GNS requests 26.6 billion roubles for the construction of acrylates complex.
Edited by Rhod Mackenzie / 2015-07-27 06:08:43
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Bashkir company "Gazprom Neftekhim Salavat" (GNS), one of the largest Russian petrochemical producers, had applied for the allocation of 26.6 billion roubles from the National Welfare Fund (NWF), to finance the project for the construction of the complex of acrylic acid and acrylates in Bashkiria, the source familiar with the company's plans told the Interfax.
The project cost is estimated at 38.9 billion roubles. The company is ready to invest 10.2 billion roubles of its own funds, to loan another 2.1 billion roubles, and the rest it wants to attract from NWF. This limit on the co-financing of the NWF is 40% of the total project cost (15.6 billion roubles for the project).
