Fertilizers, Phosphate

EuroChem Invests US $7 Bln in Two New Potash Mines

Russian fertilizer giant EuroChem is busy working to enhance its global standing in the fertilizer industry. To reach its goals and ambitions, the company is investing about US $ 7 billion in two new mines: one in the Volgograd area of southern Russia, while the other is located near the city of Perm, close to the Ural Mountains.
The two plants are scheduled to start production by 2017. Their combined output is expected to reach 8.3 million tonnes of potash by 2022.
EuroChem officials say: “There are only three companies in the world that produce nitrogen, phosphate and potash — we want to be number four”.
EuroChem employs about 20,000 people and produces around 10 million tonnes of fertilizer a year. The company is also building a new ammonia plant on the Baltic Sea and a phosphate mine in Kazakhstan.
It is Russia’s largest mineral fertilizer producer and ranks among the top three European and top ten global producers. EuroChem wants to become among the top five global players within the next 5 years.

About the Author

is a lawyer and analyst specialized in EU affairs and international finance. PhosphatePrice.com values the diversity of opinions and believes that the plurality of points of view is an asset that should be preserved.