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Strategy and Investment Programme

In 2017, Acron Group presented a revised development strategy through 2025, based on maximising the existing production potential.

The development programme includes several highly efficient projects at Acron and Dorogobuzh with relatively moderate capex and short payback periods. The compatibility of projects provides flexibility for future investments and allows the Group to keep its debt burden under control. The strategy caters for the consumers by expanding its product range and distribution network.

In 2018, the Group launched active construction at the Talitsky potash mine. This project will complete Acron Group’s vertical integration for the three key elements—nitrogen, phosphorus and potassium—and will make Acron one of the most competitive NPK producers in the world.

The strategy is expected to deliver the following results by 2025:

  • Increased capacity and output, expanded product portfolio
  • Higher efficiency due to processing of surplus ammonia and apatite concentrate
  • Start of production of own potash feedstock, complete vertical integration (2026)
  • Significantly broader distribution and stronger presence in the key markets

In 2018, as part of its distribution development strategy Acron Group commenced supplying UAN to European markets through its new trading company, Acron France SAS. In 2018, the Group also established offices in Brazil and Argentina.

Key Investment Projects

Project Production increase per year
Status
Acron (Veliky Novgorod)
COMPLETED PROJECTS
Increasing capacity of Urea-5 unit 50 kt of urea
Completed in 2018
Construction of Urea-6 unit 210 kt of urea
Completed in 2018
Construction of three nitric acid units, upgrading equipment at AN units 500 kt of AN Completed in 2019–2020
Construction of urea granulation unit 700 kt of granular urea Completed in 2020
Increasing capacity of Ammonia-4 90 kt of ammonia Completed in 2020
Comprehensive upgrades to Urea-6 unit (Urea-6+) 520 kt of urea Completed in 2021
Construction of CN unit100 kt of CNCompleted in 2022
Increasing capacity of Urea-6 unit, construction of the second urea granulation unit175 kt of urea
700 kt of granular urea
Completed in 2023
PROJECTS UNDERWAY
Increasing capacity of Ammonia-3 unit
230 kt of ammonia
To be commissioned in 2024
Increasing capacity of Ammonia-2 unit 210 kt of ammonia To be commissioned in 2025
Construction of the second CN unit 135 kt of CN To be commissioned in 2025
Increasing capacity of Urea- 1–4 units (including new CO2 compressor)355 kt of ureaTo be commissioned in 2025
Increasing capacity of NPK unit102 kt of NPKTo be commissioned in 2026
Dorogobuzh
COMPLETED PROJECTS
Equipment upgrades at ammonia unit 130 kt of ammonia Completed in 2019
Equipment upgrades at ammonia unit54 kt of ammoniaCompleted in 2023
Construction of nitric acid unit and equipment upgrades at AN units180 kt of ANCompleted in 2023
PROJECTS UNDERWAY  
Equipment upgrades at main existing production units and systematic increase of ammonia, AN and NPK capacity
Phosphate feedstock at the Oleniy Ruchey mineApatite concentrate output up to 1.5 mn t by 2027, with further increase to 2 mn tIn progress
Gradual expansion of underground mine output
Potash feedstock at the Talitsky mine2 mn t of potassium chloride capacity with further increase to 2.6 mn tIn progress
Mining to start by 2026

Read more in About the Group and Annual and ESG Reports sections.