05-12-2012

OAO Nizhnekamskneftekhim selects Ineoss Innovene G and Innovene S processes

OAO Nizhnekamskneftekhim and INEOS Technologies are pleased to announce that Innovene G and Innovene S polyethylene technologies have been licensed for OAO Nizhnekamskneftekhim’s new petrochemical project. The 300 KTA Innovene G and 300 KTA Innovene S plants will be part of a larger expansion at the petrochemical complex in Nizhnekamsk, Republic of Tatarstan, Russia. The planned commissioning for the complex is in the 2015 - 2016 timeframe.

The combination of Innovene G gas phase fluid bed and Innovene S slurry phase HDPE provides OAO Nizhnekamskneftekhim with a complete product portfolio. INEOS Technologies HPLL metallocene LLDPE film products will be featured in the product slate along with state of the art PE-100 pipe grades, premium bimodal HMW HDPE film, bimodal blow molding and HDPE commodity molding grades. INEOS Technologies’ Carbon Black compounding technology will ensure ISO PE-100 qualification of the pipe grades.

Vladimir Busygin, General Director of OAO Nizhnekamskneftekhim, notes “By signing the license agreement for INEOS technology, we will be able to produce various grades of polyethylene and be competitive not only in Russia and CIS, but also in other foreign countries.”

Peter Williams, CEO of INEOS Technologies, commented: "INEOS Technologies is very proud of the fact that OAO Nizhnekamskneftekhim has chosen Innovene G and Innovene S to supply their full range of PE needs for the new petrochemical project in Nizhnekamsk. Our Polyethylene technology has been recognised as a world wide leader and we are confident that it will serve OAO Nizhnekamskneftekhim’s long term marketing needs domestically and in export markets.”