Uralchem JSC signs MoU with Rashtriya Chemicals and Fertilizers Limited, National Fertilizers Limited, and Indian Potash Limited to build major urea plant in Russia

Key facts

• Uralchem JSC has signed a memorandum of understanding with Rashtriya Chemicals and Fertilizers Limited (RCF), National Fertilizers Limited (NFL), and Indian Potash Limited (IPL) to establish a joint venture for constructing a urea plant in Russia.
• The planned urea plant is expected to have an annual production capacity of 1.8 to 2 million tonnes.
• The joint venture will be based on the supply of ammonia produced by Togliattiazot JSC, with the Indian companies providing financing for the project until its commercial operation begins.
• The signing ceremony took place in New Delhi, India.
• Uralchem Group’s key assets include Uralchem JSC, Uralkali PJSC, and TOAZ JSC, all based in Russia, with a combined production capacity of around 25 million tonnes.