22:01 GMT26 October 2020
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    EuroChem, one of the biggest producers of mineral fertilizer in Russia, has invested $1 billion in an ammonia plant project in Kingisepp, the Leningrad Region.

    KINGISEPP (Leningrad Region), (Sputnik) — The company plans to have a facility capable of producing 1 million tons of commercial ammonia per year by 2018. The project includes an ammonia synthesis unit (NH3), a liquid ammonia storage installation, as well as infrastructure and logistics facilities.

    Natural gas, nitrogen, and water will be used as raw materials.

    “The Phosphorit plant’s industrial area is where EuroChem has decided to build what will be Russia’s largest ammonia producing plant and one of the best plants in the world in terms of environmental and technical standards in addition to its capabilities,” acting Governor of the Leningrad Region Alexander Drozdenko said at the ground breaking ceremony.

    According to Mr Drozdenko, Gazprom will guarantee uninterrupted gas distribution to the site. Upon opening, the new plant will be a source of new jobs and tax revenue.

    EuroChem General Director Dmitry Strezhnev said at the ceremony:

    “As a result of this project and along with our other projects, we’ll be the only company in the world outside of the United States, which can produce all types of mineral fertilizers. We’ll produce all types of raw materials, too. We won’t have to buy them from anyone.”

    Founded in 2001, EuroChem Mineral and Chemical Company is one of the leading producers of nitric and phosphorous fertilizers in the world. Its main shareholder is Eurochem Group SE (controlled by Andrei Melnichenko and Dmitry Strezhnev), which owns 85% of the stock, with another 15% managed by Eurochem. 

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    Tags:
    gas, liquified gas, ammonia plant, Leningrad region, Russia
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