As stated by John May, Managing Director at Stern Brothers, while the company intends to analyze a broad range of financing options, its primary focus will be on loans and loan guarantees, tax credits, taxable and tax-exempt bonds, and other forms of private and institutional investment.
“Our ultimate objective is to put together the lowest cost long term financing package for this first-of-its-kind project. We have reviewed SynGest’s proprietary technology, and are confident that it can be put to good and profitable use in Iowa and beyond”, May added.
After the Iowa project is launched this year, SynGest intends to build similar fertilizer mini-plants in other parts of the country. Discussions regarding emerging opportunities are presently underway with interested parties in Ohio, Oregon, Michigan and Minnesota.