Mitsubishi Corp. said Tuesday it has won a contract to build an agricultural fertilizer plant in Turkmenistan with a Turkish construction company.
Together with Mitsubishi Heavy Industries Ltd., the trading company will be responsible for the plant’s design and for procuring its equipment. The contract is worth $1.3 billion.
Turkish partner Gap Instaat Yatirim ve Dis Ticaret AS will build the plant, which will be capable of producing 3,500 tons of urea fertilizer per day. The fertilizer will be made using ammonia produced from natural gas.
Construction of the plant will begin in the first half of 2015, and the completed utility is expected to begin operations in 2018.