Russia buisness development

11.08.2021

K-potash is creating $1.17 billion unique zero-emission production of mineral fertilizers.

K-potash is creating $1.17 billion unique zero-emission production of mineral fertilizers.
K-potash company is setting up $1.2 billion extraction and production of chloride-free fertilizers containing potassium and magnesium based on the salt conversion method. This is a unique zero-emission production which complies with Russian and European environmental standards. 1500 new jobs will be created. Development of the Nivensky-1 site will make it possible to produce chlorine-free mineral fertilizer based on the salt conversion method. It is widely used in agriculture. Development of the site will begin with rock freezing, vertical shaft sinking and mine field development. A SPKV-7 shaft sinking machine passes 1,150 meters into the salt formations without the use of drilling and blasting. Ore is sent up through skips for processing. Empty spaces are backfilled with production residues to ensure stability. The ore is further processed and the fertilizer is being packaged. Unclaimed by-products are sent back for backfilling. This is a zero-emission production which complies with Russian and European environmental standards. The main objective of the enterprise is to develop the mining industry in the Kaliningrad region and turn it into a world leader in the production of chloride-free mineral fertilizers based on potassium and magnesium. Production will start in 2021. The project involves the creation of more than 1,500 jobs. Investments are $1.17 billion. Tax deductions will exceed $43 million annually. The project to develop this deposit will become the basis of the future production cluster: the K-potash production site will make it possible to create satellite enterprises to manufacture related products. In addition to production, a mini-city will be built next to the factory. More than 1,000 housing units will be built.