Construction of a new ethylene complex on the basis of Nizhnekamskneftekhim is scheduled to begin in the second half of 2019. This was stated by the Chairman of the Board of Directors of Linde Engineering, a member of the board of Linde AG, Christian Bruch.
During the meeting of Linde, who is the contractor of the EP-600 project, and the delegation from Tatarstan, it was announced that the construction of the complex will start in 2019.
“The project is planned to be implemented in four stages. As a result, two new complexes will appear in the republic, which will produce 600 thousand tons of ethylene,” the press service of the President of the Republic of Tatarstan informs.
The head of TAIF Albert Shigabutdinov, who took part in the meeting, assured that the project is going according to plan.
“Today, Linde has implemented a number of large projects, it is planned to implement a large project to build an ethylene complex. All documents have already been signed and more than 500 people from Linde are already involved in this project. Our colleagues from TAIF will work on all these programs today and tomorrow,” – said the head of the Tatarstan Republic Rustam Minnikhanov after the meeting.
More than a year and a half ago, within the framework of SPIEF-2017, Nizhnekamskneftekhim signed a contract for the design, equipment supply, provision of services and launching works of the first stage of the olefin complex with the German Linde AG. At the same time, it was reported that the first phase of the complex with a capacity of 600 thousand tons per year is planned to be launched in 2021.
In May 2018, Nizhnekamskneftekhim entered into a long-term loan agreement with Deutsche Bank AG. The financial agreement, concluded with the support of the export credit agency Euler Hermes, is calculated at 807 million euros and will be valid until 2032.
According to information that was announced in Munich in May 2017, in addition to 600 thousand tons per year of ethylene, the first stage of the olefin complex is planned to produce 270 thousand propylene, 248 thousand tons of benzene, 89 thousand tons per year of divinyl and other intermediates.