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On Signing a Memorandum of Intent on Implementing the Project to Build a Nitrogen Fertilizers Manufacturing Complex in Mendeleevsk

12 may 2009 года
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Today in the course of the Russian-Japanese Economic Forum in Tokyo, a Memorandum of Intent on Implementing the Project to Build a New Ammonia, Methanol and Carbamide Manufacturing Integrated Complex in the city of Mendeleevsk, the Republic of Tatarstan was signed.

From the Russian side the Document was signed by Vnesheconombank Chairman Vladimir Dmitriev, Tatarstan’s Nonprofit Organization Investment-Venture Fund’s Board of Guardians Chairman – Tatarstan’s Prime Minister Rustam Minnikhanov, OJSC Ammonii General Director Radim Vakhitov, from the Japanese side - by Mitsubishi Heavy Industries ltd Executive Vice President Sunichi Miyanaga and Sojits Corporation ltd Vice President Kazunori Teraoka.

The Memorandum signed provides for establishing partner relations and promoting long-term effective and mutually beneficial cooperation between the parties and it is  aimed at creating a modern high-technology complex which makes it possible to fulfill the task of providing Russian agricultural producers including those of the Republic of Tatarstan with quality nitrogen fertilizers.

Under the said Memorandum major Japanese companies intend to jointly supply complete set equipment to OJSC Ammonii including equipment with long manufacturing periods and conduct technical consultations on construction management. Vnesheconombank and Tatarstan’s Investment-Venture Fund are determined to participate in financing the project.

The complex under construction is the first ammonia, methanol and carbamide manufacturing integrated complex on the Territory of the Russian Federation, such high-technology production facilities have not been built in the Russian Federation for a long time.

This project is planned to be financed with Japanese funds to be raised by Vnesheconombank.

 

Origin: Press Office of Vnesheconombank
Contact person: Ekaterina Karasina
Phone: +7 (495) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru


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