Ust-Luga port to have 4-mln tonne terminal for general cargo and fertilizers by 2016
ICT Group plans building a terminal in Ust-Luga port (Leningrad region) for transshipment of general cargo and fertilizers with annual capacity exceeding 4 mln t per year. According to IAA PortNews journalist, the agreement was signed by Ust-Luga Company (customer-developer of Ust-Luga port) and Baltic Terminal of Fertilizers LLC (ICT Group) at the St. Petersburg International Economic Forum (SPIEF) 2013. As Valery Izrailit, Chairman of the Board of Directors of Ust-Luga Company, told journalists, the project is expected to be implemented in 2016. The project provides for the creation of an artificial territory to host the terminal. The dredging works have already begun.
The sea terminal is a part of the investment project on the construction of a carbamide plant within the industrial area adjacent to the port. The terminal complex and the plant are t be linked by a communication corridor providing for transportation of the product from the plant to the port with minimal costs. The plant is to produce synthetic ammonia and urea solution and granulation of the natural gas with the capacity of 350,000 tonnes of ammonia and 1.2 mln t of urea per year. The construction will be executed by Baltic Carbamide Plant LLC, the company set up by ICT Group. The major provider of technological solutions is the Italian company SAIPEM. General designer – ICM CJSC (joint venture of ICT Group and Israel-based engineering company Baran Group). Investors are sure that efficiency of the new enterprise will be 2-3 times higher as compared with the existing nitrogen manufactures.