Released on 10/12/12

Gazprom Neftekhim Salavat (GNS) has agreed the terms and conditions for the engineering, procurement and construction (EPC) of new acrylic acid and butyl acrylate production units, the Russia-based petrochemical major said on Monday.

GNS signed the EPC contract with Japan's Mitsubishi Heavy Industries, trade company Sojitz Corporation and Turkey's Renaissance Construction.

The new facilities will have capacities of 80,000 tonnes/year of AA and 80,000 tonnes/year of butyl-A, the company said. They will be built on GNS’s premises in Salavat, Bashkortostan, and are due to come on stream in the fourth quarter of 2015.

Damir Shavaleev, director general of GNS said: “After the challenging preparation, this important document for acrylic acid complex allowing us to be marketed in a new light in the petrochemical sector has been signed.

“The project is ambitious and we are ready to tackle demanding and large-scale challenges,” he added.

Formerly known as Salavatnefteorgsintez, the company was renamed Gazprom Neftekhim Salavat in January 2011.

GNS, controlled by subsidiaries of Russia’s gas giant Gazprom, is one of the country’s leading fertilizer, ethylene, polyethylene (PE) and polystyrene (PS) producers. It is based in the Russian internal republic of Bashkortostan.

Source ICIS News