Baku, Azerbaijan, July 14
By Elena Kosolapova - Trend: Russian EuroChem, a top ten fertilizer company globally, launched phosphate ore production at the Kok-Jon phosphate rock deposit in Kazakh Zhambyl region, the company reported on July 14.
"The EuroChem project in Kazakhstan has already produced around 20,000 metric tons of phosphate ore, which has been shipped to the adjacent storage facility. Total production is expected to amount to over 150,000 metric tons of phosphate ore by the end of the year," the company said.
The company plans to reach a steady production level of up to 650,000 metric tons per year in 2016 following the full commissioning of the Phase I program. EuroChem also plans to further ramp up the project to 1.5 million metric tons per year as it aims to construct a fertilizer complex in the region.
The company has already invested around $75 million in the project.
The development of the Kok-Jon deposit and the planned construction of the fertilizer complex are implemented within the agreement between EuroChem and Kazakh Government.
EuroChem is a leading global agrochemical company, producing primarily nitrogen and phosphate fertilizers, as well as certain organic synthesis products and iron ore. The company is vertically integrated with activities spanning from mining and natural gas extraction to production, logistics, and distribution. Headquartered in Moscow, it operates production facilities in Russia and Western Europe and employs more than 20,000 employees globally.