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PJSC «KuibyshevAzot» and MET Development S.p.A announced the creation of a joint venture

PJSC «KuibyshevAzot», one of the leading enterprises of the Russian chemical industry, and MET Development S.p.A, a design division of Maire Tecnimont S.p.A. (Italy), announced the creation of a joint venture to develop, build, finance, maintain and operate a new production of granulated carbamide, which will be located in Togliatti. The total investment amount  in the project is approximately 160 million euros. (10.9 billion rubles).

The annual capacity of the future production will be 525 thousand tons of carbamide (1500 tons / day). The project uses modern technology of the pool reactor Urea 2000Plus®, and the licensor of the granulation technology in a fluidized bed is Stamicarbon, a member of the Maire Tecnimont Group. The project uses progressive technology, which ensures environmentally friendly and safe production, and the level of resource consumption corresponding to the best world analogues.

The agreement on the establishment of the joint venture is another example of a successful development strategy of PJSC «KuibyshevAzot», which assumes creation of joint ventures with the world's leading companies and the introduction of modern technologies.