Cronus Fertilizers announced today that it has executed an Engineering, Procurement and Construction (EPC) contract with Tecnimont - Illinois, a subsidiary of Tecnimont S.p.A., for the Cronus Fertilizers plant in Tuscola, Illinois. The Lump Sum Turnkey (LSTK) EPC contract is valued at approximately $1.5 billion and is pursuant to the Memorandum of Understanding signed by Cronus and Tecnimont S.p.A. (Italy) in Nomember 2014.

Tecnimont S.p.A is the main subsidiary of Maire Tecnimont S.p.A.

Construction is expected to begin in the summer of 2015 following financial closing and will be completed in approximately three years. 

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