Today, at the headquarters of TAIF JSC, Kazan, Nizhnekamskneftekhim PJSC and the Research and Design Institute of Carbamide and Organic Synthesis Products (JSC NIIK) signed an agreement to develop design and detailed documentation for the construction project of 500 kta methanol production plant. The agreement was signed by the General Director of Nizhnekamskneftekhim PJSC (a TAIF Group company) Azat Bikmurzin and the General Director of JSC NIIK Oleg Kostin.

The signing ceremony was attended by the Board Chairman of JSC NIIK Igor Yesin and the delegation of TAIF Group under the leadership of Albert Shigabutdinov, General Director, TAIF JSC.

The main area of methanol (methyl alcohol) application in Nizhnekamskneftekhim PJSC is the production of formaldehyde, which in turn is the raw material for isoprene production. The methanol plant will be built to improve the efficiency and reduce the cost of isoprene rubber production.

For reference:

JSC NIIK is a large Russian engineering company that offers its customers a wide range of services in engineering, process development, package supply of equipment, investment feasibility analysis and construction management.

A branch of the State Institute of Nitrogen Industry (GIAP) was first established in Dzerzhinsk in 1952. In 1990, the Institute became autonomous as a state-owned enterprise GosNIIkarbamidproekt. In 1999, it was transformed into JSC NIIK (a research and design institute of carbamide and organic synthesis products).

The company has three divisions, i.e. the research, engineering and supply departments.

Nizhnekamskneftekhim PJSC is one of the largest petrochemical companies in Eastern Europe enjoying leading positions among domestic producers of synthetic rubber, plastics and ethylene. It is a part of TAIF Group. The company was established in 1967, with the main production facilities located in Nizhnekamsk, Republic of Tatarstan.

The product portfolio includes more than 120 items. The company's products are exported to 50 countries in Europe, America and Southeast Asia. The share of export in the total volume of production is about 50%.

TAIF Group, which has more than 43 thousand employees, is a production and investment company enjoying significant assets and huge production capacity, flexible and high-level management. TAIF Group, which consists of 54 subsidiaries and affiliated companies, operates in various fields running the following main businesses: oil and gas processing and petrochemicals, telecommunications, construction, banking and investment, and services. All the enterprises are closely linked in terms of finance, engineering, technology, and management.

Contact Information:

Press service, Nizhnekamskneftekhim PJSC
Tel.: +7 (8555) 37-78-64
Tel./Fax: +7 (8555) 37-74-92
E-mail: Press center,

Tel.+7 (843)277-94-48
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420015 Kazan, Republic of Tatarstan, Russia

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