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BusINess » Fertilizer

Posts Tagged ‘Fertilizer’

Hammond hopes for $80M deal with world’s largest fertilizer producer

Fertilizer maker PotashCorp is working with Indiana Harbor Belt Railroad on what would be an $80 million project at the Gibson Yard in Hammond, Mayor Thomas McDermott Jr. said. PotashCorp Public Affairs Director Bill Johnson confirmed the site, west of Indianapolis Boulevard, is one of several the company has looked at in the Midwest for its new operation. (Photograph by John J. Watkins/The Times)

Fertilizer maker PotashCorp is working with Indiana Harbor Belt Railroad on what would be an $80 million project at the Gibson Yard in Hammond, Mayor Thomas McDermott Jr. said. PotashCorp Public Affairs Director Bill Johnson confirmed the site, west of Indianapolis Boulevard, is one of several the company has looked at in the Midwest for its new operation. (Photograph by John J. Watkins/The Times)

The world’s largest fertilizer producer wants to locate a rail transfer center in Hammond at the Gibson Yard, which could kick off more development and job creation there, Hammond Mayor Thomas McDermott Jr. said.

City officials have talked about a “multimillion dollar investment” north of Summer Street for some time. But McDermott confirmed for the first time this week that PotashCorp, of Saskatoon, Canada, is the interested party.

The fertilizer maker is working with Indiana Harbor Belt Railroad on what would be an $80 million project at the Gibson Yard, the mayor said.

“It is a major, major investment that we are talking about at that location,” McDermott said.

In addition, Indiana Harbor Belt Railroad has told the city two other companies are interested in locating there if the deal is finalized, said Phil Taillon, Hammond director of planning and development. Total investment by companies at the site eventually could reach $200 million.
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