Fertilizer producer Eurochem Group announced that Chief Executive Officer Dmitry Strashnov has resigned from the group for personal reasons with immediate effect. Kuzma Marchuk, CFO of the Group, has been named Acting CEO.

Eurochem announced that it plans to open a second new fertilizer blending plant in Brazil this year.

Eurochem singed a Memorandum of Understanding (MoU) with Heilongjiang Beidahuang Farms, part of Beidahuang Group, China’s largest agricultural company for the supply of potash and NPK fertilizers.

Eurochem announced a take-or-pay agreement for the purchase of up to 100 % of the expected future Sulphate of Potash (SOP) output from the Colluli Potash Project in Eritrea, East Africa.

Eurochem announced the opening of a new blending plant in Brazil as part of the continued expansion of Fertilizantes Tocantins (FTO).

Fertilizer company Euro Chem announced the sale of its Ukraine subsidiary. In a statement, the group mentions recent actions in Ukraine to restrict foreign suppliers of fertilizers, and expectations of a further deterioration of the business climate as the reasons for their decision.

Novatek, one of the largest independent natural gas producers in Russia, takes over oil & gas company Severneft-Urengoy from fertilizers conglomerate Eurochem for an undisclosed sum.

Fertilizer company Eurochem and Chemchina signed a Memorandum of Intent for a potential partnership to jointly produce industrial products in Russia.