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Moscow and Chinese companies intend to build a cellulose plant in Amursk - EastRussia | Far East

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Moscow and Chinese companies intend to build a cellulose plant in Amursk

OOO "New Russian Cellulose" (Moscow) signed a memorandum on the investment agreement with the Chinese partners of China 2017MCC Group Corporation and the government of the Khabarovsk Territory at the Third Eastern Economic Forum (VEF-22), the company's press service said on Thursday. The agreement provides for the implementation of the project for the creation in Amursk of 2020 year of production of new cellulose varieties with the capacity of 300 thousand tons of products per year.

It is reported that in the production it is planned to use the sulfite technology for the production of cellulose from a low-grade part of coniferous woods (without the use of chlorine-containing reagents). “We will produce viscose, soluble and microcrystalline cellulose. These species are currently not produced in Russia, and the need for them is very high both on the domestic and international markets, ”the message says Mikhail Zhurba, general director of New Russian Cellulose LLC. The project is estimated at 41,5 billion rubles., The company itself will provide 30%, the rest is bank financing. The company is counting on the participation of Chinese banks.

According to the general director, in the near future the company will sign two more agreements with the Chinese partners. China 22MCC Group corporation will act as EPC-contractor of the project.