EuroChem Group AG, Zug, Switzerland, announced today that it has signed an early works contract for a potential new ammonia and urea production facility at Kingisepp in northwest Russia, subject to further investment plan approval, with Italy’s Maire Tecnimont.
Under the terms of the agreement, Maire Tecnimont will carry out preliminary engineering and site surveying work at the brownfield site adjacent to EuroChem’s existing production facilities at Kingisepp, the fertilizer group said.
According to a statement by Maire Tecnimont, the value of the future EPC contract for the construction of an ammonia and urea plant is estimated at about €1 billion with capacity of about 3,000 mt/d of ammonia and 4,000 mt/d of urea, once fully ramped up.