London +4420 814 42225
Moscow +7495 543 9194
Kiev +38044 599 2950
info@mrcplast.com

Our Clients

Order Informer

 
Home > News >
 

Tatneft and KazMunayGas establish JV for production of butadiene rubbers

December 03/2021

MOSCOW (MRC) -- Russias Tatneft and Kazakh company KazMunayGas have signed an agreement for a new production site in the Atyrau region of Kazakhstan, said the company.

The new facility will produce butadiene rubbers for use in tire manufacturing. The joint venture was signed by Nail Maganov, general director of Tatneft, and Alik Aidarbayev, management board chairman of KazMunayGas. Production will commence in 2026 at the SEZ National Industrial Petrochemical Technopark (Free Economic Zone). Approximately 2,000 jobs will be created at the site during the construction period, and more than 700 job positions at the point the facility goes into operation.

The planned capacity of the facility will be up to 180,000 tonnes of butadiene and butadiene rubbers per year. The share divide between KazMunayGas and Tatneft will be 25% and 75% respectively. The preliminary cost of the project is estimated at around US1bn, and the parties are considering options for financing, including through borrowing.

It is assumed that raw materials will be supplied from the Tengiz and Korolev fields in Kazakhstan. The plans provide for finished products to be sent to a tire manufacturing factory in the Karaganda region, as well as for export to European countries, Russia, China, Turkey and other destinations.

In November 2021, a financial lease agreement has been concluded between "KamaTyresKZ", subsidiary of PJSC Tatneft named after V.D. Shashin in Kazakhstan, and JSC "Industrial Development Fund".

Butadiene is one of the main raw materials for the production of acrylonitrile butadiene styrene (ABS).

According to the ICIS-MRC Price Report, in the Russian market in the current month, Plastik (Uzlovaya) kept the ABS prices at the level of the previous month and offers unpainted material with a volume of 20 tonnes at a price of Rb293,000-300,000  per tonne, FCA Nodal, including. At the same time, for regular customers of the plant, prices can drop by Rb3,000-4,000 per tonne, the manufacturer said.

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.


mrcplast.com
Author:Anna Larionova
Tags:petroleum products, crude oil, PP, PE, neftegaz, petrochemistry, KazmunayGaz, Tatneft, Kazakhstan, Russia.
Category:General News
|
| More

Leave a comment

MRC help

 


 All News   News subscribe