ANOTHER STEP TOWARDS A NEW PROJECT[20.03.2019]
On March 10–16, a Shchekinoazot delegation, chaired by its President Boris Sokol, toured CNCEC (Beijing, China). They went to discuss the final version of the EPC Contract for an ammonia production complex (1,500 tons/day) and an urea production complex (2,000 tons/day) between Shchekinoazot and CHINA NATIONAL CHEMICAL ENGINEERING СО., LTD. (CNCEC).
As a result of negotiations held at the CNCEC office on March 15, 2019, two contracts were signed: the first one between CNCEC and licensors Haldor Topsoe and Stamicarbon, and the second one between OJSC Shchekinoazot and CHINA NATIONAL CHEMICAL ENGINEERING CO., LTD. (the EPC Contract for ammonia and urea production complexes).
Shchekinoazot continues to develop its production site, increasing production capacities of strategically vital products.
The project implementation will ensure qualitative development of the gas industry for sustainable growth of raw material advanced processing and will allow moving from raw materials consumption and export to production of high-tech products of advanced processing with added value. This project is characterized by high economic efficiency, social and budget importance and an acceptable payback period.