Commerce Department says ND has seen increased activity and investment in capital projects

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North Dakota is seeing a lot of activity and investment in major capital projects – across the state.

“We’ve had more ‘deal flow’ than we’ve ever seen before,” said Josh Teigen, director of economic development and finance for the North Dakota Department of Commerce. “A lot of times companies come in and launch the tyres. But we don’t end up with a project.”

Teigen said now that we see almost every proposal being converted into an actual project. He said the impetus was Gov. Doug Burgum’s announcement of the goal for the state to be “carbon-free” by 2030.

“They put the shovel in the ground,” Teigen said. And he said a good number of projects are “value-added”. And he said the impetus was Gov. Doug Burgum’s announcement of the goal for the state to be “carbon-free” by 2030.

“That’s how a lot of people started looking at North Dakota,” Teigen said.

Teigen mentions the soybean crushing and corn milling plants that have been announced. And he added that capturing carbon dioxide from coal-fired power plants and ethanol refineries could also add value. He said the three affiliated tribes were exploring a greenhouse project, which would use captured CO2 to grow plants.

“It’s good for our tribal nations, as well as partnerships between tribal governments, the private sector and state government,” Teigen said. “I think we could do some really cool stuff in the next two years.”

And Teigen said the state is currently in talks with fertilizer companies to locate here.

“Our growers pay some of the highest prices in the country for fertilizer because we’re at the end of the supply chain,” Teigen said. “Well, we have the natural gas here and the demand – so it’s a perfect storm for companies like that to come in.”

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