Grodno Azot is about to spend 1.3bn USD on a new facility
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The commissioning of the new nitrogen complex is scheduled for 2024. By expert estimates, the investment project will pay back in ten years.
The Belarussian Government has approved the new nitrogen facility in Grodno. The annual capacity is expected at 875k tpa of ammonia, 1.2 mtpa of urea, and 200m cbm of hydrogen.
Project investment is estimated at $1.3bn, VAT excluded. There is currently an agreement about a preferential Chinese loan. A large-scale project funding will also involve European banks and Belarusbank.
The general contractor for Grodno nitrogen facility will be selected this year. Facility commissioning is scheduled for 2024. It is estimated that the new facility will pay back within 10 years.
The new complex will ensure double capacity; 20% lower power consumption, and 15% lower gas consumption. Ammonia production, which is the feedstock for the nitrogen industry, will be far cheaper, thus allowing to save money.
The project does not stipulate for decommissioning of the existing facility, as it has been upgraded recently.
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