October 9, 2008

Cherepovetsky Azot JSC, a company under CSJC Phos Agro AG, has awarded a contract to Chemoprojekt SA to build a new 1500 tons per day urea plant in Cherepovets in Russia .

Stamicarbon will provide the license and Process Design Package for this project.

Apart from Stamicarbon's trademark elements featuring a Pool Reactor and Safurex ® stainless steel, particular care is being taken to minimize emissions further than to standard level.

The urea plant is expected to start production in June 2011.

The plant is the first new urea plant to be established in Russia after many years and leads to a new era of investments in fertilizer plants in Russia . Stamicarbon looks forward to continue its excellent and valuable cooperation with Chemoprojekt, in order to secure more future projects in Russia and the FSU.

The ground breaking and the foundation stone ceremony was held at July 3, 2008, attended by all participating companies in the project.