Nitrogen+Syngas 399 Jan-Feb 2026
26 January 2026
MoU on new urea plant
Uralchem JSC and three Indian fertiliser companies; Rashtriya Chemicals and Fertilizers Ltd (RCF), National Fertilizers Ltd (NFL), and Indian Potash Ltd (IPL) have signed a memorandum of understanding to set up a joint venture to construct a urea plant in Russia. The signing ceremony was held in New Delhi in December during a state visit by Russian president Vladimir Putin to India.
The capacity of the urea plant is expected to be in the range of 1.8-2.0 million t/a, with the agreed basis for the joint venture being a supply of ammonia from Togliattiazot JSC and the financing of the project by the Indian companies until the commencement of the plant’s commercial operation. The technical parameters and financial viability of the project are currently under detailed examination. The parties are also negotiating the corporate structure and governance approach in respect of the joint venture.
Dmitry Konyaev, Uralchem CEO said: “India is a leading agricultural player globally and also one of the world’s biggest consumers of mineral fertilisers. For Uralchem Group, India has historically been a strategic market, and we are committed to expanding and deepening our cooperation with Indian partners. We welcome this memorandum, which is another step in the continuous development of our long-term and mutually beneficial relations.”
