Portuguese construction firm Mota-Engil reported that it has signed an agreement with Pemex Transformación Industrial for the construction of a fertilizer plant in Mexico, Bloomberg reported on July 16, citing a regulatory filing.
Mota-Engil said the agreement includes the development of the engineering, construction, financing, and operation of a plant for ammonia, urea, and AdBlue, with annual production estimated at more than 700,000 mt. Construction of the $1.2 billion project is expected to last 42 months.