Ukrainian fertilizer producer OPZ reveals H1 production performance

LONDON (ICIS)–Ukraine’s Odessa Port Plant (OPZ) on Tuesday revealed it produced 409,200 tonnes of urea and 276,100 tonnes of ammonia in the first six months of 2021, with volume sent to domestic and foreign customers.

The state-owned enterprise did not provide comparative data but confirmed both urea units and one of its two ammonia plants operated during the January-June reporting period.

Of that ammonia volume, 42,100 tonnes were sold on a commercial basis, while OPZ’s transhipment facilities loaded 1.04m tonnes of ammonia at the Black Sea port of Yuzhny, as well as 363,000 tonnes of urea.

The state-owned firm also “significantly” increased deliveries to domestic buyers, with nearly 22,000 tonnes of ammonia and 51,000 tonnes of urea moved by rail and road – up 1,200% and 170% year on year, respectively.

The positive performance meant the producer swung to a profit of Ukraine hryvnia (UAH) 434m ($16.1m) in H1 2021, versus a loss of UAH1.18m in the year-ago period.

OPZ is an important player in the global ammonia and urea trade. Photo courtesy of OPZ

($1 = UAH26.9)