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Far East Development Fund and NFP have signed the memorandum of cooperation within the project of a complex for production of mineral fertilizers

September 2, 2016

The project is estimated at 370.5 bln rubles. Such companies, as Hyundai Engineering & Construction and Mitsui will be involved in the construction of the plant. Terms of the participation of South Korean and Japanese companies are not specified.

The Far East Development Fund is considering the participation in the project in the form of a share or capital.

“After the plant reaches the planned capacity in 2022, the annual production volume of output will amount to 1.1 mln tones of ammonia, 2 mln tones of urea and up to 2 mln tones of methanol. “The plant will provide working places for 1,950 persons”, said Nikolay Sabitov, CEO of NFP, CJSC.

At the same time, Taras Ganaga, Technical Director of NFP, CJSC has estimated the project for production of mineral fertilizers as the largest in the world. “Main goal of the project is to create in the Far East territory the largest high-tech and environmentally friendly complex on production of mineral fertilizers and chemical products”.

Production capacity of the plant is planned at the level of 2.1 mln tones of ammonia, 2 mln tones of carbamide (urea) and up to 2 mln tones of methanol annually. About 70-80 per cent of the plant’s products are export oriented.