The Linde Group has formed a joint venture with chemical
company JSC KuibyshevAzot to build and operate a large ammonia
plant at the Togliatti site in Russia's Samara region, the
companies announced on Wednesday.
The deal will involve a total investment volume of around
275 million. Both companies have an equal stake in the
newly-formed venture, Linde Nitrogen Togliatti.
"We are proud to team up with our partner to support further
expansion of the Togliatti
industrial hub," said Professor Dr. Aldo
Belloni, executive board member for Linde.
"This project not only strengthens our
presence in Samara, but also our position as the leading gases
and engineering company in the fast-growing Russian market," he
Linde's engineering division will construct the new
plant, designed to deliver exceptional levels of energy
efficiency, according to project officials.
The plant will have a production capacity of 1,340 tpd of
ammonia. Construction work is scheduled for
completion in 2016.
JSC KuibyshevAzot, one of the biggest chemical companies in
Russia, plans to expand Togliatti production capacity for
caprolactam -- a precursor of polyamide plastics -- and
nitrogen fertilizers. It will need a rising stream of ammonia
to support these growth plans.