Belarus producer Grodno to raise capro capacity

18 January 2008 09:52  [Source: ICIS news]

MOSCOW (ICIS news)--Belarus fertilizer producer Grodno Azot is to invest Belarus rubels (Brb) 213bn ($99m/€68m) this year, Brb40bn more than in 2007, mostly on raising caprolactam capacity to 140,000 tonnes/year by early 2009, it said in a statement on Friday.

The state-owned Grodno Azot currently has capacities to produce 650,000 tonnes/year of nitrogen fertilizers, 110,000 tonnes/year of caprolactam and 55,000 tonnes/year of methanol.

In July 2007, Grodno Azot cut its investment programme till 2010 by $54m due to higher natural gas prices.

Its investment programme included 10 projects to raise the plant's fertilizer, caprolactam and methanol capacities, as well as projects to produce biofuel.

($1 = Brb2,157/€1 = Brb3,155)

By: Sergei Blagov
+44 20 8652 3214

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