Tecnimont Receives Fertilizer Plant Order in India

Tecnimont (Milan) and its Indian subsidiary Tecnimont ICB (TICB; Mumbai) have signed a letter of intent with the National Fertilizer Ltd. (NFL) covering the conversion of an ammonia plant at Nangal in the state of Punjab, India from fuel oil/low sulfur heavy feedstock to re-liquefied natural gas. The contract, valued at $240 million, will be realized on a lump sum, turnkey basis and will cover the provision of technology, engineering, procurement, construction and commissioning services with completion scheduled for 2013. Capacity of the ammonia plant will remain...

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