ThyssenKrupp bags $2 bn EPC contract from Midwest Fertilizer

ThyssenKrupp bags $2 bn EPC contract from Midwest Fertilizer

12:06 PM, 27th January 2016
ThyssenKrupp bags $2 bn EPC contract from Midwest Fertilizer

INDIANAPOLIS, US: Midwest Fertilizer Company LLC said that it has entered into an agreement with ThyssenKrupp Industrial Solutions (US) Inc, to design and build a nitrogen fertilizer manufacturing facility in Posey County, Indiana at an agreed aggregate price in excess of $2 billion, with financial close expected in mid-2016.

The contract awarded to ThyssenKrupp covers engineering, procurement, construction (EPC) and related services. Construction will start after the financial close. The facility is expected to be fully operational in 2020.

“This partnership allows us to move forward with the next phases of this world-class project in southwest Indiana,” said Mike Chorlton, president and CEO, Midwest Fertilizer Company.

This facility will produce ammonia, urea, urea ammonium nitrate (UAN) and diesel exhaust fluid. UAN is the preeminent liquid fertilizer used in the Midwest.

“Thanks to Posey County’s business friendly environment, we are on the path to provide farmers in Indiana and the Midwest a reliable local source of high-quality nitrogen fertilizer,” said Chorlton.

The fertilizer plant is expected to generate more than 2,500 construction jobs over a three to four year period and approximately 200 permanent employment opportunities. Once completed, the fertilizer plant will provide local production for the farmers in the Eastern Corn Belt.

The principal sponsor and developer of the project is Fatima Fertilizer Company, a part of Fatima Group. Fatima Group is one of the leaders in the fertilizer industry and has diverse manufacturing businesses in fertilizer, textiles, sugar and energy. Since selecting ThyssenKrupp to supply a fertilizer production plant in 1973, Fatima’s fertilizer business and ThyssenKrupp continue to work as partners.

“We are confident that Midwest Fertilizer Company’s success will open up avenues for further progress and development in southern Indiana,” said Fawad Mukhtar, chairman, Fatima Group.

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