STATEMENT: EuroChem launches a next-generation phosphate fertilizer complex in Brazil

(Information sent by the signatory company).

STATEMENT: EuroChem launches a next-generation phosphate fertilizer complex in Brazil

(Information sent by the signatory company)

SERRA DO SALITRE, Brazil, March 13, 2024 /PRNewswire/ -- EuroChem today celebrated the inauguration of its new phosphate fertilizer production plant in Serra do Salitre, State of Minas Gerais, Brazil.

With a total project investment of nearly $1 billion, the new phosphate mine and plant complex was built in record time and will have an annual production capacity of 1 million tons of advanced phosphate fertilizers, significantly increasing the reliability of the national supply of phosphate fertilizers to Brazilian farmers.

The facility offers integrated production of state-of-the-art phosphate fertilizers, with low water consumption, a totally closed water circuit and a clean energy generation system that reuses its own steam and generates up to 40% of the entire energy needs. installation.

"EuroChem has a long and successful history in South America, a key growth market for us, where there is high demand for our products," said EuroChem Group President Oleg Shiryaev. "The launch of our new facility brings us one step closer to our customers and allows us to provide Brazilian farmers with access to the highest quality fertilizers through our well-established distribution network in this important global breadbasket. EuroChem operates from the mine to farm, ensuring reliability and quality throughout the fertilizer supply chain, from raw material extraction to production and delivery to the end consumer."

EuroChem is a leading international producer of fertilizers, with products covering the three main nutrient groups: nitrogen, phosphate and potash. With a global workforce of 32,000 and a sales network spanning more than 100 countries, the Company helps provide food security to more than 250 million people around the world.

EuroChem is actively investing in the development of its production facilities and, in recent years, has launched several new production sites, including the EuroChem-Northwest ammonia plant and the Usolskiy and VolgaKaliy potash plants in Russia. An ammonia and urea plant is currently under construction in Russia, EuroChem North-West-2, as well as a potassium nitrate plant in southern Russia and a chemical complex in Karatau, Kazakhstan.

In South America, in addition to its Salitre complex, EuroChem has mixing facilities and an extensive distribution network, employing more than 3,000 people in Brazil. The Company has been present in the country since 2016, after the acquisition of Fertilizados Tocantins and Fertilizados Heringer.

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