2018 has started badly for Midwest Fertilizer Company and its proposed nitrogen complex in Mount Vernon, IL.
Tag: Fatima Fertilizer Company
Midwest / Fatima fertilizer plant update: the taxman cometh
It must have been a long summer for Midwest Fertilizer Company, which has been attempting to wrangle ThyssenKrupp into a new EPC contract while mounting a challenge to the IRS. Both efforts are essential if the project is to have any chance of moving forward. Nonetheless, Midwest recently announced a revised budget along with its new groundbreaking and start-up schedule.
Midwest Fertilizer update: EPC, air permits, sukuk, and bonds
Midwest Fertilizer Company continues to juggle progress and setbacks on its $3 billion greenfield nitrogen plant in Indiana, following the December 2016 termination of its EPC contract with ThyssenKrupp. In the last few weeks, we've seen updates on the EPC contract, air permits, debt financing in Pakistan, and the $1.259 billion tax-exempt bond issue in the US.
Midwest EPC contract terminated
Midwest Fertilizer Company's EPC contract with ThyssenKrupp is now terminated.
Midwest Fertilizer’s EPC contractor, TKIS: kickbacks, gifts, lawsuits, and resignations
In case you wondered why the CEO of ThyssenKrupp Industrial Services resigned last week in Germany, it's all because of Midwest Fertilizer Company's greenfield plant in Indiana - and the (alleged) shenanigans involved in securing the Midwest EPC contract from Fatima Fertilizer Company in Pakistan.