17 May 2012 15:39 [Source: ICIS news]
MOSCOW (ICIS)--Metafrax plans to increase its methanol capacity by 10% in 2013, the Russian company said on Thursday.
The company, based at Gubakha in the Perm region of northern Russia, is the country's leading methanol producer and exporter. In 2007, it increased its methanol capacity by 22% up to the current 1m tonnes/year.
Metafrax plans to modernise its methanol production unit and raise its capacity further in 2013, the company said. The project is due to be completed by the end of next year, it added.
Since 2007, Metafrax has been considering building a new urea plant in Perm region with a capacity of up to 650,000 tonnes/year, at an estimated cost of €700m ($886m).
Earlier this month, Metafrax head Armen Garslyan indicated that plans to build the new urea plant in Gubakha could become feasible when the company secured increased natural gas supplies.
($1 = €0.79)
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