Buyer's Credit for Russian Company
Supporting Japanese Companies’ Export of Ammonia Production Plant Facility

  • Area: Europe
  • Machinery and Equipment

JBIC signed a buyer's credit (export loan) agreement with OJSC PhosAgro-Cherepovets engaging in the production of phosphorus- and nitrogen-based fertilizers. This loan will finance OJSC PhosAgro-Cherepovets to purchase a production plant facility from Mitsubishi Heavy Industries, Ltd. and Sojitz Corporation for building a new ammonia production plant, in addition to its existing ammonia production plant in Cherepovets city. In Russia, since there is the prospect of demand for rebuilding antiquated fertilizer plants in the future, this loan will lead to the creation of business opportunities for Japanese companies in petrochemical and fertilizer business in Russia.

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