Ammonia terminal in Taman might be launched in Q2 - Russian Industry and Trade Ministry

MOSCOW. Jan 26 (Interfax) - Work on the project to build a terminal in Taman to handle ammonia and fertilizer is continuing and the facility is expected to open in the second quarter of 2024, Deputy Industry and Trade Minister Mikhail Yurin told reporters.

"The project is in the active stage of implementation. We're monitoring it, helping our colleagues [at Togliattiazot ]. As with many investment projects, there are unforeseen factors that affect the project, but the project will certainly be launched," Yurin said on the sidelines of the Russia exhibition.

"We see a period sometime in the second quarter of this year when the project will be launched," he said about when the terminal might open.

Togliattiazot, which is controlled by UralChem, said earlier that it planned to launch the first phase of the Taman terminal with capacity of up to 2 million tonnes of ammonia per year in December 2023. The second phase of construction was scheduled for 2024-2025, which upon completion would expand capacity to 3.5 million tonnes of ammonia and 1.5 million tonnes of urea per year.

The launch of the export terminal will enable Togliattiazot to return to full capacity after having to reduce production due to the shutdown of the Togliatti-Odessa ammonia pipeline in 2022. The terminal will cost 60 billion rubles, according to the latest estimates.