Odesa Port Plant holting production due to a surge in natural gas prices

PJSC Odesa Port Plant (OPP) holting production due to a surge in natural gas prices. This was announced by former Deputy Chairman of the Board Mykola Shchurikov on Facebook.

OPP is one of the largest chemical plants in Ukraine and a major consumer of natural gas, which the plant uses as the main raw material for the production of ammonia and urea. The average daily gas consumption of the OPP is about 2 million cubic meters. At the beginning of August, 2019 OPP resumed work after idle time more than a year and half. The plant has entered into a contract for the supply of gas under a tolling scheme with Agro Gas Trading LLC (AGT). Since its inception, AGT has supplied almost 1.4 billion cubic meters of natural gas to the refinery.

During two years of operation, 1.62 million tons of urea and 175.2 thousand tons of ammonia were produced at the OPP`s facilities. More than 90% of OPP products were exported. The top 5 largest consumers of urea include India, Italy, Turkey, Mexico and Tanzania. At the same time, Turkey, Greece and Bulgaria became the largest importers of ammonia.