PhosAgro PJSC, Moscow, is actively looking for a licensor for its proposed $1.5 billion ammonia and urea complex, CEO Mikhail Rybnikov told Interfax this week.
The Russian group reportedly green-lighted the project back in late 2021 (GM Nov. 24, 2021), but no final site decision has been made.
According to this week’s report, both Cherepovets, some 600 km north of Moscow, and Volkhov, in Russia’s Leningrad region, where PhosAgro already has existing production sites, are still under consideration as the site for the new production.
Rybnikov said the new plant would remove PhosAgro’s need to buy ammonia for its existing plants at the two locations.
The group back in late 2021 had indicated the proposed complex would have a production capacity of 1 million mt/y of ammonia and up to 1 million mt/y of urea. It was targeting first product for the end of 2025.