EuroChem Fertilizer Industry To Build Ammonia Urea Production Plant In Louisiana US

EuroChem to build ammonia, urea plant in Louisiana

6:29 AM, 11th July 2013
News on EuroChem
Dmitry Strezhnev, CEO of Eurochem.

MOSCOW, RUSSIA/BATON ROUGE, US: Russian fertilizer company, EuroChem has intention to build an ammonia and urea production plant in Louisiana to manufacture and distribute fertilizer products in the US and other markets. Such a project can represent investments of approximately $1.5 billion and traditionally requires four years of construction work. EuroChem expects to finalize its decision on the parameters and location of the facility within the next year.

“The Americas accounted for approximately a quarter of our sales in 2012 and we expect its contribution to continue to grow. We therefore see it as a next logical step to establish our production closer to our customers. Louisiana brings together all the right ingredients, from its favorable political and economic environment, to the availability of energy, labor, infrastructure, and logistics, to fulfill our strategic vision in one of the world’s largest agricultural markets,” said Dmitry Strezhnev, CEO of Eurochem.

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