# EuroChem and ChemChina sign MoU for $500M isocyanates JV in Russia

EuroChem and ChemChina signed a memorandum to create a joint venture to produce isocyanates and propylene oxides, with an estimated cost of $500 million. The first project will upgrade EuroChem's Novomoskovskiy Azot plant.

- Type: Partnership
- Announced: 2017-06-02
- Where: Tula region, Russia, Russia
- Value: $500.0M
- Status: announced
- Products: isocyanates, propylene oxides
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [EuroChem](https://endata.com/companies/2685.md) (partner)
- [ChemChina](https://endata.com/companies/17634.md) (partner)

## Sources

- [globalinsulation.com](https://www.globalinsulation.com/news/1254-eurochem-and-chemchina-to-consider-isocyanates-production-options), 2017-06-02: "The joint venture will also produce propylene oxides for the use in the development of synthetic lubricants."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.