Deputy Prime Minister Yuri Borisov met with Vologda Region Governor Oleg Kuvshinnikov and discussed prospects for the development of the mineral fertilizers industry.
Mr. Borisov held a visiting meeting in Cherepovets on the prospects for the development of the mineral fertilizers industry. Among the participants of the meeting there were heads of the Russian Association of Fertilizer Producers and key industry enterprises.
Vologda Region Governor Oleg Kuvshinnikov also took part in the visiting meeting and in the ceremonial commissioning of a new sulphuric acid production unit with a capacity of 3,300 tonnes per day (SK-3300).
“Prices for mineral fertilizers are rising, so the issue of their regulation is very acute. The markets are growing, the demand for mineral fertilizers is growing all over the world. Today we have agreed that our chemical enterprises will fully ensure the supply of fertilizers for Vologda’s farmers at affordable prices," the head of the region said.
Commissioning of a new unit for the production of sulfuric acid and a reconstructed railway station Cryolite are the final stage of a large-scale strategic program to modernize production at the PhosAgro Cherepovets chemical complex.
SK-3300 is a modern technological complex, one of the largest, safest and the most effective in the country. The new installation will increase the volume and expand the range of fertilizers produced and geography of supplies. This will benefit the entire Russian agribusiness.
As part of the investment program PhosAgro will receive more than RUB 120 billion (PhosAgro’s total investments over the last seven years amounted to RUB 120 bln).
PhosAgro CEO Andrey Guryev noted that the company is considering the construction of a new ammonia and urea production complex in Cherepovets. It will be one of the largest production facilities in the world. It is planned to start construction next year, the first fertilizers will be produced at the end of 2025.
The volume of investments in the expansion and modernization of mineral fertilizers production in the country will increase significantly. After the meeting with the heads of the Russian Association of Fertilizer Producers and key enterprises of the region, Yuri Borisov said that this amount will reach two trillion rubles by 2028.
Ensuring food security is a strategic priority for the Vologda Region. According to head of the region Mr. Kuvshinnikov, it depends not only on the supply of mineral fertilizers, but also on measures of state support for the development of new investment projects, support for the modernization and reconstruction of enterprises of the agricultural complex of the region. The Governor intends to allocate more than 7.5 billion rubles of budget support to agricultural producers in the next fiscal year.