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PhosAgro awards construction contract to Mitsubishi consortium for large ammonia project in Russia

7:52 AM MDT | June 21, 2013 | Ian Young

PhosAgro (Moscow), a leading integrated producer of phosphate fertilizers, says it has awarded a contract to an international consortium led by Mitsubishi Heavy Industries to construct a previously announced ammonia plant at PhosAgro's Cherepovets, Russia site. The plant, as previously reported, will have capacity for 760,000 m.t./year of ammonia. Start-up is slated for the first half of 2017. the project is expected to cost about $785 million and be financed from PhosAgro's cash flow and from third-party funding. The construction consortium will include Sojitz...

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