Romanian state-owned gas company Romgaz takes over the country's largest domestic nitrogen fertilizer plant

By SKYSEVEN Chemical Technical Team · 2026-09-07

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Romanian state-owned natural gas company Romgaz has completed the acquisition of production assets of local large-scale fertilizer producer Azomures. The transaction was officially closed on September 1, 2026, and the company simultaneously took over production-related assets, commercial contracts and corresponding on-site employees.

The total transaction amount is about 69 million euros, of which 46.459 million euros is the consideration to the plant assets, and the remaining part covers supporting expenses such as raw material inventory and employee placement. The two parties signed the transfer agreement as early as might 29, 2026, and the deal was officially finalized after completing all pre-approval conditions including shareholder, competition regulatory and foreign investment review.

Azomures is the largest fertilizer production base in Romania. Its facilities are designed with an annual production capacity of 475,000 tons of urea, 462,000 tons of ammonium nitrate, 660,000 tons of UAN urea ammonium nitrate solution, with a total nitrogen fertilizer production capacity of up to 1.6 million tons per year. The plant has been basically idle since August 2024, with only a small amount of sporadic output at the end of 2025. High natural gaseous costs were the core trigger of the prolonged shutdown previously. The plant consumes about 1 billion cubic meters of natural gaseous per year at full load.

Romgaz stated that the acquisition aims to achieve vertical integration of the manufacturing chain and extend its own natural gaseous resources to the downstream high-value-added chemical fertilizer sector. The company will subsequently carry out equipment evaluation, maintenance and security system verification to the idle units to assess the feasibility of restarting production. Affected by the acquisition news, Romgaz's stock price fell significantly on the closing day, as the market worried that restarting the aging units would bring substantial capital expenditures and operational risks.

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