A 31.5 billion liras (US$1.8 billion) fertilizer production facility to be established by Tosyalı Gübre Sanayi AŞ in the Zonguldak province will receive project-based government aid, according to a recent presidential decision published in the Official Gazette. The aid will come in the form of an exemption from customs duty, VAT exception, VAT return, and a 100% income tax cut, according to a Bloomberg report.
The facility is expected to produce some 1.855 million mt of fertilizer products, including 581,000 mt/y of urea, 600,000 mt/y of calcium ammonium nitrate, 330,000 mt/y of DAP/NPK, and 60,000 mt/y of potassium nitrate.
The investment is expected to be completed in four years as of May 2022.