Finland's Kemira spends Euro21m upgrading nitric acid plant
08 April 2003 18:51 [Source: ICIS news]
LONDON (CNI)--Finnish agrochemicals business Kemira GrowHow announced Tuesday plans to invest Euro21m ($22.5m) on replacing an old nitric acid plant at its Uusikaupunki, Finland, site with a larger modern unit.
Kemira GrowHow president Heikki Sirvio told CNI that the replacement unit will boost capacity at Uusikaupunki to 450 000 to 500 000 tonne/year. He explained that the site currently operates two nitric acid plants with a total capacity of 350 000 tonne. The elder unit, which dates back to the '60s, will be dismantled, said Sirvio. He declined to quantify the unit's capacity.
He said erection of the replacement plant, which has been bought second-hand from Ireland, will start towards the end of this year. It is due onstream in summer (Q2/3) 2004.
Capital cost of the project will be met from GrowHow's own cash flow.
Sirvio stressed that the replacement plant has been constructed using the most recent technology, offering optimum environmental protection as well as energy efficiency.
He said it will further improve Uusikaupunki's cost efficiency and competitive advantage.
Sirvio added that the new unit will make Uusikaupunki self-sufficient in nitric acid and energy production. He said it would also be possible to supply heat energy generated in the process to partly cover the heat energy requirements of nearby Uusikaupunki city.
The Uusikaupunki plants are among Kemira GrowHow's biggest production units. The plants produce NPK (nitrogen-phosphorous-potassium) compound fertilisers mainly for field cultivation while exports account for about half the production.
By: Neil Sinclair
+44 20 8652 3214
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