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Irkutsk Oil Company (INK) has selected Gemont as the general contractor to build a polymer plant in Ust-Kut, Russia. The plant will produce ethylene and polyethylene with an annual capacity of 650,000 tonnes, with Toyo Engineering as the engineering company. Construction is expected to take three years.
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.