EuroChem Targets 8 Million Tons of Potash Capacity in 10 Years
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EuroChem, Russia’s largest nitrogen-fertilizer producer, is targeting potash output capacity of 8 million metric tons in the next 10 years as it seeks to become self-sufficient in raw materials.
EuroChem may also buy natural-gas and phosphate deposits in Russia or abroad, Chief Financial Officer Andrey Ilyin said on a conference call. The Moscow-based company has two potash fields under development and isn’t yet producing the mineral.