PhosAgro and UNESCO Launch Green Chemistry for Life Partnership for Harnessing
Talents of Young Scientists
MOSCOW, March 29, 2013
MOSCOW, March 29, 2013 /PRNewswire/ --
PhosAgro ("the Company") (Moscow Exchange, LSE: PHOR), a leading global
vertically integrated phosphate-based fertilizer producer, today signed a
partnership agreement with UNESCO establishing a grants programme to support
promising projects proposed by young scientists as part of the joint Green
Chemistry for Life project.
UNESCO Director-General, Irina Bokova, and PhosAgro CEO, Maxim Volkov, signed
the partnership agreement at UNESCO headquarters in Paris. The Permanent
Delegate of the Russian Federation to UNESCO Eleonora Mitrofanova, the
Executive Secretary of UNESCO's International Basic Sciences Programme (IBSP)
Maciej Nalecz, and the President of the International Union of Pure and
Applied Chemistry (IUPAC) Professor Nicole Mareau were also in attendance at
the signing ceremony.
The objective of the partnership between PhosAgro and UNESCO, to be
implemented in close cooperation with IUPAC, is to enhance global
international capacity to harness green chemistry to help address today's
global sustainable development challenges.
Financial and scientific support will be given to young scientists from around
the world who are working on development and application of advanced chemistry
technologies for issues like environmental protection, human health, food
supplies and the use of natural resources. Projects proposed by young
scientists will be evaluated, selected and launched by an international
This initiative represents the first time in the history of UNESCO and the
entire United Nations system that a Russian Company is providing
extra-budgetary funding for a project. The total financing from PhosAgro for
the five-year Green Chemistry for Life project, which may be prolonged, is USD
PhosAgro Management Board Chairman Maxim Volkov said: "I am extremely pleased
to launch this project, which is the first of its kind to be sponsored by a
Russian company. We view the Green Chemistry for Life project as an investment
in the whole planet, and a successful example of how science and industry can
unite under the auspices of UNESCO to create new knowledge aimed at protecting
the environment. I also believe that this project will help improve the
prestige of chemistry and lead to more young scientists choosing to study this
promising science. It is these young scientists who will be the source of
future breakthroughs in green chemistry."
In January 2011, during the official opening ceremony of the International
Year of Chemistry at the UNESCO headquarters in Paris, PhosAgro first took the
initiative to propose the launching of a partnership with UNESCO for
harnessing the talents of young scientists in green chemistry.
Notes to Editors
PhosAgro is a leading global vertically integrated phosphate-based fertiliser
producer. The Group focuses on the production of phosphate-based fertilisers,
feed phosphate and high-grade phosphate rock (with P  O  content of not
less than 39 percent), as well as ammonia and nitrogen-based fertilisers.
The Group is the largest phosphate-based fertiliser producer in Europe, the
largest producer of high-grade phosphate rock worldwide and the second largest
MAP/DAP producer in the world (excluding China), according to Fertecon.
PhosAgro is also a leading producer of MCP feed phosphates in Europe, and the
only producer in Russia.
PhosAgro has 2.1 billion tonnes of resources (according to JORC) of high
quality apatite-nepheline ore, representing over 75 years of production. The
Group also controls substantial Al  O  resources and has 41% of Russia's
rare earth oxides resources according to the G.P. Luzin Institute of Economic
Problems of the Kolskiy Scientific Centre of the Russian Academy of Sciences,
The Group's mines and phosphate rock production facilities are located in the
mountainous areas of the Kola Peninsula in the Murmansk region of northwest
Russia, whereas its fertiliser and feed phosphate production assets are
located near the city of Cherepovets in the Vologda region and near the city
of Balakovo in the Saratov region of southwest part of European Russia.
PhosAgro's 2011 IFRS revenue was over USD 3.4 bln and EBITDA was USD 1.2 bln.
The Сompany's net debt/EBITDA ratio was 0.43 at 31 December 2011.
For further information on PhosAgro please visit: http://www.PhosAgro.com
For further information please contact:
OJSC PhosAgro +7-495-231-2747 Irina Evstigneeva, Head of Corporate Finance and
Investor RelationsTimur Belov, Press Officer
M:Communications Sam VanDerlip email@example.com +44(0)20-7920-2356
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