# Irkutsk Oil Company to build $2.3B polymer plant in Ust-Kut, Russia

Irkutsk Oil Company (INK) selected Turkish contractor Gemont to build the Irkutsk Polymer Plant (IZP) in Ust-Kut, Irkutsk region. The 650,000 t/yr polyethylene plant involves an investment of 168 billion rubles and is expected to start operations in 2023.

- Type: New facility
- Announced: 2020-03-25
- Where: Ust-Kut, Irkutsk region, Russia
- Value: $2.30B (168.0B RUB)
- Jobs: 1,200
- Starts operating: 2023
- Status: under construction
- Capacity: 650,000 t/yr
- Products: polyethylene (HDPE and LLDPE)
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Irkutsk Oil Company](https://endata.com/companies/2234.md)
- [Univation Technologies](https://endata.com/companies/1099.md) (partner)
- [Toyo Engineering](https://endata.com/companies/8024.md) (partner)
- [Gemont](https://endata.com/companies/46125.md) (partner)

## Sources

- [neftegaz.ru](https://neftegaz.ru/news/Gazohimija/538319-zavod-po-proizvodstvu-polimerov-dlya-ink-postroit-turetskaya-gemont-/), 2020-03-25: "Завод полимеров ИНК в г. Уть-Кут Иркутской области будет выпускать полиэтилен по технологии UNIPOL™."

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