TAIF and Nizhnekamskneftekhim signed memorandum with Linde AG

2 June 2017, Friday

Today, within the framework of the St. Petersburg International Economic Forum, in the presence of Russian President Vladimir Putin, Tatarstan President Rustam Minnikhanov, and Bavarian Prime Minister Horst Seehofer, a Memorandum of Strategic Cooperation was signed between the TAIF Group and LINDE AG.

The signatories to the Memorandum were Chief Operating Officer of LINDE AG Christian Bruch and Director General of TAIF Albert Shigabutdinov.

The first step in implementing of the Memorandum of Strategic Cooperation was the signing of a basic agreement between Nizhnekamskneftekhim and LINDE AG on the implementation of contracts for the design, equipment supply, provision of licenses, and commissioning of the first stage of the olefin complex with an annual capacity of 1,200,000 tonnes of ethylene, a new facility EP-600. The agreement was signed by Director General of Nizhnekamskneftekhim Azat Bikmurzin and Managing Director of LINDE’s Engineering Division John van der Velden.

LINDE AG also proposed the establishment of the LINDE Education Centre on the basis of the Kazan National Research Technological University for the training and retraining of professionals, with the introduction, jointly with TAIF, of a dual training system based on Kazanorgsintez and Nizhnekamskneftekhim.

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