More details have emerged about Titan-Polymer, a project to establish a PET resin and biaxially oriented PET (BOPET) film production complex in Russia’s western Baltic region.
The €258m scheme, initiated by leading Russian polymers group GC Titan JSC, is set to be built in four phases at the Moglino Special Economic Zone in Russia’s Pskov region by 2022. At its heart will be a PET production plant along with a pilot plant to develop co-polyesters with specific properties and two BOPET film lines.
This information was provided by Titan group chairman and founder Mikhail Sutyaginskiy who told an interdepartmental government meeting at Russia’s federal Industry and Trade Ministry, Titan will finance 20% of the project cost from its own funds.
During a presentation, he said his group aims to attract a significant part of the investment from Russia’s Industrial Development Fund, the Russian Export Centre and other development institutions.
Sutyaginskiy explained that the core PET plant, co-polyesters pilot unit and BOPET lines are due to be included in the scheme’s first two stages by 2020. Titan-Polymer is close to concluding contracts for project construction and machinery supply, he confirmed.
“To date, cooperation agreements have been signed with the Pskov and Omsk regions and a (project) agreement on intentions with the Moglino SEZ.
“The supplier of the main process equipment (BOPET) is defined – it is the German company Dornier (and as for) the general project contractor, the contract is at the final stage of signing,” Sutyaginskiy told the meeting called to consider funding and supporting the planned complex.
Titan-Polymer, set up to oversee and run the complex, already indicated the PET/BOPET operation expects to attract a number of film processing enterprises to a growing light industry cluster around the Moglino site.
Apart from providing work and stimulating growth in the Pskov region, the project, due to create 500 jobs itself, is in line with Russia’s current import substitution and exports policy. The complex should supply light industry with domestic staple fibres and industrial thread, according to Titan.
The polyester venture is a new departure for the Siberia-based group, a leading Russian polypropylene (PP) producer through its 210,000tpa Poliom plant in Omsk in partnership with Sibur Group and Gazprom Neft.
Its chairman revealed he intends to create a shared use scientific and technical centre on polyester materials processing and the development of products with new properties in cooperation with Pskov State University and the Russian Academy of Sciences.