PHOS-AGRO, the Russian vertically-integrated chemical holding company producing fertilizer, phosphates and feed phosphates, has published its 2021 financial results. In 2021, PhosAgro’s revenue grew by 65.5% to over $5.4 billion, EBITDA more than doubled to almost $2.5 billion. This growth was driven by PhosAgro record output of finished products, a recovery in global mineral fertilizer prices throughout 2021, and strong demand amid low inventory levels in key markets. Sales of phosphorus and nitrogen fertilizers in 2021 increased by 1.2% to 7.762 million tons and 9.1% to 2.495 million tons, respectively. “I would like to note that 2021 was a record year for us not only in terms of production results. The company’s financial performance reached historically high levels,” said PhosAgro CEO Andrey Guryev. “The growth in production and sales of fertilizers, ensured by the implementation of a long-term investment program, allowed us to increase the company’s revenue by more than 50%, which at the end of the year exceeded 420 billion rubles (over $5.4 billion). Favorable conditions in the global agricultural markets also contributed to the growth of business margins and high cash flow generation. EBITDA in 2021 more than doubled and amounted to a record 192 billion rubles (almost $2.5 billion) in the entire public history of the company.”
GRUPO NITRO, the Brazilian manufacturer of specialty chemicals and inputs for agribusiness, has announced its plans for capital investments aimed at expanding the production of special fertilizers. Previously, Grupo Nitro invested over 100 million reais (approximately $17.5 million) in business development. The carried-out activities included the opening of a new office in Sao Paulo to house part of the Grupo Nitro management team who is working closely with employees of sales branches in Brazil, Uruguay, the USA and Austria. “Our goal is to be the benchmark for service quality and trust in the chemical industry, to consistently develop business and introduce innovations in the field of biosecurity and special fertilizers. The expansion of our capacity and our proximity to the market is an important part of this strategy,” said Grupo Nitro CEO Marcos Cruz.
STAMICARBON, the world’s leading company in the design and project development of chemical plants based in the Netherlands, has signed a technological cooperation agreement with Sprana to co-develop process analytic technology (PAT) solutions for nitrogen industry processes. Cooperation between the companies will aim to bring Industry 4.0 innovations into the nitrogen fertilizer industry and, in particular, the urea process. PAT provides the ability to optimize fertilizer production processes with digitalization and real-time process monitoring techniques, such as the Stami Digital Process Monitor (SDPM). The PAT with SDPM will allow plant operators to optimize the production process. The first developments will focus on the online analysis of Diesel Exhaust Fluid (DEF)/AdBlue® and urea solution. These Quality Assurance instruments will allow nitrogen fertilizer manufacturing organizations to reduce energy consumption, CO2 emissions and feedstock consumption to improve OPEX.
