PJSC PhosAgro (Moscow Exchange, LSE: PHOR) ("PhosAgro", the "Company"), one of the world’s leading vertically integrated phosphate-based fertilizer producers, has commissioned an ammonia pipeline from the existing Tolyatti-Odessa pipeline to the liquid ammonia storage facility at JSC Apatit’s Balakovo branch. Investment in the pipeline totalled RUB 524 million and was financed from the Company’s own funds.
The commissioning ceremony for the pipeline was attended by PhosAgro CEO Andrey Guryev, Saratov region Governor Valery Radayev and regional Industry and Energy Minister Andrey Kulikov, JSC Apatit CEO Mikhail Rybnikov, PJSC Transammiak CEO Andrey Ivanov, Director of JSC Apatit’s Balkovo subsidiary Alexey Gribkov, and head of the Balakovo district Alexander Solovyov.
The commissioning of the pipeline will reduce ammonia transportation costs and ensure high product quality. It will also allow for increased operational automation and process continuity, as well as reduced environmental impact.
In September 2017 PhosAgro launched an extensive programme of upgrade works at the Balakovo site to increase production capacities and operational efficiency. Work was completed in August 2018, and total investment volumes exceeded RUB 2.7 billion.