14 February 2014 12:04 [Source: ICIS news]
MOSCOW (ICIS)--Metafrax is to take the next step in developing a proposed new ammonia/urea plant, and is to pursue a project to ramp up its methanol production capacity, the Russia-based methanol producer said on Friday.
Metafrax's board decided this week to finalise a feasibility study of the ammonia/urea project this year. The proposed new plant, to be based in Gubakha, northern Russia, would have a capacity of 400,000 tonnes/year of urea and 600,000 tonnes/year of ammonia, Metafrax said.
The board also approved a modernisation programme running to 2020 that includes the methanol capacity increase project, according to the company.
Metafrax originally outlined plans in May 2012 to increase its methanol production capacity by 10% by the end of 2013.
However the project, involving the modernisation of Metafrax’s methanol production unit and the increase of its capacity from 1m tonnes/year to 1.1m tonnes/year, was delayed until 2015-16. The estimated cost of the work is €50-60m, according to the company.
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