production capability,” rounded to three significant digits. Source: most recent year, Table 4: Domestic Producers of Ammonia, http://minerals.usgs.gov/minerals/pubs/commodity/nitrogen/.
[2] Company website.
[3] [Membership required]. Sources: linked below.
[4] [Membership required]. See Methodology.

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ADDITIONAL INFORMATION

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SUMMARY STATUS: Financing Phase
Following years of quiet development, Greenfield Nitrogen launched its financing roadshow in March 2018 and, by mid-May, “has raised about $40 million.” If the company succeeds in raising its $103 million equity round, this will be the first plant built with the Linde Ammonia Concept (LAC) technology for regional-scale ammonia production.

COST: $220 million
JOB CREATION: No data — no Job Openings yet [LINK]
START-UP DATE: 2021 estimate, 2020 announced
LIKELIHOOD: Possible — see Methodology

CAPACITY USGS[1] COMPANY[2] PERMIT[3] ADJUSTED[4]
Ammonia 120,815 stpy 109,602 mtpy
Units: stpd, stpy, mtpd, mtpy = short/metric tons per day/year.
[1] United States Geological Survey (USGS) Mineral Yearbook, Nitrogen gives capacity in metric tons per year, calculated as “engineering design capacity adjusted for 340 days per year of effective production capability,” rounded to three significant digits. Source: most recent year, Table 4: Domestic Producers of Ammonia, http://minerals.usgs.gov/minerals/pubs/commodity/nitrogen/.
[2] Company website.
[3] Project downsized since air permit application. Sources: linked below.
[4] Adjusted Capacity is in metric tons per year assuming operations for 365 days per year; based on company figures. See Methodology.

FEEDSTOCK: Natural gas
END PRODUCTS: Ammonia

RESEARCH NOTES:
Research Note to follow.

Click to enlarge. Source: Greenfield Nitrogen
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ADDRESS: Welch Avenue & Highway 18, Garner, IA 50438, United States

WEBSITE: https://www.greenfieldnitrogen.com

REGULATORY SOURCES:

  • USGS: Minerals Yearbook, Nitrogen [RECENT / ARCHIVE]
  • Construction Permitting: Iowa DNR Construction Permits (search: Plant Number 41-02-019)[LINK]
  • US Securities and Exchange Commission regulatory filings: EDGAR Search Results, Greenfield Nitrogen LLC, CIK#: 0001673997 [LINK]

NEWS SOURCES:

  • 05/11/2018: Globe Gazette: Investing in local: Iowa farmers pitch in towards $40M raised for Garner ammonia plant [LINK]
  • 03/07/2018: Greenfield Nitrogen press release: Greenfield Nitrogen, LLC, to Build Regional Iowa Ammonia Plant Through Grass-roots Ownership [LINK]

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