Construction is expected to begin in the coming weeks, with the facility targeted for completion in fall 2028.
The proposed plant is expected to produce more than 1 million metric tonnes of phosphate-based fertilizer annually, creating a substantial new source of domestically manufactured crop nutrients for American farmers.
The agribusiness firm reported higher losses despite steady revenue growth during the period.
The investment expands custom seed treatment services for cereal crops and specialty vegetables across several US states.
Operating the terminal under a lease gives CHS control over throughput and logistics without adding the facility to its balance sheet.