OREANDA-NEWS. “Nizhnekamskneftekhim” INC put in operation a Polypropylene Production Facility 180 Ktpa.

A little bit more than three years ago, 31 July 2003 “Nizhnekamskneftekhim” INC and Italian companies “Tecnimont” and “Basell” signed a Memorandum of Understanding with regard to setting up a polypropylene production facility in Nizhnekamsk.

“Basell” offered one of the most advanced process technologies – “Spheripol”, while “Tecnimont” made basic and detail engineering, equipment and material procurement. Moscow institute “VNIPIneft” was selected as a Russian designer.

Loan transactions totaling US$ 132m were signed to finance the Project, they were arranged by City Group, and the biggest loan amounted to US$ 65m guaranteed by an Italian ECA SACE.   
 
Now, NKNK holds a license to produce more than 80 grades of polypropylene. Polyolefin Plant is going to produce a complete list of polypropylenes: homopolymers, thermopolymers, random and high impact copolymers.