Russia's Schekino Azot starts production at new methanol unit

20 October 2011 17:19  [Source: ICIS news]

MOSCOW (ICIS)--Russia-based chemical producer Schekino Azot has started operations at a new methanol production facility in the Tula region, south of Moscow, the company said in a statement on Thursday.

The new 450,000 tonnes/year methanol project cost €150m to complete, it added.

The project was funded by a loan from Russia's major bank, Sberbank, while Denmark-based engineering firm Haldor Topsoe supplied technological solutions to produce methanol.

The methanol project was first announced back in 2007 and has been subject to repeated delays. It was originally expected to go onstream in the middle of 2010.

Schekino Azot is a producer of ammonia, urea formaldehyde concentrate and other chemical products.

By: Sergei Blagov
+44 20 8652 3214

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