MOSCOW (MRC) - The Industrial Development Fund (IDF) of Russia financed 1.2 billion rubles. in the Polief project - the production of polyethylene terephthalate (PET) from recycled materials, the press service of the government of Bashkiria reports, said the company.
"Last year, the implementation of an investment project for the production of PET began with an investment volume of more than 3.4 billion rubles. An additional 37 jobs will be created in the production," said Alexander Sheldyaev, Minister of Industry, Energy and Innovation of Bashkiria.
The implementation of the project will make it possible to produce 144,500 tonnes of PET chips with a content of up to 23.5% of recycled polymer per year and to increase the total production volume on one PET line by 33,500 tonnes per year.
Earlier it was reported that Polief continues to implement the project to launch the production of "green" PET pellets containing secondary raw materials. The enterprise loaded the first pile into the base of the production foundation. It is planned to launch the line in the first half of 2022. The production of PET with recycled content is an important part of SIBUR's sustainable development strategy until 2025. The technology that is planned to be used at Polief is environmentally friendly and belongs to the advanced methods of involving recycled PET in the production cycle.
According to MRC's ScanPlast, the estimated PET consumption in Russia in October of this year increased by 17% compared to the previous year and amounted to 67,970 tonnes against 58,030 tonnes in October 2020. According to the results of ten months of 2021, 661.83 thousand tons of PET were processed in the Russian Federation, which is 13% more than the same indicator last year.
Polyef is the largest producer of terephthalic acid (TPA) and polyethylene terephthalate (PET) in Russia (raw material for polymer food packaging). The TPA production capacity is 350 thousand tons per year, PET - 219 thousand tons SIBUR owns 100% of the company's shares.
PJSC SIBUR Holding is the largest petrochemical company in Russia and Eastern Europe with full coverage of the industry cycle from gas processing, production of monomers, plastics and synthetic rubbers to plastics processing.
MRC