Moscow-based GSM Chemical has secured approval to build a plant to produce ammonium thiosulfate (ATS) in the Russian republic of Tatarstan.
Tatarstan’s Investment Council approved the RUB667 million (approximately $7.2 million at current exchange rates) project on Nov. 1, Interfax reported, citing Tatarstan’s Investment Development Agency.
The plant will be built in the Mendeleyevsky district, the location of Tatarstan’s largest fertilizer producer, nitrogen and methanol producer JSC Ammoni. GSM plans to produce fertilizer based on ATS, according to the report.
Construction is set to begin next year and production is targeted to start in the second half of 2025, with the plant expected to reach design capacity in 2028. The planned design capacity of the plant was not disclosed in the report.
GSM Chemical’s existing plants include LiquiForce LLC, a producer of fertilizer, and Gras LLC, a producer of ammonium sulfate, as well as the JSC Karpov Chemical Plant and Bioforte-Tual, a producer of pharmaceuticals, according to the company’s website.