--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20210614-phosagro-is-considering-a-new-construction-project/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # PhosAgro is considering a new construction project Publication Date: 2021-06-14T19:00:58-04:00 Last Updated: 2021-06-14T14:22:05-04:00 Author: Dmitry Savinsky (https://www.fertilizerdaily.com/author/dsavinsky/) Categories: [Corporate](https://www.fertilizerdaily.com/corporate/), [Markets](https://www.fertilizerdaily.com/markets/) ![PhosAgro is considering a new construction project](https://www.fertilizerdaily.com/wp-content/uploads/2021/06/laptop-desk-notebook-computer-macbook-writing-764432-pxhere.com_.jpg) The long-term development strategy may be changed. PhosAgro CEO Andrey Guryev announced that the company is considering the construction of a new complex for the production of ammonia and carbamide worth about 120 billion rubles (approximately $1.67 billion). According to his statement, at the end of this year or the beginning of the next one, PhosAgro will present a development strategy until 2025 adjusted taking into account market trends. The adjusted strategy suggests the expansion of the company’s raw material base for ammonia and increasing sulfuric acid and ammonium sulfate capacities. The projects are currently at the stage of a feasibility study. The forecasted by PhosAgro capital investments currently remain at the approved level of 41.5 billion rubles (about $577 million). Source: [Kommersant](https://www.kommersant.ru/doc/4839129?utm_source=yxnews&utm_medium=desktop&utm_referrer=https%3A%2F%2Fyandex.ru%2Fnews%2Fsearch%3Ftext%3D) Tags: [ammonia](https://www.fertilizerdaily.com/tag/ammonia/), [carbamide](https://www.fertilizerdaily.com/tag/carbamide/), [nitrogen fertilizer](https://www.fertilizerdaily.com/tag/nitrogen-fertilizer/), [PhosAgro](https://www.fertilizerdaily.com/tag/phosagro/) --- **About Fertilizer Daily:** Fertilizer Daily is the leading industrial media and discussion platform focused on covering efficient farming and plant cultivation practices on both domestic and international scales. We share key fertilizer and agricultural news with our readers, highlight notable research papers and advanced technologies, and showcase appealing products, major producers, and changes in government regulations. Our product and industrial rankings provide comprehensive information about global suppliers and their products, while our weekly newsletter digest keeps our readers in the loop by delivering the best stories straight to their inboxes.