The state property fund and the city council of Kalush, where the enterprise is located, agreed to prepare a roadmap for resuming operations at the Oriana chemical plant after almost 18 years of inactivity. In the 90s, the Oriana plant was the leader in the Ukrainian chemical industry and produced polyethylene and potash fertilizers.
To turn the old plant into a working asset and find an investor, the State Fund seeks to resume the production of chlorine-free potash fertilizers at the enterprise.
Ukraine’s needs approximately two million tons of these fertilizers each year. Before the war, Ukraine annually imported $350M of this type of fertilizer, importing chemicals from Belarus, Poland, Russia, and Germany, which supplied 90% of the market. Today, reserves of potassium salts in Ukraine reach 4.3 billion tons and 457 million tons of potash fertilizers.