“Baku International Sea Trade Port” CJSC (aka the Port of Baku) has announced the start of construction of a fertilizer terminal at its new facility in Alat, Azerbaijan. The strategic terminal is jointly financed by the Government of Azerbaijan and the Port of Baku. It is expected to be commissioned by the end of 2022. .
Port of Baku begins construction of strategic fertilizer terminal in Alat
BAKU, Azerbaijan, June 9. /PRNewswire/ Baku International Sea Trade Port CJSC (aka the Port of Baku) has announced the start of construction of a fertilizer terminal at its new facility in Alat, Azerbaijan. The strategic terminal is jointly financed by the Government of Azerbaijan and the Port of Baku. It is expected to be commissioned by the end of 2022.
The investment decision resulted from a feasibility study revealing a significant potential for transshipment of fertilizers from landlocked Central Asian countries to western markets via Azerbaijan. Three resource-rich states of Central Asia - Turkmenistan, Uzbekistan and Kazakhstan - have production capacity for various fertilizers, including urea, sulfur, and potassium carbonate that exceeds 6.6 million tons annually. All three countries have invested heavily in constructing fertilizer production facilities to increase potential export volumes. A recen