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On February 17, 2022, Brazil's President Jair Bolsonaro awarded Andrey Guryev, CEO of PhosAgro, the honorary Order of Rio Branco for enhancing Russian-Brazilian business relations. Guryev emphasized the growing collaboration potential between the two nations during the award ceremony in Moscow. Under his leadership, the Russia–Brazil Business Council has intensified efforts to improve trade ties. PhosAgro has significantly increased its eco-friendly fertilizer exports to Brazil, delivering 1.6 million tonnes in 2021, a 33% rise from 2020, contributing to 14% of Russia's total exports to Brazil.
During a recent forum, Andrey Guryev, CEO of PhosAgro, proposed a joint carbon exchange between Russia and Brazil, highlighting a remarkable 87% increase in bilateral trade to USD 7.5 billion in 2021, primarily driven by fertilizer exports. PhosAgro supplied nearly 1.6 million tonnes of fertilizers to Brazil, marking a ten-year high. The forum coincided with a meeting between the two nations' presidents, emphasizing the need for stronger economic ties and collaborative projects in agriculture and sustainability.
The Chairman of the Russia–Brazil Business Council, Andrey Guryev, proposed establishing a working group on carbon neutrality during a forum in Moscow on February 15, 2022. This initiative aims to develop a methodology for tracking carbon sequestration in Russian and Brazilian forests, potentially leading to a joint carbon trading platform. Guryev emphasized the importance of collaborative efforts in agriculture to implement technologies for soil carbon sequestration and invited Brazil to join the Green Club, focusing on eco-efficient fertilizers. The Brazilian Council supported these recommendations for submission to President Jair Bolsonaro.
PhosAgro has initiated industrial trial runs for the new +10 m level at the Kirovsky mine, delivering its first 400-ton batch of ore. This project aims to enhance ore output from 22.8 million tonnes in 2021 to 25 million tonnes by 2025. The development includes cutting-edge technology and is projected to produce 9.4 million tonnes annually by 2028. The project, launched in December 2015, will exceed RUB 26 billion in financing and is expected to complete by Q4 2023, ensuring a stable supply of mineral fertilizers in high demand worldwide.
PhosAgro has received certification for compliance with the Ecological Union's Vitality Leaf standard, marking it as the first company in the Russian mineral fertilizer industry to achieve this recognition. The certification covers over 50 grades of fertilizers produced by JSC Apatit, PhosAgro's main subsidiary. The eco-label indicates adherence to strict environmental safety requirements, ensuring no harmful heavy metals are present. Furthermore, PhosAgro's facilities, known for their sustainable resource management, were recognized for their eco-efficiency, aligning with international environmental standards.
PhosAgro has been revalidated as an Industry Stewardship Champion by the International Fertilizer Association (IFA) for its responsible production practices. This recognition, first awarded in 2019, signifies excellence in Safety Performance, Environmental Performance, and Energy Efficiency. The company invests over RUB 8 billion annually in environmental protection and adheres to strict environmental laws. CEO Andrey Guryev emphasizes the commitment to industrial safety and employee health as key priorities.
On December 13, 2021, Andrey Guryev, CEO of PhosAgro, presented the World Chess Championship trophy to Magnus Carlsen in Dubai. The match against Ian Nepomniachtchi ended with Carlsen winning 7.5–3.5 after 11 games. PhosAgro, a leading producer of phosphate fertilizers, has been a strategic partner of the Russian Chess Federation since 2010. The company supports chess development in Russia and has sponsored multiple championships. This year's event marked PhosAgro's fourth consecutive sponsorship, celebrating the skill and competition exhibited by the players.
PhosAgro and the UN FAO have extended their Cooperation Agreement until 2023, focusing on global soil protection and sustainable agriculture. Aiming to address soil contamination, PhosAgro will contribute an additional USD 1.2 million to the initiative, raising its total contribution to USD 2.4 million.
The partnership seeks to educate farmers through the Soils Doctors project and join the FAO's RECSOIL initiative to manage organic soil carbon. PhosAgro emphasizes the eco-efficiency of its fertilizers, which have low cadmium content, supporting food security across 102 countries.
The 2021 World Chess Championship commenced in Dubai on November 26, 2021, featuring Magnus Carlsen defending his title against Ian Nepomniachtchi. The event is backed by PhosAgro, a leading producer of phosphate fertilizers, and has a prize fund of €2 million. The championship includes 14 games, with the final game set for December 14, and a tie-break on December 15 if required. PhosAgro has been a strategic partner for the Russian Chess Federation since 2010, supporting the development of chess and the preparation of Nepomniachtchi for the competition.
PhosAgro has welcomed the European Commission's new regulation aimed at reducing cadmium levels in foodstuffs sold in the EU. Regulation 2021/1323 significantly lowers the maximum allowable concentration of cadmium by at least 50% and expands the list of affected food products to 66. This decision is based on extensive data indicating cadmium's negative health impacts, including its potential to cause cancer and renal dysfunction, especially in children. PhosAgro emphasizes its commitment to sustainability and healthy food production by providing eco-friendly fertilizers that meet these new stringent regulations.
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