It is the third largest producer of ammonia in the country[5] and one of the largest in Europe; producing nitrogen fertilizers, methanol, acetic acid, vinyl acetate, and their derivatives; acetylene, formalin, catalysts, household chemicals, and other chemical products.

[4] The successor of the Lysychansk Nitrogen Fertilizer Plant built in 1934, "Azot" produced its first output of ammonium nitrate on 1 January 1951.

Sometime after the dissolution of the Soviet Union, the chemical plant was acquired by Ostchem Holding, part of Group DF run by Ukrainian oligarch Dmytro Firtash.

[6] During the 2022 Russian invasion of Ukraine, "Azot" became the last Ukrainian-held position in the Battle of Sievierodonetsk, having sheltered soldiers and civilians.

[7] It was heavily damaged during the battle, as the transport workshop of the plant was shelled, igniting fuel and lubricants.