BAKU, Azerbaijan, June 4
By Klavdiya Romakayeva - Trend:
Cyprus Ferkensco Management Limited LLC and Russian Gazprombank signed two bilateral cooperation agreements to finance the construction of two chemical facilities in Uzbekistan, Trend reports referring to the Ferkensco Management Limited.
It is reported that the agreement was signed on the construction of a plant to produce complex mineral fertilizers based on ammonia in Yangiyer city of Syrdarya region in Uzbekistan (Ammonia and Urea Project) and a chemical complex to produce complex fertilizers in the Samarkand region of Uzbekistan (Chemical Complex Project)
Head of Ferkensco in Uzbekistan Timur Juraev said these modern facilities will produce highly efficient, complex mineral fertilizers, consequently help Uzbekistan meet domestic demand and enter foreign markets.”
According to the information, the Ammonia and Urea Project is already underway with site surveys completed in late 2020. In March 2021, a Cooperation Agreement was signed with the administration of the Syrdarya region.
It is noted that negotiations are currently underway with the Swiss chemical and fertilizer company Casale SA for the technological part, including a license and further development of the project.
The project will develop Uzbekistan’s chemical and agricultural industries, introducing cutting-edge technology into the sector, and increasing production of highly efficient, complex fertilizers. It will also enhance the investment appeal of Uzbekistan’s chemical industry.
“Once complete, the $350 million plant will produce 495,000 tons of ammonia and 600,000 tons of urea, annually. State-of-the-art technology from Europe, China, Russia, and other countries will be installed and 300 permanent jobs created,” the message said.
In addition, the Chemical Complex Project will introduce modern technology and create additional production capacity to increase yields of highly efficient complex fertilizers. The complex will comprise a chemical complex in the Samarkand region to produce mineral fertilizers, plus an enrichment plant and phosphorite deposits in the Navoi region.
“Once complete, the chemical complex will produce 900,000 tons of complex mineral fertilizers annually and help attract foreign direct investment. The project’s implementation period runs up to 2023,” the message said.
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