Magnida, ConAgra reach agreement – Alert
Magnida Inc. and ConAgra Foods Inc. reached a pre-Christmas agreement which will allow Magnida to proceed with its $2 billion nitrogen plant at American Falls, Idaho. ConAgra had opposed an air permit for the proposed Magnida plant, which would be built next to ConAgra’s large potato processing facility.
Earlier in December, the Idaho Board of Environmental Quality voted 5-1 to send the disputed permit back to a hearing officer for further clarification.
After the IBEQ decision, Idaho Governor Butch Otter was credited with getting involved to get the two companies to iron out their differences.
Magnida says it is in the final stages of lining up financing. It hopes to break ground in the summer of 2015 and have the plant in production as early as 2018.