Italy's Maire Tecnimont said on Monday it had signed a memorandum of understanding with Pakistan's Fatima Group Principals and Midwest Fertilizer Corporation to build a nitrogen fertilizer complex in the United States.

Under the contract that is yet to be finalised, Maire Tecnimont would oversee engineering, procurement and building of the fertilizer complex in Indiana. The project is expected to worth around $1.6 billion, Maire Tecnimont said.

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Source: http://www.reuters.com