According to local authorities, the project will attract about 100 billion rubles of investment to the region. Representatives of China and Middle Eastern countries are already showing interest in participating in it.
According to the Minister of Industry and Energy of Chechnya Adam Khakimov, the project is currently going through the feasibility study stage. Construction work itself should begin in 2024.
The production of urea and ammonium nitrate is designed for a capacity of about 2 million tons per year. It is noteworthy that it will be equipped entirely with Russian equipment.
As the official noted, the republic expects the enterprise to become a driver for the development of the entire Chechen industry. In addition, the implementation of the project will create 500 jobs.
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