Uralchem said it has no plans to pursue its long-considered project to build a nitrogen fertilizer plant in Angola, according to a fertilizerdaily report, citing Uralchem JSC Chairman Dimitry Tatyanin. The Russian fertilizer group was first reported to have terminated the project in late 2020 (GM Dec. 4, 2020).
Uralchem and Angola’s Grupa Opaia SA signed a Memorandum of Construction (MOC) for an ammonia and urea plant in the country in October 2019 (GM Oct. 25, 2019). The plant was to have 1.2-1.3 million mt/y of urea capacity, and output would go to both the domestic and export markets.
Tatyanin said Uralchem remains open to signing joint venture projects around the globe, but currently does not plan any company acquisitions.