EuroChem AG’s, Zug, Switzerland, planned fertilizer transhipment terminal project in the Russian Baltic Sea port of Ust-Luga has secured approval for the design and estimates by the St. Petersburg branch of Russia’s Main State Expert Appraisal Department, according to Russia’s AK&M Information Agency, citing a department statement.
EuroChem revealed in June last year it had decided to go ahead with the building of the transhipment terminal in Ust-Luga, a project halted in 2017 (GM June 14, 2019). At the time, the fertilizer group anticipated a 2022-23 launch of the new terminal.
The terminal will be located in the northwestern part of the Ust-Luga commercial seaport and is to be developed in three phases, according to the report. It is reportedly planned to have handling capacity of 6.025 million mt/y on completion of all the three stages, and targeted throughput is put at 5.55 million mt/y. EuroChem told Green Markets that the group is not making any comment on developments at Ust-Luga at the present time.