MHI receives contract for Bangladesh fertilizer plant
Mitsubishi Heavy Industries Ltd. (MHI) and China National Chemical Engineering No.7 Construction Co. Ltd, have signed a fertilizer plant construction project for Bangladesh Chemical Industries Corp., an organisation owned by the Bangladesh government.
This will be the largest fertilizer plant in Bangladesh, with production capacity of 2800 tpd. The project will be managed through an engineering, procurement and construction (EPC ) contracting arrangement, with completion scheduled for 2022.
As the next step, arrangements for financing have begun in cooperation with Marubeni Corp., and the contract will officially come into effect once the financing is finalised.
The fertilizer plant will be built in Polash under the district of Narsingdi, 50 km northeast of the capital city of Dhaka. It will utilise natural gas produced in Bangladesh, and have the capacity to produce 1600 tpd of ammonia and 2800 tpd of urea.
Demand for fertilizer is booming to produce more agricultural products in Bangladesh, driven by the country's high economic growth rate, which reached a record 7% in fiscal 2017.