PhosAgro plans new gas-chemical units in northern Russia

07 April 2011 15:31  [Source: ICIS news]

MOSCOW (ICIS)--Russia's PhosAgro signed an agreement with the Vologda authorities on Thursday to cooperate in the development of a new gas-chemical production hub at Cherepovets in the north of the country, the regional government said in a statement.

The project aims to integrate PhosAgro's existing plants in the region with new units in order to produce more gas-chemical products and limit the consumption of natural gas, the statement said.

PhosAgro also reiterated plans to start the operation of a new urea production unit next year.

The leading phosphate fertilizer producer controls Azot Cherepovets and Ammophos, both based in the Vologda region of northern Russia, and Balakovo Mineral Fertilisers, based in the central Saratov region, as well as Apatit mining company in the north.

In April 2010, Azot Cherepovets started construction of a new 1,500 tonne/day urea unit at Azot's premises. The facility is due to come on stream by April 2012.

Azot Cherepovets currently produces about 500,000 tonnes/year of mineral fertilizers and some 1.1m tonnes/year of ammonia, according to the company.

For more on fertilizers visit ICIS pricing fertilizers

By: Sergei Blagov
+44 20 8652 3214

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