Nizhnekamskneftekhim to resume plans to build a 1 mln tpa ethylene production complex

22-Jul-11
Russian petrochemicals manufacturer Nizhnekamskneftekhim (NKNH) will resume plans to build a new ethylene production complex, with capacity of 1 mln tpa, at an investment of US$3 bln (€2.5 bln) as per European Plastics News. Plans for the complex were suspended in 2010 in favour of expansion of synthetic rubber capacities. The project is scheduled for completion in September. 30% of the investment will be contributed by NKNH, while the balance 70% will be borrowed. Talks are underway with Russia's largest banks, including Sberbank and Gazprombank.
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