Date: 6 months ago   Category: Industry

Marubeni, AEON and RDIF will direct $800 million to the plant on production of methanol in Volgograd — Rambler News Service


The Russian Direct Investment Fund (RDIF), the Japanese conglomerate Marubeni Corporation and the AEON infrastructure corporation have coordinated key conditions on investment into the project on production of methanol and the organization of a chemical cluster in Volgograd, RDIF has reported. "Within the signed agreement of the party have begun development of marketing and logistic plans of implementation of the project, GTM ONE and Mitsubishi Heavy Industries Engineering have signed the contract for performance of engineering works, including development of the main technical solutions of decisions and carrying out the detailed bank feasibility study. The agreement on the main conditions of joint-stock financing of the project between AEON and RDIF is also signed" — it is said in the statement. The total volume of investments into the project will be more than $800 million. The beginning of construction is expected at the beginning of 2020, the termination – at the end of 2022. Estimated power of the chemical company is more than 1 million tons of methanol a year. It is planned that all production of the plant will be exported. Construction is planned on the basis of the Khimprom plant in Volgograd.

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