Neochim's Ammonia Production Comes to a Halt, Leaving Bulgaria in Limbo
Neochim's Ammonia Production Comes to a Halt, Leaving Bulgaria in Limbo

Neochim's Ammonia Production Comes to a Halt, Leaving Bulgaria in Limbo

  • 19-Apr-2023 12:41 PM
  • Journalist: Rene Swann

Bulgaria [Europe]: Neochim, a Bulgarian fertiliser producer, has reported an unplanned stoppage at their Ammonia production unit due to a technical glitch.

According to a recent update, the plant's Ammonium Bicarbonate and Nitric Acid production units were not impacted by the emergency shutdown. Neochim, in a separate statement, added that the breakdown led to a substantial decrease in Natural gas consumption at the Ammonia unit.

Neochim has faced multiple production stoppages due to technical issues since October, in late March, due to a technical failure at the Nitric Acid production workshop, three units had to be shut down which was the most recent occurrence. In total, Neochim has experienced six production stoppages as a result of technical problems.

Neochim's stocks closed unchanged at 37.30 levs ($20.90/19.07 euro) on Thursday, marking the end of trading prior to the start of the Orthodox Easter holidays. The company's shares have fallen in value by more than 23% over the last year.

Related News

NewMarket Corporation Greenlights 100 Million Expansion for AMPAC AP
  • 25-Apr-2025 10:00 PM
  • Journalist: Phoebe Cary
Woodside Beaumont Ammonia Project Reaches 90 Completion Targets 2025 Startup
  • 25-Apr-2025 9:45 PM
  • Journalist: Jai Sen
Wartsila Hoegh Evi and Partners Complete World First Floating Ammonia to Hydrogen
  • 25-Apr-2025 4:30 PM
  • Journalist: Joseph Dennie
Amogy Teams Up with JGC to Fast Track Commercialization of Ammonia Cracking
  • 21-Apr-2025 5:45 PM
  • Journalist: Jai Sen

We use cookies to deliver the best possible experience on our website. To learn more, visit our Privacy Policy. By continuing to use this site or by closing this box, you consent to our use of cookies. More info.