EuroChem Acquires Minority Stake in Spanish Fertiliser Company

EuroChem Group AG has acquired a minority interest (50%-1 share) in Hispalense de Liquidos, a family-owned producer of liquid nitrogen, phosphorus, and potassium (NPK) blends in Spain.

The deal gives EuroChem access to additional production capability and technical know-how, which will enable the group to expand the scope of its premium product offering.

Hispalense’s blending and storage unit are based in Seville with direct access to the city port. The facility has a production capacity of up to 1.5kt per day and current production levels are approximately 50kt/year of various liquid blends based mainly on UAN, phosphoric acid, MAP, urea and potash.

Hispalense has storage capacity for up to 21kt of liquid and solid raw materials. The company produces various customised formulas of fertiliser blends, selling the majority of them directly to local farmers.

“The acquisition of a stake in Hispalense, a well-established player in the Spanish fertiliser market, reflects our intention to expand our premium product portfolio. This is an interesting growth area for us and we see it has some exciting potential. The additional technical expertise will enable us to produce a new variety of such fertilisers and further support our customers with their efforts in sustainable farming,” said Dmitry Strezhnev, CEO of EuroChem.

“This is a win-win opportunity for us, giving us the ability to market some of EuroChem’s value-added fertilisers in Spain and to further promote our liquid fertiliser technology worldwide,” added Juan Romero, chairman of Hispalense de Liquidos.