Cooperation agreements signed with Gazprombank to finance new chemical plants
04/06/2021 19:05
Cooperation agreements signed with Gazprombank to finance new chemical plants
04/06/2021 19:05
Tashkent, Uzbekistan (UzDaily.com) - Today, Ferkensco Management Limited signed two bilateral agreements on cooperation with Gazprombank to organize construction financing:
Plant for the production of complex mineral fertilizers based on ammonia in the city of Yangiyer, Syrdarya region of the Republic of Uzbekistan;
A vertically integrated complex for the production of complex mineral fertilizers in Samarkand region, including the construction of an enrichment plant and the development of a phosphorite deposit in Navoi region of the Republic of Uzbekistan.
The documents form the basis for possible future cooperation regarding the financing of the Project.
Head of the Representative Office of Ferkensco Management Limited in the Republic of Uzbekistan Mr. TK Juraev said:
“Attracting such reliable international partners, in particular as Gazprombank, allows us to translate our goals into reality. Our Group of Companies is aimed at long-term cooperation with international partners in all areas, in order to attract new opportunities for the development of the economy of the Republic of Uzbekistan and create new jobs. These modern enterprises are promising and technologically complex projects that will play an important role in meeting domestic demand and entering foreign markets. "
The signing ceremony took place within the framework of the St. Petersburg International Economic Forum, which over the past years has become a leading global platform for communication between business representatives and discussion of key economic issues facing the Russian Federation, emerging markets and the world as a whole.
As part of the project for the construction of a plant for the production of Ammonia in Yangiyer, in the IV quarter of 2020, preliminary engineering surveys were carried out at the site; in March 2021, a cooperation agreement was signed with the Khokimiyat of Syrdarya region. To date, negotiations are being completed with CASALE SA to sign a contract for the provision of a license for the technological part of the project, as well as for the development of a basic design (PDP, FEED).
The construction of a plant for the production of complex mineral fertilizers based on ammonia in Syrdarya region has the goal of creating an ammonia production for the development of chemical and agricultural industries, as well as the widespread involvement of modern technologies in the creation of additional production facilities for the production of highly efficient complex fertilizers. This project in the Republic of Uzbekistan will serve to further development, diversification and increase the investment attractiveness of the chemical industry. After the completion of the construction of the plant with an estimated cost of US$350 million, it is planned to produce up to 495,000 tons of ammonia. The plant plans to install modern equipment from Europe, China, Russia and other countries, and provides for the creation of about 300 permanent jobs.
The project of a vertically integrated complex for the production of complex mineral fertilizers in the Samarkand region is also being implemented with the aim of widely attracting modern technologies and creating additional production facilities for the production of highly efficient complex fertilizers. The production will consist of a chemical complex for the production of complex mineral fertilizers in the Samarkand region, as well as an enrichment plant and phosphorite deposits in Navoi region.
It is expected that after the completion of construction, the Samarkand Chemical Complex will produce up to 900 thousand tons of complex mineral fertilizers per year. Project implementation period is 2020 – 2023.
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