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Gazprom neftekhim Salavat OAO to create Cyprus-registered operator for acrylic acid project-Interfax

Wednesday, 25 Dec 2013 07:12am EST 

Gazprom neftekhim Salavat OAO:Gazprom neftekhim Salavat OAO (GNS) will form a company, Acryl Investments Ltd, for construction of its acrylic acid complex, GNS said in a press release-Interfax.Acryl Investments will be registered in Cyprus. GNS will own 100 percent of shares.GNS began construction of the complex in Bashkortostan at the beginning of Dec.The complex will have capacity to annually produce 80,000 tonnes of crude acrylic acid, 80,000 tonnes of butylacrylate (ester of acrylic acid and butanol) and 35,000 tonnes of icy acrylic acid.Output from the complex is expected to reach design capacity in the fourth quarter of 2015. 

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