Tashkent, Uzbekistan, Feb .10
By Demir Azizov- Trend:
Samarkand NPK Uzbek-Chinese joint venture has commissioned a plant for the production of nitrogen-phosphorus-potassium (NPK) fertilizers on the basis of Samarkandkimyo JSC (Samarkand Chemical Plant) worth $20 million in Uzbekistan, Uzhimprom JSC, which unites the chemical industry enterprises of the country, told Trend.
The design capacity of the enterprise is 240,000 tons of NPK fertilizers per year. Samarkand-NPK joint venture was established in mid-2015 by Samarkandkimyo JSC and the Chinese Jiangsu Right Machinery Group Co., Ltd with the parity equity participation.
The project was financed through a loan of Uzpromstroybank in the amount of $15 million and equity of the co-founders of the joint venture. This is the first enterprise in Uzbekistan for the production of ternary compound fertilizers.
Earlier it was planned to implement the project with the Chinese Citic Construction Co. Ltd. (CITIC), but the companies failed to reach an agreement. Samarkand Chemical Plant was commissioned in 1954 and was specialized in the processing of phosphate ore of the Karatau deposit (Kazakhstan).
Currently, delivery of phosphate concentrate is carried out from the Kyzylkum phosphorite complex - a structural unit of the Navoi Mining and Metallurgical Combine, which operates on the basis of Jeroy Sardar phosphate deposit in Central Kyzylkum.
Samarkand Chemical Plant produces nearly 25,000 tons of ammophos and nearly 100,000 tons of nitrogen-phosphorus-potassium fertilizers annually.