Kazakhstan ratifies agreement on construction of joint plant with Russia
Kazakhstan has ratified an agreement with Russia to implement a project for the construction and operation of a plant for the production of fertilizers in Kazakhstan, said Minister of Industry and Infrastructure Development of Kazakhstan Beibut Atamkulov.
It is known that the project is implemented by the Russian company Eurochem, which is a subsidiary of the transnational company EuroChem Group.
"The agreement provides for the creation of the necessary investment and regulatory conditions to ensure the construction and operation in Zhambyl region chemical complex with a full production cycle from extraction of phosphate rock to the production of export-oriented products - mineral fertilizers and industrial by-products," - he said.
The mining complex, which will be used to extract up to 660 thousand tons of phosphate rock per year, has already been put into operation.
The medium crushing and fine grinding unit has a capacity of 640 thousand tons per year. The sum of investments amounted to 126 million dollars. To date, 550 new jobs have been created.
Made in Russia / Made in Russia
Author: Maria Buzanakova