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Tatneft and MOL started construction of rubber-modified bitumen production

July 28/2021

MOSCOW (MRC) - Tatneft and the Hungarian MOL Group have launched a project to build a plant for the production of rubber modified bitumen (RMB) at the TANECO complex, the company said.

For these purposes, the companies agreed to establish a joint venture LLC RMB-Russ. Construction is underway at the Taneco oil complex. Its capacity will be 25 thousand tons of bitumen per season. The launch of the enterprise is scheduled for mid-2023. The total investment will amount to RUB 1.2 billion. "The project is planned to be implemented in part through tender funding from the Hungarian Export Support Agency (HEPA). To support the foreign use of the patented MOL technology, HEPA has allocated a one-time non-refundable grant to reimburse up to 50% of capital costs if the project meets the requirements of structural conditions and profitability," company message.

According to the MOL Group, the new plant will ensure the recycling of up to 500,000 car tires per year. RMB production involves the processing of already used rubber, namely car tires and tire production waste in RMB. It is assumed that the plant will be able to reuse rubber from 500 thousand tires in one road construction season. Eco-friendly bitumen will be used in road construction.

Last week, Lukoil, the second largest oil company in the Russian Federation, began construction of a polymer-bitumen binders production facility launched at the Nizhny Novgorod refinery on the territory of the Nizhny Novgorod refinery in the city of Kstovo. The plant's capacity exceeds 150 thousand tons during the production season.

Also last week it was reported that Tatneft plans to launch the production of terephthalic acid (TPA) to provide its Ecopet plant in the Kaliningrad region with raw materials. Tatneft bought Ecopet in June 2021. The deal amounted to RUB 6.4 billion. The company is engaged in the production and sale of polyethylene terephthalate in Russia and Eastern Europe.

According to the ICIS-MRC Price Report, spot prices for PET from Russian producers remained unchanged this week. There is still no free material on the spot at the Senezh plant. Producer Ecopet also reported a shortage of spot volumes in the current month, which is likely to persist in August.

OAO TATNEFT is part of OAO Tatneftekhiminvest-holding, an industrial and financial company that unites the largest enterprises of the oil and gas chemical complex of Tatarstan. TATNEFT accounts for over 80% of oil produced in Tatarstan. In 2013, the company increased oil production by 0.4% to 26.107 million tons. The main shareholder of Tatneft is the state holding OJSC Svyazinvestneftekhim, which owns 30.44% of shares in the authorized capital of the company. Tatarstan owns the "golden share" of Tatneft.

MOL is the largest Hungarian oil, gas and petrochemical group, engaged in exploration and production, transportation of hydrocarbons, as well as the operation of a network of trunk gas pipelines. TVK is a 100% subsidiary of MOL. TVK manufactures HDPE, LDPE, and PP.
Author:Anna Larionova
Tags:Bitum neftyanoy, Bitumnaya smes, PP, PE, modifikator bitumov, polimer-bitumnie vyazhuschie, MOL Group, Lukoil, Tatneft.
Category:General News
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