“Metafrax” signed a contract with “Casale Group” for methanol plant reconstruction

- The contract for main reactor reconstruction was signed on the 17th of July, - said General Director of the company Vladimir Daut.

The reconstruction will allow us to increase daily capacity by 60 tonnes while keeping natural gas consumption on the same level. Thus, total production might increase by 2.2% and costs will reduce.

Total cost of the project will be 250 million roubles, and it is estimated to be paid off in 5 years. The new equipment will be delivered at our site in June 2015, and its installation will occur during scheduled maintenance.

In 2014 the company is planning to sign another contract for the second stage of reconstruction, which should increase the plant's capacity by about 10%.

- The majority of works will take place in 2014-2016, so in 2017 total capacity of our methanol plant should reach 1.1 million, - added Vladimir Daut.