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Saudi Arabia can invest in methanol plant in Amur region - EastRussia | Far East

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Saudi Arabia can invest in methanol plant in Amur region

Saudi Arabia can invest in methanol plant in Amur region
Photo: pixabay.com

Saudi Arabia is considering investing in methanol production in the Far East of Russia. This was announced at the sixth meeting of the Russian-Saudi Intergovernmental Commission on Trade, Economic and Scientific-Technical Cooperation by the Minister of Energy of Saudi Arabia, Khaled al-Faleh.

As the TASSit is about investments in the construction of a methanol plant in the Amur Region. Now the project on the basis of its own railway oil terminal in Skovorodino is being implemented by the company Tehnoleasing. It is planned that the volume of production will be about one million tons per year.

Private investments in the project amount to 49 billion rubles, but this funding is not enough to create the necessary infrastructure, so the investor asked for help from the state. As the Deputy Prime Minister - Plenipotentiary of the President in the Far Eastern Federal District Yury Trutnev announced in May, the company will receive for this purpose 4,9 billion from the federal budget.