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Acron Launches New Urea Facility

On March 31, Acron (Veliky Novgorod) launched a new urea facility unit. The ceremony was attended by acting Russian Industry and Trade Minister Denis Manturov, Novgorod Region Governor Sergey Mitin, Prime Minister of the Republic of Tatarstan Ildar Khalikov, Acron's Coordinating Board Chair Viatcheslav Kantor and Acron top executives.

Acron embarked on Urea-1000 project in 2008, and the full-scale construction of the new urea unit started in 2010. The project investments totalled US$ 95 million. The capacity of the new unit is 335,000 tpa.

Acron’s existing urea capacity is 450,000 tpa. The increase to 785,000 tpa will help boost both commodity urea sales and output of UAN (to 1 million tpa) and urea-formaldehyde resins.

Acron’s Board of Directors Chair Alexander Popov commented on the launch:

“As part of its strategy to expand processing capacity, Acron for over a decade has heavily invested in building new advanced production assets. The commissioning of the urea unit is another important step in this direction. But we will go further and build a 700,000 tpa ammonia facility by 2015, which will be the largest in Russia. Acron will invest US$ 400 million in the new project.”