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Maire Tecnimont to develop a new bio-degradable polymer plant in Tatarstan

April 22/2021

MOSCOW (MRC) -- Maire Tecnimont's subsidiaries NextChem and MET Development have signed an MoU with MC TAIF JSC (TAIF) to co-develop a new bio-degradable polymer plant in the Republic of Tatarstan (Russian Federation), using NextChemís know-how and MET Developmentís project development capabilities, said Hydrocarbonprocessing.

TAIF is the largest industrial investment company in Tatarstan, engaged in Oil and Gas, Chemistry, Petrochemistry and Energy. Under the agreement, TAIF and Maire Tecnimont Groupís subsidiaries will jointly assess and evaluate the biopolymer plant opportunity in order to establish the fundamentals of the joint development collaboration between the Parties. NextChem will be selected to provide its expertise and know-how to carry out the FEED (Front End Engineering Design) and EPC activities for the realization of the biopolymer plant. Maire Tecnimont Group will bring technological solutions and the best know-how for project development and execution, relying on its portfolio of technologies as well as its strong capabilities as an end-to-end developer of large-scale complex projects.

Pierroberto Folgiero, Maire Tecnimont Group and NextChem Chief Executive Officer, commented: ďOur Group can boast a very long-term, mutually beneficial cooperation with TAIF, which dates back to the 1970s. Today, we are enthusiastic to put our technological and entrepreneurial mindset at the service of such a prominent partner, to support the industrialization of the green economy in Tatarstan. This agreement is another tangible achievement of our project development strategy in green chemistry, as we are best equipped to assist our clients at the very early stage of their strategic investment initiatives in the energy transition sector, also by leveraging on our Groupís synergiesĒ.

As per MRC, subsidiary of Maire Tecnimont S.p.A. signed a EUR1.2 billion contract for engineering, procurement and on-site services (EPSS) for the planned Amur Gas Chemical Complex (Amur Gas Chemical Complex) of SIBUR, the largest petrochemical holding in Russia and Eastern Europe. The agreement was signed with Amurskiy GKhK, a subsidiary of SIBUR.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 215,390 tonnes in the first month of 2020, up by 23% year on year. Shipments of all grades of high density polyethylene (HDPE) and linear low density polyethylene (LLDPE) increased due to higher capacity utilisation at ZapSibNeftekhim. At the same time, PP shipments to the Russian market were 127,240 tonnes in January 2020, up by 33% year on year. ZapSibNeftekhim's homopolymer PP accounted for the main increase in shipments.
Author:Anna Larionova
Tags:PP, PE, ethylene, propylene, Sibur Holding, Taif -NK.
Category:General News
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