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10:27 PM  July 1, 2020

Tomskneftekhim to implement part of its investment projects in 2020

© РИА Томск. Павел СтефанскийTomskneftekhim to implement part of its investment projects in 2020

TOMSK, Jul 1 – RIA Tomsk. Tomskneftekhim (a subsidiary of SIBUR Holding) will retain important investment projects for the company in 2020, in particular projects to upgrade two polyethylene production lines and increase triethylaluminium production, Tomskneftekhim CEO Andrey Kugaevsky told RIA Tomsk.

Earlier it was reported that Tomskneftekhim annually carries out work to modernize its main facilities. In 2019, the petrochemical enterprise completed a project to upgrade compressor equipment, which allowed to increase production capacity of triethylaluminium (TEA), which is a catalyst in the production of polyethylene and polypropylene, by 35%.

“In connection with the COVID-19 pandemic and the economic situation that arose because of it, in general, SIBUR had to revise the portfolio of investment projects (for 2020). We allowed ourselves to postpone projects that do not affect the holding’s economic situation in the near future. But we intend to continue important projects. Projects on polyethylene and triethylaluminum will continue", – Kugaevsky said.

© РИА Томск. Павел Стефанский
As follows from the materials of Tomskneftekhim, the goal of the project for the reconstruction of two polyethylene production lines is to increase production capacity by 6.5%. The company plans to spend about 100 million rubles on updating the second line this year.

In addition, Tomskneftekhim plans to implement a project to increase triethylaluminium (TEA) production up to 459 tons per year in 2020 during stopping repairs (in 2019, the output amounted to 230 tons), it follows from the company's materials. The project cost is estimated at about 120 million rubles. The company will begin to receive additional tons of TEA from October.

"In addition to the above projects, we plan to install a turbogenerator in the production of monomers in 2021. In September, preparatory work will be carried out on the site that will allow us to complete the project in future without reference to the timing of the stopping repairs", – Kugaevsky added.

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