PJSC “Rivneazot” from the group of enterprises of the nitrogen business Group DF resumed the operation of the ammonia complex with a capacity of more than 650 tons of ammonia / day, and also began the launch of a limestone-ammonium nitrate (IAC) shop with a capacity of 1600 tons / day and a shop for non-concentrated nitric acid – a raw material for the production of fertilizers – with a capacity of 960 thousand tons of nitric acid per year.
“We have begun a planned seasonal campaign to launch key workshops. First of all, we will increase the production of IAC, the most demanded fertilizer today. Further resumption of production capacities will depend on market conditions – capacities will be loaded in proportion to effective demand,” the statement reads. Group DF message on Monday, the words of the head of the board of the enterprise Mikhail Zabluda.
He emphasized that an equally important factor in the resumption of the full cycle of production of mineral fertilizers is the availability and current cost of gas required for the production of fertilizers.
Zabluda pointed out that the decision to increase IAS production is due to the gradual resumption of seasonal demand for this fertilizer, as well as the opening of new export opportunities.
“Being a part of the Ostchem holding, Rivneazot prepared for the autumn season in a timely manner and in full in order to supply Ukrainian farmers with basic nitrogen fertilizers,” the head of the board noted.
According to the release, the restoration of work was preceded by the completion of the planned overhaul of the gas synthesis treatment unit in the Ammonia-2 shop, the overhaul of the turbogenerator unit, as well as the overhaul of unit No. 6 with a capacity of 120 thousand tons per year in the non-concentrated nitric acid shop and a number of necessary preparatory work equipment.
Group DF consolidates assets in the gas distribution, chemical, titanium and port industries, as well as in agriculture and media. The founder and owner of Group DF is Ukrainian businessman Dmitry Firtash.
Ostchem is a Group DF nitrogen holding uniting the largest producers of mineral fertilizers in Ukraine. It includes Rivneazot, Cherkasy Azot, as well as Severodonetsk Azot and Stirol located in the occupied territories.
PJSC “Rivneazot” has been part of the Ostchem group since 2011. According to Group DF, more than UAH 1.3 billion was invested in the enterprise during this time.
Rivneazot for 9 months 2021 received UAH 1 billion 811.79 million of net profit with a revenue of UAH 1 billion 676.24 million. The company ended 2020 with a net loss of UAH 4 billion 623.96 million after a net profit of UAH 4 billion 73.49 million a year earlier with a decrease in revenue by 7.3% to UAH 1 billion 831.63 million.
In the report for the 4th quarter of last year, the company indicated that it works on tolling raw materials, and its loss for the 4th quarter of UAH 624.7 million was caused by exchange rate differences, without which the company’s profit would have amounted to UAH 179.6 million.
