It’s a big step forward for a fertilizer plant in Posey County.
Midwest Fertilizer says it’s reached an agreement with ThyssenKrupp Industrial Solutions to design and build the nitrogen fertilizer plant for more than $2 billion.
Midwest says in a news release that it expects to close on the contract this summer, with construction starting after that.
The fertilizer plant has been in the works for more than three years, and is expected to generate more than 2,500 construction jobs over a three-to-four year period and about 200 permanent jobs.
The plant is expected to be up and running by 2020.
The principal sponsor and developer of the project is Fatima Fertilizer Company, a part of Pakistan-based Fatima Group.
Governor Mike Pence initially stayed away from negotiating with the group, over concerns that the company’s fertilizer could be used for improvised bombs in the Middle East.