Gras plans to launch the production of ammonium sulfate
The Industrial Development Fund approved the loan of 406 million rubles ($6.6 million) provided to Gras company, which is implementing a project to produce up to 253 thousand tons of granulated ammonium sulfate per year.
Future production is planned to be located on the land of Kemerovo Azot (part of the Azot Group). The total investment in the project will be 1 billion rubles (over $16.2 million). The first batch of granulated ammonium sulfate is expected to be received next year.
Gras is a joint asset of GSM Chemical and Azot Group.
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