Acron Group, Moscow, and Russian logistics company Ultramar LLC signed a Memorandum of Cooperation during the St. Petersburg International Economic Forum (SPIEF 2021), held June 2-5, according to a statement by the Russian fertilizer group.
The companies plan to increase transshipments of Acron’s fertilizers through Ultramar’s terminal at Ust-Luga Commercial Seaport on Russia’s Baltic Sea Coast.
Using new storage capacity, Ultramar will provide up to an additional 10 million mt of transshipment capacity in 2022-2030 for fertilizers produced by Acron Group.
Acron and Ultramar in June 2019 – at SPIEF 2019 – inked a long-term transshipment agreement providing for the transshipment of some 1.2 million mt/y of fertilizers and for warehouse leases in Ust-Luga (GM June 14, 2019).
The Ust-Luga terminal received the first batches of Acron Group fertilizers in early 2021. The companies expect to transship over 1.5 million mt of fertilizers in 2021.
“Our cooperation with Ultramar helps expand our export potential, increase the Acron Group’s contribution to the Russian economy, and ensure stable supplies to our clients,” said Acron Group Chairman Alexander Popov.