PhosAgro is considering the creation of a new production complex

PhosAgro is considering the prospects of creating a new complex for the production of ammonia and carbamide at the site of the Apatit enterprise (the city of Cherepovets, Vologda region).

“The company is confident in the future and is considering the possibility of building new ammonia and carbamide production complex in Cherepovets,” said PhosAgro CEO Andrey Guryev.

According to his statement, over the past seven years, the total volume of capital investments of PhosAgro amounted to 240 billion rubles (approximately $3.25 billion), half of which was allocated to implement a large-scale investment program for the development of the Cherepovets chemical cluster. Within the program, the company launched high-tech capacities for the production of 760 thousand tons of ammonia and 500 thousand tons of carbamide per year.

“This year, we commissioned a new unit for the production of sulfuric acid with a capacity of 3.3 thousand tons per day and the modernized Cryolite rail station,” noted Andrey Guryev.

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