21 May 2013 16:03 [Source: ICIS news]
MOSCOW (ICIS)--Schekino Azot plans to build a new methanol production facility, the Russia-based chemical producer said on Tuesday.
The project is expected to be implemented in three years, the company added without disclosing financial details.
Schekino Azot's board chairman Boris Sokol in a statement said the new unit would have a capacity of 600,000-800,000 tonnes/year. The board is expected to approve the project in the third quarter of 2013.
In October 2011, the company started operation of a new 450,000 tonne/year methanol project that cost €150m ($192m). This facility replaced the company's pre-existing 350,000 tonne/year methanol unit that was shut down.
($1 = €0.78)
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