Acron invest $219 mn large-scale projects in Novgorod
Waste Management Expo 2020 MAR 12&13 BIEC, Bengaluru, India

Acron to invest $219 mn on large-scale projects in Novgorod

9:44 AM, 11th June 2019
Acron logo

VELIKY NOVGOROD, RUSSIA: Acron Group and the Government of Novgorod region executed a letter of intent to implement investment projects in Novgorod region. The document was signed by Acron’s CEO Vladimir Kunitsky and Governor of Novgorod Region Andrey Nikitin. 

Acron plans to invest a total of $219 million in large-scale projects. Some of the projects are related to upgrading existing capacity at the Ammonia-4, Urea-6, AN and NPK units. Acron also intends to build new nitric acid units, as well as urea granulation and calcium nitrate (CN) units at its production site in Veliky Novgorod. 

“We are currently in the active phase of implementing the Group’s updated development strategy through 2025, which we adopted in 2017. In 2019, we will commission new nitric acid units and a urea prilling unit at our production site in Veliky Novgorod. By 2020, Acron plans to launch additional capacity there, which will create new jobs and contribute to the region’s social and economic development. We are grateful to Novgorod region’s administration for building a favourable investment climate and supporting our projects,” said Alexander Popov, Chairman of Acron’s Board of Directors.

© Worldofchemicals News



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Eni, Maire Tecnimont partner on waste-to-energy project

SAN DONATO MILANESE, MILAN: Eni and NextChem, Maire Tecnimont's green chemistry subsidiary, are working together to turn waste into new energy, hydrog ...

Read more
Ajinomoto to build first amino acid-based surfactant plant in Brazil

TOKYO, JAPAN: Ajinomoto Co Inc said that it will construct a new plant for amino acid-based surfactants (liquid), at the Pederneiras Plant of Ajinomot ...

Read more
Lanxess appoints Anno Borkowsky to its board

COLOGNE, GERMANY: Lanxess AG has appointed Anno Borkowsky (60) to the Board of Management, effective June 1, 2019. In his new role, Borkowsky, who hol ...

Read more
Covestro delivers first order of polyurethane resin for wind blades

LEVERKUSEN, GERMANY: Covestro has delivered its first commercial order of polyurethane raw materials for wind blades to China. The blades, produced by ...

Read more
BASF launches new range of bioactive ingredients for beauty market

HONG KONG, US: BASF Care Creations has launched three new active ingredients for the beauty market. This makes use of the unique properties of the ram ...

Read more
Wood secures FEED contract for proposed petrochemicals project in Oman

ABERDEEN, UK: Wood Group has been awarded a new contract by Duqm Refinery and Petrochemicals Industries Company (DRPIC). Wood will provide FEED (front ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X