Ukrainian fertilizer producer Stirol announced on Wednesday that it would compensate the families of those killed and injured in a chemical plant explosion on Tuesday, according to Xinhua.

The families of those killed would each get 125,000 U.S. dollars, said Dmitry Firtash, head of Stirol.

"I deeply and sincerely sympathize with the families who have lost their loved ones, and with the staff who have lost friends and colleagues. Now our job is to support them in such difficult times and to make every effort for our employees who are currently receiving treatment," Firtash was quoted as saying by Ukrainian media.

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The blast occurred on Tuesday afternoon at a Stirol plant in Gorlovka town, Donetsk region in eastern Ukraine during maintenance work on an ammonia reservoir. It ripped through the plant, killing three workers on the spot and injuring 24 others.

The injured were rushed to a local hospital, where two of them died later.