Russia, Japan and China signed a billion dollar deal on the construction of a urea fertilizer plant in the Russian Volga republic of Tatarstan.
The agreement was signed in the presence of Russian President Dmitry Medvedev, who arrived in Japan for the Asia-Pacific Economic Cooperation (APEC) summit on Friday.
Japanese companies Mitsubishi Heavy Industries and Sojitz, the China National Chemical Engineering Company, and Russian state-owned company Amonia signed the contract to construct Russia's first new large-scale fertilizer plant in 20 years.
The plant, which will have capacity for producing both ammonia and methanol from natural gas, is due to open for production in town of Mendeleyevsk in 2015.
Production output is forecast at 2,050 metric tons of ammonia, or 1,382 metric tons of ammonia and 668 metric tons of methanol, per day.
YOKOHAMA (Japan), November 13 (RIA Novosti)
