Fertil ehf. is planning to construct a giant fertilizer factory in Iceland. The investment is not expected to be lower than 30 billion Icelandic crowns ($245 million, €162 million) and the factory would require 350 MW of electricity, Iceland Review reported early last week.
The most probable location is Thorlakshofn in south Iceland.
The company’s representatives have met with ministers, local authorities, energy companies, the Invest in Iceland Agency and foreign companies.
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