"Our existing nitric acid production capacity fell short of our fertilizer production capacity. When sufficient demand for fertilizers emerges in the market, we will be able to increase our fertilizer production by more than one-tenth and use all of our capacity," Achema CEO Ramunas Miliauskas said in a press release.
Achema purchased the set of equipment, which is technologically superior to the plant's existing equipment, from a plant in Romania and retrofitted it, he said.
The new equipment, unlike the old equipment, does not need gas, which will allow the company to reduce gas usage by around 22 million cubic meters. The plant annually burns around 1.2 billion cubic meters of gas, which it imports from Russia's Gazprom.
