Locals say Magnida not halted – Alert

Local sources in Idaho tell Green Markets that the Magnolia Nitrogen Idaho (Magnida) project continues though the project has lost the backing of major investor Egypt Kuwait Holding (EKH). Kristen Jensen, the Power County economic developer, who has been working closely with Magnida on the project, said Magnida is working to secure equity financing from other sources. Magnida was not immediately available for comment.