which is used to promote crop growth

In order to secure the Mosaic plant, Louisiana had offered the company a Modernization Tax Credit of $3 million and job training services.None of those incentives had been provided since Mosaic had not completed the front-end engineering and design work on the project, Louisiana Economic Development Secretary Stephen Moret said.The state has offered CF Industries a $3 million tax credit;I think that tells an interesting story  a $2 million loan that doesn't have to be repaid if the company meets payroll targets; and workforce training.Moret said CF will receive those incentives.Moret said LED expects to announce "other large ammonia manufacturing projects" in the coming months.The ammonia contract was part of a group of deals announced Monday between CF Industries and Mosaic. CF Industries also will sell its phosphate mining and manufacturing business to Mosaic for $1.4 billion in cash. The total includes $200 million to cover environmental liabilities associated with gypsum stacks, a byproduct of phosphate mining.David Dismukes, associate director of the LSU Center for Energy Studies, said both companies are focusing on what they do best.

CF Industries is more known for nitrogen-ammonia-based fertilizer while Mosaic specializes in phosphate and potash, or potassium, fertilizers, he said.The Minnesota-based company, until now primarily focused on potash, will pay $1.2 billion cash to acquire the South Pasture mine and related assets plus $200 million to fund CF's asset retirement obligation.The acquisition is expected to add approximately $0.30 per share to Mosaic's 2015 earnings per share, excluding any debt financing costs and any changes to outstanding share count, the company said.The firm, member of Canpotex  a North American group, the world's largest potash exporting said CF will contribute with 1 million tonnes a year of ammonia, a nitrogen product used in making finished phosphate products. This will allow Mosaic to abandon its plans to build a $1.1-billion ammonia manufacturing plant in Faustina, Louisiana.Potash is one of the main ingredients for making agricultural fertilizer, which is used to promote crop growth. Phosphate and nitrogen are the other two key components.