Viktor Cherepov, chairman of the corporate’s board of administrators, introduced the rise in forecast estimates throughout a board assembly on Thursday. Subsequently, one of many world’s main producers of mineral fertilizers can break the historic document of final yr – PhosAgro produced 10.5 million tons of product in 2021.

“The cumulative dynamics of completed product output permits us to enhance the manufacturing quantity forecast on the finish of the yr. We count on it to exceed 10.9 million tonnes in 2022, practically 5% year-on-year development. Robust working outcomes allowed us to progressively enhance funding for social and charitable packages, for which PhosAgro allocates greater than 5 billion rubles yearly,” stated Viktor Cherepov, thanking the corporate’s workforce for his or her environment friendly work and professionalism.

As well as, the assembly famous vital progress within the implementation of the corporate’s local weather technique. The particular emissions of greenhouse gases of the primary protection have been lowered over the interval from 2018 to 2021 by 16%, whereas the gross emissions throughout this era decreased by 4% with the continual enhance in manufacturing.

A complete company program to enhance vitality effectivity is being carried out on the manufacturing advanced, and the corporate’s personal energy technology facility on the firm’s chemical manufacturing facility is working on a big scale utilizing waste steam from the sulfuric acid manufacturing facility.

On the identical time, packages for the usage of renewable vitality sources in industrial and social services are being carried out. PhosAgro is actively growing the share of “inexperienced” vitality in vitality consumption – final yr, about 20% of the output of the mining and processing advanced was produced utilizing hydropower.

A separate necessary venture of the corporate is the work on the creation of a carbon farm along with the federal government of the Vologda area and the Russian Academy of Sciences (RAS).

Carbon farms are areas devoted to monitoring and sequestering greenhouse gases. The estimated capability of the breakthrough venture for Russia is 700 thousand tons of CO2 absorbed yearly. The world might attain 65,000 hectares by 2028.

In October 2022, the primary a part of the carbon landfill was used within the Vologda Area on an space of ​​100 hectares, the place about 110 thousand coniferous and deciduous timber had been planted. On the identical time, analysis work is carried out within the territory of agricultural enterprises within the area. On the idea of “pilot” customary options for implementation shall be developed.

“As a UN World Compact main firm standing holder, PhosAgro will proceed to set an instance of sustainable improvement, combining excessive manufacturing and monetary efficiency with a accountable method to environmental safety, human rights safety, labor relations and preventing corruption,” Viktor Cherepov summed up the assembly.