Safpet is going to build a plant for the production of PTA and PET in Tatarstan.
Edited by Rhod Mackenzie / 2015-10-01 07:34:48
Finance Oil and Gas Refining Russia Petrochemicals PolymerUpdate Sibur Russia Oil and Gas Production and Refining
LLC "Safpet", a 100% subsidiary of "Ak Bars Holding", plans to invest 3.1 billion roubles from its own funds into the project for the production of terephthalic acid (PTA) and polyethylene terephthalate (PET), the Vedomosti writes.
The investment into the project, according to the latest estimates, will amount to 18.6 billion roubles. Nearly 14.8 billion roubles are expected to be attracted from VEB, 700 million roubles - from the Fund of Industry Development (FID).
