MCC EuroChem plans to invest 5 billion rubles in the next four years in the construction of a dry bulk terminal at the port of Ust-Luga (Leningrad region), EuroChem’s General Director Dmitry Strezhnev said in an interview with journalists today, PortNews reports.
The new terminal annual turnover is projected at 5 million tons of all kinds of fertilizers produced by the company (nitrogen, phosphorus, potassium). EuroChem’s total annual exports volume by sea of mineral fertilizers reaches 4.7 million tons, with total output of 8 million tons a year. The company’s annual production volumes increase by about 1 million tons.
Mr. Strezhnev said the terminal project payback is approximately 5 years after the terminal launch through reducing transport costs and logistics optimization.
As of now, all pre-design works have been completed. The terminal will be built in the 2nd area of general and bulk cargoes in the northern part of Ust-Luga. The dredging will be financed from the federal budget under the target federal program "Development of the Russian transport system for the period of 2010-2015”.
According to Mr. Strezhnev EuroChem has agreed with Russian Railways transportation of 5m tons of fertilizers a year to the port by rail. Lengiprotrans OJSC is currently finalizing the plan for development of Ust-Luga railway junction, taking into account future traffic flows of the new dry bulk terminal.
The formation of the terminal area will be completed by the end of 2010. The projected depth of one of the terminal berths is projected at 16m to accommodate 75,000DWT vessels of Panamax type, Mr. Strezhnev said.
EuroChem, Russia's largest producer of mineral fertilizers, is one of three European and top ten world leaders in the industry. The only chemical company in Russia, which combines producing, processing, logistics and distribution network in various regions of the world.
EuroChem’s production companies include Nevinnomyssky Nitrogen OJSC (Stavropol region), Novomoskovsk Nitrogen Company OJSC (Tula Region), Kovdorsky ore-dressing and processing enterprise (Murmansk Region), Industrial Group Phosphorus Llc (Leningrad region), EuroChem - Belorechensk Mineral Fertilizers Llc. (Krasnodar Territory), Lifosa AB (Lithuania, EU).
The Holding also includes EuroChem-VolgaPotassium established for the development of Gremyachinsk deposit of potassium salts in Volgograd region. By 2013, with the launch of mining and processing factory on the basis of this deposit, EuroChem will become the first in Russia and the fourth company in the world, producing the full range of mineral fertilizers: nitrogen, phosphorous and potassium.
The new terminal annual turnover is projected at 5 million tons of all kinds of fertilizers produced by the company (nitrogen, phosphorus, potassium). EuroChem’s total annual exports volume by sea of mineral fertilizers reaches 4.7 million tons, with total output of 8 million tons a year. The company’s annual production volumes increase by about 1 million tons.
Mr. Strezhnev said the terminal project payback is approximately 5 years after the terminal launch through reducing transport costs and logistics optimization.
As of now, all pre-design works have been completed. The terminal will be built in the 2nd area of general and bulk cargoes in the northern part of Ust-Luga. The dredging will be financed from the federal budget under the target federal program "Development of the Russian transport system for the period of 2010-2015”.
According to Mr. Strezhnev EuroChem has agreed with Russian Railways transportation of 5m tons of fertilizers a year to the port by rail. Lengiprotrans OJSC is currently finalizing the plan for development of Ust-Luga railway junction, taking into account future traffic flows of the new dry bulk terminal.
The formation of the terminal area will be completed by the end of 2010. The projected depth of one of the terminal berths is projected at 16m to accommodate 75,000DWT vessels of Panamax type, Mr. Strezhnev said.
EuroChem, Russia's largest producer of mineral fertilizers, is one of three European and top ten world leaders in the industry. The only chemical company in Russia, which combines producing, processing, logistics and distribution network in various regions of the world.
EuroChem’s production companies include Nevinnomyssky Nitrogen OJSC (Stavropol region), Novomoskovsk Nitrogen Company OJSC (Tula Region), Kovdorsky ore-dressing and processing enterprise (Murmansk Region), Industrial Group Phosphorus Llc (Leningrad region), EuroChem - Belorechensk Mineral Fertilizers Llc. (Krasnodar Territory), Lifosa AB (Lithuania, EU).
The Holding also includes EuroChem-VolgaPotassium established for the development of Gremyachinsk deposit of potassium salts in Volgograd region. By 2013, with the launch of mining and processing factory on the basis of this deposit, EuroChem will become the first in Russia and the fourth company in the world, producing the full range of mineral fertilizers: nitrogen, phosphorous and potassium.