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CIS GAS MONETISATION

09 – 10 April 2019   |   Moscow, Russia

Nine companies are participating in EPC tender for Grodno Azot

Posted by GBC on 07.02.19

Source : RUPEC

Nine companies are taking part in the tender for the selection of the general contractor for the project to build a new turnkey nitrogen complex at Grodno Azot, media reported.

Companies from China, Switzerland, Italy, South Korea, France and Japan will submit their business proposals by May 29, 2019. Next, the winner will be determined, and a contract will be signed.
In October, it was reported that Belarus could attract Chinese partners for the construction of the facility. Investments in the project at that time were indicated at $ 3.1 billion.
In May, the then chairman of Belneftekhim, Igor Lyashenko, invited the Russian side to take part in the project to build a new nitrogen plant in Belarus.
At the beginning of the year a preliminary configuration of the project was announced. It was reported that the capacity of the ammonia production complex will be 875 thousand tons, for carbamide – 1.225 million tons, and hydrogen – 200 million cubic meters per year. As of February, it was planned to invest $ 1.3 billion in the creation of production. Production will be put into operation in 2024. The project payback period will be about 10 years.
The deep modernization of Grodno Azot itself will cost about $ 400 million. The company will partially finance the work, it is planned to attract loans, according to preliminary calculations, in the amount of $ 287 million at 6% per annum.
Today, Grodno Azot is the only producer of nitrogen fertilizers in the country and a major supplier of polyamides. In October 2011, Khimvolokno OJSC became part of the enterprise. Belarus owns 99.97% of Grodno Azot shares, Belneftekhim is in charge of operational management.

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