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EuroChem signs memorandum of intent for a possible new plant with Maire Tecnimont

Zug, Switzerland, October 1, 2019 – EuroChem Group AG, a leading global fertilizer company, announces the signing of an early works contract for a potential new urea and ammonia production facility, subject to further investment plan approval, at Kingisepp, northwest Russia, with Maire Tecnimont.

Under the terms of the agreement, Maire Tecnimont will carry out preliminary engineering and site surveying work at the brownfield site adjacent to EuroChem’s existing production facilities at Kingisepp.

“We are pleased to take the next step toward considering building this world scale plant, with Maire Tecnimont, a company that we have worked with closely for many years. Expansion of production facilities is a strategic goal for us and part of the next chapter in our growth story.” Petter ØstbøChief Executive Officer of EuroChem Group

“We are eager to keep on supporting a prestigious client such as EuroChem in its long-term expansion plan,” commented Pierroberto Folgiero, Maire Tecnimont Chief Executive Officer. “With this important project we reinforce our position in the fertilizer business, while our long-lasting industrial footprint in Russia is further confirmed.”

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