KuibyshevAzot will create new nitric acid and ammonium nitrate production
Never miss important fertilizer news
The KuibyshevAzot plant (the city of Togliatti, Samara region) plans to implement a project to create a complex for the production of nitric acid and ammonium nitrate with a capacity of 1.575 and 2 thousand tons per day, respectively. Investments in its construction will amount to 18.3 billion rubles (approximately $245.5 million).
The project will be implemented by KuibyshevAzot’s subsidiary Nitrokom. 49% of its authorized capital will be acquired by the Vnesheconombank (VEB), which, together with Gazprombank, provided a syndicated loan of 15.2 billion rubles (approximately $203.7 million).
Enjoyed this story?
Every Monday, our subscribers get their hands on a digest of the most trending agriculture news. You can join them too!
In focus
Stock quotes
Most read
Events
Live
It is alarming to see these developments in California. As a vineyard grower, I have faced significant challenges this year, with fertilizer costs rising sharply while market conditions have made it difficult to sell the harvest.
California peach growers forced to remove 420,000 trees after bankruptcy of Del Monte Foods canneries
About
Discussion0 comments