Intrepid Potash Inc（IPI）资讯与事件IPIIntrepid Potash Inc

USDA Funds Eight Fertilizer Projects with Over $1.34B Investment

U.S. Vice President J.D. Vance and Secretary of Agriculture Brooke Rollins announced the selection of eight fertilizer manufacturing projects to receive funding through the U.S. Department of Agriculture's Fertilizer Investment & Expansion for Long-Term Domestic Supply Program. The eight selected projects represent more than $1.34B in total proposed investment, including approximately $573M in proposed USDA funding, to strengthen domestic fertilizer manufacturing, reduce America's dependence on foreign suppliers, and increase long-term fertilizer availability for American farmers. TalusAg was selected for approximately $99.8M in proposed USDA funding toward a $270.2M project to deploy 20 modular ammonia manufacturing units across 11 locations in seven states. Peace Valley was selected for approximately $19.9M in proposed USDA funding toward a $50.6M project to expand fertilizer manufacturing in Bartow, Florida. PCI Nitrogen was selected for approximately $100M in proposed USDA funding toward a $200M project to modernize fertilizer manufacturing facilities in Pasadena, Texas, and St. Helens, Oregon. Intrepid Potash (IPI) was selected for approximately $47.4M in proposed USDA funding toward a $98.1M project to modernize and expand an existing ammonia manufacturing facility in Hopewell, Virginia. SUL4R-PLUS Illinois was selected for approximately $34.9M in proposed USDA funding toward a $69.7M project to expand an existing sulfur fertilizer manufacturing facility in Marissa, Illinois. True Organic Products was selected or approximately $15.3M in proposed USDA funding toward a $30.6M project to expand fertilizer manufacturing at facilities in Helm, California; Boardman, Oregon; and Arlington, Arizona. And Agriculture Project Holdco was selected for approximately $116.9M in proposed USDA funding toward a $360M project to develop two fertilizer manufacturing facilities in Lewis, Kansas, and Fair Oaks, Indiana. Other publicly traded companies in the agriculture space include Andersons (ANDE), Archer Daniels (ADM), Bunge (BG), CF Industries (CF), Compass Minerals (CMP), and Mosaic (MOS).