Southeast New Mexico continues to welcome new and innovative industry. A combination of factors makes it an optimal setting for IC Potash Corp. and other businesses, including: a skilled workforce and established training programs; flat, arid and sparsely populated land; a dependably mild climate (>320 annual days of sunshine, >55F annual average temperature, <15 inches of annual precipitation); state and local tax incentives; and a pro-business attitude that supports companies of all kinds.
In addition to ICP, other growing businesses in Lea and Eddy Counties include:
URENCO USA National Enrichment Facility
URENCO USA is the first enrichment facility to be built in the U.S. in 30 years and the first ever using centrifuge enrichment technology. The southeast New Mexico facility enriches uranium to be used as fuel in nuclear power plants throughout the world. URENCO employs approximately 350 employees and supports between 600-900 ongoing construction jobs.
Due to advances in hydrofracking and horizontal drilling, the Permian Basin is experiencing a resurgence of petroleum activity. Several companies, including international manufacturers, have located – or are exploring the potential of locating – new or expanded facilities in southeast New Mexico.
Waste Isolation Pilot Plant
WIPP is the only deep-geologic permanent disposal facility in the US, and is limited to the disposal of defense-generated transuranic (TRU) radioactive waste. WIPP is owned by the U.S. Department of Energy (DOE) and operated by a management & operations contractor for DOE (currently Washington TRU Solutions, LLC).
Exelon Wind, a division of Exelon Power, owns and operates a wind turbine array in the Lovington area, called the Wildcat Wind Project. Wildcat Wind is capable of producing 27 MW of clean electricity, which will be fed into Lea County Electric Cooperative’s power grid.
Eldorado Biofuels is a leading industrial waste water treatment company focused on the production of renewable, algae-derived biofuel as a domestically-produced, clean-transportation energy. The company has a demonstration facility established in the City of Jal in southeast New Mexico – hence the product name “Jalgae” – and plans to commercialize production in the near future.
Through a partnership between Emergent Technologies and Lea County, AeonClad established their new operations base in Hobbs, New Mexico. AeonClad coats feathers to make them water resistant for lining cold weather gear. This is the first “research to commercialization” project that has been realized through a Lea County/Emergent Technologies partnership.
SunEdison has completed work on a 50 MW photovoltaic solar deployment in southeast New Mexico. The deployment consists of five sites, four in Lea County and one in Eddy County, each with a 10 MW solar array. The solar arrays will generate enough energy to power more than 192,000 homes for a year.
Joule is developing a revolutionary platform for renewable fuel and chemical production that is expected to eclipse the scalability, productivities and cost efficiency of any known alternative to fossil fuel today. Joule produces fuels directly from sunlight and waste CO2 in a novel, Gas-to-Liquid conversion process. They were named a 2013 Bloomberg New Energy Pioneer.