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Project of «Titan-Polymer» is supported by the Ministry of Industry and Trade of Russia

5 July 2018

The project of «Titan-Polymer» Ltd. on creation of a complex on production of polyethylene-terephthalate (PET) and polymer processing was discussed at an interdepartmental meeting, that was held in the Ministry of Industry and Trade of the Russian Federation upon an initiative of Sergey Tsyb, First Deputy Minister.

The event was attended by the Deputy of the State Duma of the Federal Assembly of the Russian Federation, representatives of the Ministry of Industry and Trade, the Ministry of Energy, the Ministry of Economic Development of the Russian Federation, the Industrial Development Fund, the Russian Export Center, the Pskov region Administration, the special economic zone (SEZ) «Moglino», as well as financial institutions.

The primary goal of the meeting was to consider issues of the complex investment project implemented by «Titan-Polymer» on the territory of «Moglino» SEZ, and to determine support tools for this industrial complex.

The project will be implemented in four trainsby 2022. According to Mikhail Sutyaginskiy, Chairman of the Board of Directors of GC «Titan» JSC, a total investment amount for the project is estimated at 19 billion rubles, 20% of which is own funds. A part of the financial resources is planned to be attracted through the Industrial Development Fund, the Russian Export Center and other development institutions. The main range of products produced by «Titan-Polymer» will contribute to the solution of the state task on import substitution with orientation onexport, also it will help to provide light industry with Russian staple fiber and industrial threads.

Until 2020, at the first and second trains of the investment project, it is planned to build a plant for the production of polyethylene-terephthalate, including a pilot plant for the productionof a new types of co-polyesters with a specified properties, and two production lines for biaxially oriented polyethylene-terephthalate films (BOPET).

Mikhail Sutyaginskiy, during the presentation of the project, announced his intention to create a shared use scientific and technical center onpolyester materialsprocessing and developmentof productswith new properties in cooperation with the Pskov State University and the Russian Academy of Sciences.He also told about the project progress: "To date, there have been signed cooperation agreements with the Pskov and the Omsk regions and an agreement on intentions with the special economic zone «Moglino». The supplier of the main process equipment is defined – it is the German company Dornier, the general project contractor is also defined – the contract is at the final stage of signing. The site «Moglino» is fully ready to connect us to the existing engineering communications and to contribute to the construction of new facilities that are necessary for the project. It shows that we will launch the first train of production in well-timed».

«Titan-Polymer» isa strategic project for the Pskov region. In addition to 500 job places, we expect the inclusion of «Titan-Polymer» products in the production cycle not only of our residents, but also of many enterprises in the region. Such a neighborhood can definitely become a base for an economic breakthrough in the Pskov region,»said Olga Torbich, General Director of «Moglino» SEZ. 

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