Magnida: 1.5 Plant in East Idaho

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Updated: 1/22/2014 9:41 pm
Magnida wants to build a $1.5-billion dollar ammonia plant in Power County.

The project, which has been in the works since last year is scheduled get under way this year with an aim at construction in 2015 and an opening in 2017.

The company website claims that the goal is to create environmentally-compliant fertilizer that would meet the needs of the farmers in the area. In order to provide the water necessary for this plant, Magnida has already secured senior industrial water rights.

The company C.E.O, Ric Sorvo, thinks that this plant could provide jobs that will change lives.

"It will make a significant economic impact, it will change the community in a very positive way for many, many years to come i think that they'll be people that get to send their kids to college that maybe wouldn't otherwise have an opportunity to do that so it will be a great thing for the community and the area,” Sorvo said.

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