Construction of this plant, announced 12 years ago, was started by July 2021, first stage planned to be completed in 2025. Since full lunch of the 1 stage it will produce 1,8 million tons of methanol, after 2-nd stage – additionally 3 million tons of carbamide. Project, funded by the set of Russian banks, is implemented in collaboration with China Chengda Engineering Co. as general contractor, but since 2016 100 % of shares belong to oligarch Artyom Obolenski. By the long term agreement of 2019, Chinese Development Bank granted to pay $ 1,7 billion to Russian banks syndicate for NPMF.
It’s marine terminal will be able to accept annually 105 ships. 4 columns of 490 tons each for methanol synthesis facility were brought to the site in September 2024. About 5000 people and 200 special machines are working now for the project, which is one of 10 biggest investment ones in Russia with 445 billion rubles private investments. Finally 1500 jobs will be presented by NPMF.
It is significant that local citizens in the settlements around were strongly opposing this construction using even court cases. They pointed out a big set of legal violations in the process of election construction site and project promotion, reminding also that methanol is a strong poison and its leaks to environment will be unavoidable.
Nonetheless, project reportedly means totally recycling technology. During several years of tax privileges for this resident of “Nakhodka” Territory of Advanced Development, it will submit 50 billion rubles to the budget, and 26 billion annually since privileges will be over. Key consumers of NPMF products will be China, India and Latin America, some carbamide will be supplied to Far Eastern agro businesses, producing soybeens for China. The plant will accept 3,15 billion cu meters raw gas annually from Sakhalin by Gazprom’s pipeline.
It’s marine terminal will be able to accept annually 105 ships. 4 columns of 490 tons each for methanol synthesis facility were brought to the site in September 2024. About 5000 people and 200 special machines are working now for the project, which is one of 10 biggest investment ones in Russia with 445 billion rubles private investments. Finally 1500 jobs will be presented by NPMF.
It is significant that local citizens in the settlements around were strongly opposing this construction using even court cases. They pointed out a big set of legal violations in the process of election construction site and project promotion, reminding also that methanol is a strong poison and its leaks to environment will be unavoidable.
Nonetheless, project reportedly means totally recycling technology. During several years of tax privileges for this resident of “Nakhodka” Territory of Advanced Development, it will submit 50 billion rubles to the budget, and 26 billion annually since privileges will be over. Key consumers of NPMF products will be China, India and Latin America, some carbamide will be supplied to Far Eastern agro businesses, producing soybeens for China. The plant will accept 3,15 billion cu meters raw gas annually from Sakhalin by Gazprom’s pipeline.