Belarus’ chemical company OAO Grodno Azot has been receiving equipment made by Germany’s ThyssenKrupp Industrial Solution to be installed at a new nitric acid plant, which is currently under construction, a Grodno Azot official reported.
In early 2016 Grodno Azot started an active phase of the project worth $170 million to build a nitric acid plant.
The new facility will produce 1,200 tons of acid a day. The company plans to launch the new production facility in December 2018.
Grodno Azot has procured more than 50% of the equipment to be installed at the new plant.
As previously reported, Grodno Azot is seeking an investor to support its nitric acid project. The companies will use own resources, credit money and central budget funding to implement the project.
Germany’s ThyssenKrupp Uhde GmbH (Dortmund) won a tender to produce design specifications and estimates for the project and supply the equipment.
OAO Grodno Azot is due to implement 12 production upgrade projects in the framework of a long-term investment program (2011-2020) with a $1.2 billion budget.
Grodno Azot was set up in 1963 and transformed into an open joint-stock company in 2002. The Belarusian government holds a 99.97% stake.
Grodno Azot is Belarus’ main producer of liquid ammonia, nitrogen fertilizers, methanol, caprolactam, and biodiesel fuel. (Prime-TASS/Business World Magazine)
