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By Anna Nicklin
4 August 2017

russia 04PJSC KuibyshevAzot and MaireTecnimont have jointly announced a joint venture (JV) to develop, build, finance, maintain and operate a green-field urea plant, to be implemented in Tolyatti, in the Samara region of the Russian Federation. KuibyshevAzot will hold 68% of the JV, and through its fully owned project development company MET Development, MaireTecnimont will hold the remaining 32%.
Total project investment costs are estimated to be around €160 million. MaireTecnimont's equity contribution is preliminarily estimated to be around €11 million, taking financial leverage and expected contributions from third-parties into account.
The urea plant will have a capacity of 1500 tpd and will utilise Urea 2000Plus® Pool Reactor technology by Stamicarbon, MaireTecnimont fully owned subsidiary, while the granulation unit is based on Stamicarbon's fluid bed granulation technology.
The plant will be realised and integrated within KuibyshevAzot's key industrial site in Tolyatti. Both parties have already started the basic engineering and project documentation works under the co-ordination of Tecnimont, MaireTecnimont's main EPC contractor, in collaboration with Stamicarbon and Russian Design Institute JSC NIIK.
In parallel, parties are closely collaborating in the project structuring activities in order to raise non-recourse project financing. The parties intend to attract financing from foreign banks with the support of the Italian Export Credit Agency, SACE (part of CDP Group). In addition, SIMEST (part of CDP Group supporting foreign investments of Italian companies) is also evaluating the possibility to share MET Development's investment in the project. Following financial closing and completion of the basic engineering and project documentation works, the JV will enter into a lump sum turnkey EPC contract with Tecnimont.
https://www.worldfertilizer.com/nitrogen/04082017/urea-plant-to-be-developed-in-russia/

World Food Day 2017

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57th Independence

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Messages to Farmers

  • Apply fertilizer wisely to avoid wastageAttend trainings on fertilizer use and application
  • Early purchase of fertilizer saves money
  • Buy your fertilizers from the open market
  • Obtain quality fertilizers from reputable suppliers especially FEPSAN members
  • Store unused fertilizer away from children, fire, rain and entry of foreign material.
  • Form groups/associations to benefit from group/association dynamics
  • Allow your crops to fully mature to get quality and value
  • Report adulterated fertilizer to the appropriate authority

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Attain improved productivity and environmental sustainability of Nigerian Agriculture through balanced and judicious use of fertilizers....Attain improved productivity and environmental sustainability of Nigerian Agriculture through balanced and judicious use of fertilizer...................................................................................................................................................................................................................................................................................................................................................................................................................................................................

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2nd Floor Bank of Industry Building 
18 Muhammad Buhari Way, Kaduna, Nigeria. 
Mobile: +234 (803) 3174409...................sssss