Belaruskali plans to increase fertilizer production capacity by 21.7% in 2030 to 16 million tons a year
<p> MINSK, Aug 27 - PrimePress. Belaruskali plans to increase its fertilizer production capacity by 21.7% by the Year 2030 up to 16 million tonnes per year as compared to the 2021 level. Belaruskali CEO Ivan Golovaty stated that during his report to President of Belarus Alexander Lukashenko on August 27, Lukashenko’s press service reports. </p> <p> </p> <p> Golovaty said that Belaruskali production capacity was engaged at 100% and since January 2021 it was increased from 11.5 million tons per annum to 13.15 million tons per annum. “By 2025 the production capacity is planned to increase up to 15.1-15.5 million tons and by 2030 to reach a level of 16 million tons,” he said. </p> <p> </p> <p> Belaruskali increased potash fertilizer production in H1 2021 by 21.8% year on year to 6.496 million tons, while in January-July - by 16.6% to 7.546 million tons. </p> <p> </p> <p> Exports of potash fertilizers in physical terms grew by 10.4% yoy in January-July 2021 to 6.98 million tons, while supplies to the domestic market increased by 65.5% to 625 thousand tons. </p> <p> </p> <p> Belaruskali is one of the world’s largest producers of potash mineral fertilizers, and is 100% state-owned. The company operates on the basis of the Starobin potassium salt deposit and includes four mines, auxiliary shops and service divisions. The company’s share in global exports of potash fertilizers exceeds 16%. The products are supplied to more than 100 countries. Exports are handled through Belarusian Potash Company (BPC). </p> <p> </p> <p> As previously reported, Belarus’ potash industry is under Western sanctions. The European Union imposed sectoral economic sanctions on Belarus on 25 June 2021. In particular, trade in petroleum products, potash fertilizers, raw materials and equipment for the production of tobacco and tobacco products is restricted. On 9 August 2021, the United States imposed sanctions on 23 individuals and 21 entities of Belarus, including Belaruskali, Absolutbank, Energo-Oil, New Oil Company, Bremino Group, Grodno Tobacco Factory, the National Olympic Committee and the Investigative Committee of Belarus. The UK and Canada also imposed sanctions on major sectors of the Belarusian economy, including the potash and oil refining industry, government securities and money market instruments, as well as dual-use goods and technologies and the aviation industry. End </p>
2021-08-28
Primepress
Belaruskali plans to increase fertilizer production capacity by 21.7% in 2030 to 16 million tons a year
MINSK, Aug 27 - PrimePress. Belaruskali plans to increase its fertilizer production capacity by 21.7% by the Year 2030 up to 16 million tonnes per year as compared to the 2021 level. Belaruskali CEO Ivan Golovaty stated that during his report to President of Belarus Alexander Lukashenko on August 27, Lukashenko’s press service reports.
Golovaty said that Belaruskali production capacity was engaged at 100% and since January 2021 it was increased from 11.5 million tons per annum to 13.15 million tons per annum. “By 2025 the production capacity is planned to increase up to 15.1-15.5 million tons and by 2030 to reach a level of 16 million tons,” he said.
Belaruskali increased potash fertilizer production in H1 2021 by 21.8% year on year to 6.496 million tons, while in January-July - by 16.6% to 7.546 million tons.
Exports of potash fertilizers in physical terms grew by 10.4% yoy in January-July 2021 to 6.98 million tons, while supplies to the domestic market increased by 65.5% to 625 thousand tons.
Belaruskali is one of the world’s largest producers of potash mineral fertilizers, and is 100% state-owned. The company operates on the basis of the Starobin potassium salt deposit and includes four mines, auxiliary shops and service divisions. The company’s share in global exports of potash fertilizers exceeds 16%. The products are supplied to more than 100 countries. Exports are handled through Belarusian Potash Company (BPC).
As previously reported, Belarus’ potash industry is under Western sanctions. The European Union imposed sectoral economic sanctions on Belarus on 25 June 2021. In particular, trade in petroleum products, potash fertilizers, raw materials and equipment for the production of tobacco and tobacco products is restricted. On 9 August 2021, the United States imposed sanctions on 23 individuals and 21 entities of Belarus, including Belaruskali, Absolutbank, Energo-Oil, New Oil Company, Bremino Group, Grodno Tobacco Factory, the National Olympic Committee and the Investigative Committee of Belarus. The UK and Canada also imposed sanctions on major sectors of the Belarusian economy, including the potash and oil refining industry, government securities and money market instruments, as well as dual-use goods and technologies and the aviation industry. End