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Investment Projects

Construction of a gas-tochemicals complex on the premises of Stavrolen

Company: Lukoil

Investment: $5-7 billion

Timeframe: 2024

Lukoil company plans to develop a project on construction of a gas-to-chemicals complex on the premises of Stavrolen. FID was adopted in February 2018. The commissioning is expected not earlier than 2024. The new facility will process gas coming from the Caspian fields named Rakushechnoye and Kuvykina. As informed earlier, the first phase of the complex would release carbamide, the second – polyethylene and polypropylene. The capacity of the plant is estimated at 2 million tonnes per annum. Project investment amounts to $5-7 billion.

Construction of an ammonia production complex Eurochem - North-West-2

Company: EuroChem

Investment: $1.5 billion

Timeframe: 2024

Within the project it is planned to build a complex for production of 1 million tonnes of ammonia, 1.2 million tonnes of carbamide. Overall investment is estimated at $1.5 billion. The construction of nitrogen facility could take 3-3,5 years, it is scheduled for commissioning in 2024. The construction will be executed through own and loan funds. The facilities will be built on the site, where the company launched the first plant for production of ammonia (1 million tonnes) in June 2019. Project contractor - Maire Tecnimont SpA.

Construction of a methanol production complex in Ust-Luga

Company: SAFMAR

Investment: over 1 billion euros

Timeframe: 2024

SAFMAR, Maire Tecnimont and Novaya Gavan, the owner of the marine terminal, signed a memorandum of understanding for the construction of a methanol production complex in Ust-Luga. Overall investment is estimated at more than 1 billion euros. Projected capacity will comprise 5 thousand tonnes of methanol per day. The complex will be integrated into the Novaya Gavan terminal in the north-eastern part of the Luga Bay of Kingisepp district. The memorandum implies joint construction, financing, maintenance and operation of an ecological methanol production plant. The parties agreed to discuss a joint development agreement and begin design work (“FEED”) under the Construction of a methanol production complex in Ust-Luga leadership of Tecnimont S. p.A (the main EPC contractor of the Maire Tecnimont group) and the Russian design institute. At the same time, the consortium plans to create a joint venture and will work to attract project financing. The parties intend to unlock funding from international banks with the support of one or more export credit agencies. Commissioning is expected in 2024. The output will be exported to Europe.

Construction of a methanol production complex in Ust-Luga

Company: RusKhimKom

Investment: 1 billion euros

Timeframe: before 2023

RusKhimKom Company plans to build a complex for methanol production in Leningrad region before 2023. Within the project it is planned to build a methanol plant with the capacity of 1.8 million tonnes per annum (Alekseevskaya industrial area (including linear facilities), methanol transmission pipe (48 km) and an offloading facility in Ust-Luga port. The company has already signed an agreement to purchase 225 ha of land in the Kingisepp district; it also has an agreement with Gazprom Mezhregiongaz SPb on supply of 1.7 billion m3 of gas before 2032. The company approved financing and started “design documentation” stage.

Establishment of a chemical cluster

Company: Khimprom (Industrial Technologies)

Investment: 50 billion RUB

Timeframe: 2024

This large-scale investment project on the premises of Khimprom will be developed phase by phase. Phase 1 started in 2020. It implies commissioning of the largest Russian methanol production – over 1 million tonnes per annum. Mitsubishi Heavy Industries designs the project. NIIK will customize project documentation. In spring 2021, EPC contract will be signed. Turn-key contractor will be selected. Feasibility phase has been completed. Documents are being prepared for the State Expertise. Engineering surveying is in progress. Project completion is scheduled for 2024.

Establishnment of complex fertilisers production in Turkmenistan

Initiator: Turkmenkhimiya Group

Investment: —

Timeframe: —

Within the programme on increasing chemical potential of the country, a series of agreements were signed between Turkmekhimiya and foreign companies. In early 2019, the national concern Turkmenkhimiya announced the start of an international tender on design and turn-key construction of a unit for production of complex mineral fertilisers. Construction of Production of fertilisers in Turkmenistan the unit is planned to take place in the Turkmenabat Chemical Plant in the Lebapsky district. Besides, the international tenders were announced on selection of contractors for design and construction of a facility for production of granular ammonia sulphate and a facility to produce nitrogen-sulphate fertiliser Urea-ES at the plant Tedzhencarbamide. Turkmenkhimiya and Thyssenkrupp Industrial Solutions agreed on understanding in execution of repair and rehabilitation works for Tedzhencarbamide to reach its nameplate TURKMENISTAN capacity. Turkemenkhimiya, Turkish GAP Insaat, and Thyssenkrupp Industrial Solutions concluded a MoU on the project for construction of a chemical complex in the city of Mary. The document confirms the intentions of the parties to build facilities for production of ammonia, carbamide, nitric acid, and ammonia nitrate.

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