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Sweden-Based Cinis Fertilizer Plans Hopkinsville, Kentucky, Production Operations

12/21/2024
Sweden-based Cinis Fertilizer, a producer of green fertilizer, plans to establish production operations in Hopkinsville, Kentucky. The $109.2 million project is expected to create 65 jobs.

The investment will include the construction of a new 1 million-square-foot advanced battery materials processing facility at Commerce Park II which will recycle waste salt from battery production from Ascend Elements to produce low-carbon. Operations are scheduled to begin in late 2025.

“We are very excited to be taking a first step outside the Nordics and continuing our expansion by establishing our next production facility in Hopkinsville,” said Cinis Fertilizer founder and CEO Jakob Liedberg. “We will recycle waste streams from Ascend Elements to produce an environmentally friendly mineral fertilizer, enabling a more sustainable agriculture. We are grateful for the warm welcome we have received in Kentucky and look forward to becoming part of the community and contributing to the future of Hopkinsville.”

To support the project the Kentucky Economic Development Finance Authority preliminarily approved a 15-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $1.5 million in tax incentives based on the company’s investment of $109.2 million and annual targets of: creation and maintenance of 65 Kentucky-resident, full-time jobs across 15 years; and paying an average hourly wage of $38, including benefits, across those jobs.

Additionally, KEDFA approved Cinis Fertilizer for up to $250,000 in tax incentives through the Kentucky Enterprise Initiative Act (KEIA). KEIA allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing.

“Kentucky has worked hard to ensure that we see investment and job creation in every corner of the state, and Hopkinsville has continually been a hub for both,” noted Governor Andy Beshear. “This investment from Cinis Fertilizer builds on the economic growth Christian County has seen in recent years, and I’m excited to see this company thrive in its new Kentucky Home.”

By meeting its annual targets over the agreement term, the company can be eligible to keep a portion of the new tax revenue it generates. The company may claim eligible incentives against its income tax liability and/or wage assessments. In addition, Cinis Fertilizer can receive resources from Kentucky’s workforce service providers.

“Cinis Fertilizer’s decision to choose Commerce Park II continues to demonstrate that our region has the location, workforce, business environment and quality of life to help companies succeed from announcement through every anniversary,” added Carter Hendricks, executive director of the South Western Kentucky Economic Development Council.

Cinis Fertilizer’s patent-protected technology uses half as much energy as today’s dominant production method, and the result is a potassium sulfate fertilizer with a low carbon footprint, enabling sustainable agriculture.

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