EuroChem produces first test product at Usolskiy potash project
Berezniki, Russia, 13 March 2018 – EuroChem Group AG (hereinafter “EuroChem” or the “Group”), a leading global fertilizer company, announces the successful test production of potassium chloride at EuroChem-Usolskiy Potash in the Perm region, Russia. This initial production is an integral part of the commissioning process currently underway at Usolskiy. Production of first marketable product is expected during the second quarter of 2018, as previously guided.
Potassium chloride, also known as Muriate of Potash or MOP, is the most commonly used potash fertilizer in agriculture.
Once fully operational, Usolskiy’s Phase 1 will have a total annual production capacity of 2.3 million metric tonnes of MOP. Eight continuous mining machines are working underground at Usolskiy, which is expected to employ about 2,000 people once production is fully underway.
Dmitry Strezhnev, EuroChem CEO, commented: “The test production of MOP means we have come closer to the start of regular production at Usolskiy, which has been a substantial and complex greenfield project. We are now focused on completing commissioning and ramping up to commercial production, targeting about 450,000 tonnes of finished product before the end of the year.”
EuroChem is mining sections of the Verkhnekamskoe potash deposit in the Perm region, one of the largest in the world. As well as the Usolskiy Potash project, EuroChem holds a licence to develop the Gremyachinskoe deposit in the Volgograd region of Russia, known as the VolgaKaliy potash project. Development at VolgaKaliy continues and first production of marketable product is expected later this year. To date, EuroChem has invested about $4.13 billion in the two projects, of which Usolskiy has accounted for $1.81 billion.
About EuroChem Group AG
EuroChem is a leading global fertilizer company producing primarily nitrogen and phosphate fertilizers, as well as certain organic synthesis products and iron ore. The Group is vertically integrated with activities spanning from mining to fertilizer production, logistics, and distribution. EuroChem is currently developing two sizeable potash deposits in Russia with its VolgaKaliy and Usolskiy Potash greenfield projects. Headquartered in Zug, Switzerland, the Group operates production facilities in Belgium, China, Kazakhstan, Lithuania, and Russia, supporting distribution assets in Europe, the CIS, Asia, and North and South America. EuroChem employs more than 25,000 people globally.
For more information, please visit eurochem-corporate-qa1b64.azurewebsites.net or contact:
Head of Communications
EuroChem Group AG
Elena Kalinskaya /Leonid Fink
+44 (0) 20 3727 1000
Head of Corporate Finance and Treasury
Head of Public Relations