News Post
EuroChem to build €65 million ammonia terminal in Sillamäe, Estonia
Russian fertilizer manufacturer EuroChemGroup AG is to build an ammonia terminal in the northeastern Estonian city of Sillamäe by the end of the year for €65 million. The core business of EuroChem Terminal Sillamäe AS is the handling of petrochemical raw materials. Its sole owner is EuroChem Group AG.
"This December, we will build an ammonia terminal for one million tons at Sillamäe at a cost of €65 million," EuroChem CEO Dmitry Strezhnev told reporters. The terminal is being built for ammonia to supply a plant in Kingisepp that the company plans to launch in the fourth quarter of this year, he added.
Sillamäe City Government on March 1 granted EuroChem a building permit for the terminal.
The liquid chemicals terminal at Sillamäe is operated by EuroChem subsidiary EuroChem Terminal Sillamäe AS, which earned a profit of €2.5 million euros on €5.7 million in sales in the last financial year. The company employed on the average 26 people, translated into full-time jobs, with wage costs totaling €466,000.
Source: BNS
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