New production facilities introduced at Nizhnekamskneftekhim
A commissioning ceremony for a new benzene extraction unit took place today. The unit was completed in late 2018, and in March this year it was brought to designed capacity. The new production facility is expected to optimise the processing of the benzene-containing fraction within the production process and relieve the existing energy-intensive units. With the help of the unit, the company expects to increase the annual benzene output up to 265,000 tonnes, which would give an opportunity to completely cut its purchases from third parties.
In Nizhnekamskneftekhim, benzene is used for the production of ethylbenzene, styrene, which are applied for the preparation of rubbers and polystyrene. Products made out of polystyrene include disposable dishes, toys, it also finds an application in the tyre, construction, medical sectors, and in other fields.
Today, the conference hall of the Nizhnekamskneftekhim administrative building also hosted an annual general meeting of shareholders, which summed up the results of the Company's financial and economic activities in 2018. The meeting was attended by First Deputy Prime Minister of Tatarstan Rustam Nigmatullin.
Company’s Director General Azat Bikmurzin made a report on the 2018 results. Last year, Nizhnekamskneftekhim continued its sustainable development, improving performance and economic figures in the interests of its shareholders and employees.