PP plant in Russia's Omsk region to start operating in July
13 June 2012 14:48 [Source: ICIS news]
MOSCOW (ICIS)--?xml:namespace>Russia's Omsk regional government has pledged to start operation of a new 180,000 tonnes/year polypropylene plant in July, according to a government announcement on Wednesday.
The new plant, under the name PolyOm, is expected to start operation next month following regulatory approval from the local government.
In April 2005, Italian engineering and construction company Tecnimont agreed to build the new PP facility in Omsk, Western Siberia, in partnership with Russia's Titan group.
The project was initially expected on-stream by the end of 2006, but has been subject to severe delays because of financing issues.
In 2008, Omsk regional authorities offered guarantees for Technimont's contract and tax breaks to support the project. Last year, the regional government had pledged to complete the project in the third quarter of 2011.By: Sergei Blagov+44 20 8652 3214
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial
to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free
trial to ICIS Chemical Business.