The site of a new nitrogen fertilizer plant in Tuscola, Ill. The plant is slated to be built on 240-acres of farmland and bring 2,000 construction jobs and 175 permanent jobs to the area.

Construction of Cronus fertilizer plant delayed as costs soar

In October 2014, state and local officials and Cronus Chemicals CEO Erzin Atac donned hard hats in an empty farm field to announce a deal to bring a $1.4 billion nitrogen fertilizer plant to central Illinois.

Atac said he hoped to break ground in 2015 in Tuscola, Ill., with plans to complete the plant by early 2017.

But this spring Cronus Chemicals quietly announced on its website that the estimated cost is now $1.9 billion – more than 30 percent above the original estimate. The website also says the plant will not be finished until the last quarter of 2019 – or at least 30 months later than the initial completion date.