Company to pay $2 million for 245 acres in Pointe Coupee for plants

BioNitrogen Corp., which plans to build five plants in Pointe Coupee Parish that will convert agricultural waste into fertilizer, said it has signed a deal to buy 245 acres near Lettsworth for about $2 million.

BioNitrogen of Doral, Fla., said it expects to close the deal in the fourth quarter, and hopes to begin construction on the first plant shortly afterward. The land is next to the Pointe Coupee Port Commission Port. Bryan Kornegay Jr., BioNitrogen president and CEO, said the location provides access to the Mississippi, Red and Atchafalaya rivers, with excellent road and barge access.

The land is also surrounded by “significant forest biomass” within 75 miles on three sides and agricultural biomass to the south, Kornegay said. BioNitrogen plans to use scrap trees and waste from saw mills and sugar-cane bagasse to make fertilizer.

The CCC Group, a San Antonio, Texas, industrial construction firm which has an office in Geismar, will build the plants. Kornegay said the construction of the five facilities will create the equivalent of 2,000 construction jobs.

The local plants will be built in succession, with production at the first facility beginning in the first quarter of 2015.

The Pointe Coupee Parish plants will be built in parallel with a fertilizer plant in Hardee County, Fla.