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Baku Port begins construction of a strategic fertilizer terminal in Alte

 Last Update: 2021-06-17
 Source: Internet
 Author: User

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On June 9th, Baku International Maritime Trade Port "CJSC (also known as "Baku Port") announced the start of construction of a fertilizer terminal at its new facility in Alte, Azerbaijan
.

The strategic terminal is jointly funded by the Azerbaijani government and Baku Port

The Port of Baku in the Alat settlement, Azerbaijan

This investment decision is based on a feasibility study, which shows that there is great potential for the Central Asian landlocked countries to transfer fertilizers to Western markets through Azerbaijan
.

The three resource-rich countries in Central Asia-Turkmenistan, Uzbekistan, and Kazakhstan-have a variety of fertilizer production capacity, including urea, sulfur fertilizer, and more than 6.

Taleh Ziyadov, Director-General of the Port of Baku, said: “Between 2018 and 2020, the amount of fertilizers from Central Asia-mainly Turkmenistan-that are transshipped through the port of Baku has increased by more than 13 times, from 48,339 tons to 630,000 tons.

"In addition, this trend is accelerating
.

In the first five months of 2021, we transferred more than 450,000 tons of fertilizer, demonstrating the reliability of this transit corridor through Azerbaijan

The new fertilizer terminal in Baku Port will have an annual processing capacity of 2.
5 million tons
.

The facility will build two warehouses with a total capacity of 60,000 tons and be equipped with the most advanced conveyor system to transport various types of fertilizers directly to the warehouse or load them onto trucks/tracks at a newly designed truck loading station Truck

The fertilizer terminal in the port of Baku will strengthen Azerbaijan’s role as a strategic transit country for Central Asian countries and promote President Yiham Aliyev’s diversification strategy to make Azerbaijan a center of trade and logistics in Europe and Asia
.

With the completion of the new port of Alter with an annual throughput of 15 million tons, the Baku-Tbilisi-Kars railway linking the European and Asian railway networks, as well as the key to the country’s east-west and north-south axis transportation network Infrastructure projects, Azerbaijan aims to become the preferred partner of foreign logistics companies and investors who intend to expand their business at the crossroads of Europe and Asia

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