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URALCHEM has spent 270m RUB on environmental, energy saving and resource economy projects

05.07.2018


URALCHEM carried on financing nature protection, energy saving and resource economy in 2017. Top priorities include mitigation of environmental impact and smart use of natural and energy sources. A total of 270m RUB were allocated on these objectives last year. The company carries out regular work for enhancing process flows and upgrading and restoring waste…



TOAZ has unlocked finance for the construction of a third urea unit

24.03.2018


Togliattiazot, a major ammonia producer in Russia, has signed a 9-year loan agreement 180m EUR worth with a syndicate of Commerzbank AG (Zurich, Switzerland) and Landesbank Baden-Wuerttemberg (Stuttgart, Germany). As follows from the loan agreement, the interest rate is to be paid after a two-year grace period and to equal 2% per annum. SERV is…



SEVERODONETSK AZOT INTENDS TO RESTART CARBAMIDE PRODUCTION IN A MONTH

02.03.2018


PJSC Severodonetsk Azot (Luhansk region) intends to resume carbamide production in March this year, President of the Ukrainian Chemists Union Oleksiy Holubov has said at a press conference in Kyiv. “Severodonetsk Azot is likely to be launched on gas in March. And then it should start working on a full cycle: production of nitrate and…



SOCAR Polymer tested polypropylene production for the first time


On February 27, SOCAR Polymer Plant produced the first polypropylene product for demonstration and testing purposes, with the participation of SOCAR President Rovnag Abdullayev and company vice-presidents, according to SOCAR. As part of a working visit to Sumgait, the SOCAR President inspected Azerikimya Production Union (PU), SOCAR Carbamide and SOCAR Polymer before the production starts…



METAFRAX INTENDS TO START LAYING FOUNDATION FOR AMMONIA-UREA-MELAMINE FACILITY THIS SUMMER

13.02.2018


Site preparation lasted for a year in 2017, with an area totalling 20 ha. Subsurface utility engineering is currently underway. Whereas the next stage featuring laying foundation and fixing metal structures is scheduled for summer. “All works are performed on schedule. A total of 140 people is involved in the construction at the moment, with…



LUKOIL exercises a comprehensive approach to the development of the Northern Caspian and intends to build a gas chemical complex in the Stavropol territory

10.02.2018


In the course of the meeting with Russian President Vladimir Putin, Vagit Alekperov, Head of Lukoil, has reported on the results of company’s activities in 2017 and perspective projects for 2018. Lukoil demonstrated a dynamic growth in 2017. Total investment counted 500bn RUB. As Lukoil annually launches new offshore platforms in the Caspian Sea, in…



Grodno Azot is about to spend 1.3bn USD on a new facility

07.02.2018


The commissioning of the new nitrogen complex is scheduled for 2024. By expert estimates, the investment project will pay back in ten years. The Belarussian Government has approved the new nitrogen facility in Grodno. The annual capacity is expected at 875k tpa of ammonia, 1.2 mtpa of urea, and 200m cbm of hydrogen. Project investment…



AnAn Eyes Methanol Project In Russian Far East

29.01.2018


Summa Group, a private Russian investment holding, reported signing a memorandum of understanding (MoU) on January 19 with the Singapore-registered company on the construction of the facility. The plant will be built on the eastern bank of the River Lena in the Yakutia region, near gas fields belonging to Summa’s subsidiary, the Yakutsk Fuel and…



The urea facility in Azerbaijan is 98% complete

20.10.2017


SOCAR has 98,1% completed project works on the urea facility. Engineering and procurement are 100% accomplished, construction activities – 93,3%, civil works – 99,8%, equipment installation – 88,5 %. The completion of construction activities is scheduled for the late 2017, with commissioning to be carried out since the beginning of the next year. The launch…



The largest Russian methanol facility will be built in Yakutia


YaTEC intends to build the largest methanol facility across Russia. The ambitious project will be focused on meeting the North East Asian demand for methanol. The capacity of the first phase is estimated at 5k tpd. The investment needed for the project exceeds 1bn RUB. By tentative forecasts, the launch of the facility is scheduled…