The EDB to finance construction a new hydrogen peroxide manufacturing facility at Khimprom’s production site in Novocheboksarsk

06 June 2019

St. Petersburg, 6 June 2019. Yaroslav Kuznetsov, Chairman of Khimprom’s Board of Directors, and Andrey Beliyaninov, Chairman of the Management Board at the Eurasian Development Bank (EDB), signed a RUB 4.5 billion loan agreement at the St. Petersburg International Economic Forum. The funds will be invested in launching the production of hydrogen peroxide using the anthraquinone process with an annual capacity of 50,000 tonnes. The project is being implemented by Volzhskaya Perekis at Khimprom’s production site in Novocheboksarsk.

Investments are preliminarily estimated to total RUB 5.6 billion. The project has already been launched and project documentation has been approved. The company is currently negotiating agreements with equipment suppliers.

“The new production facility is of strategic importance to Russia. The project will fully cover the country’s demand for hydrogen peroxide (including the pulp-and-paper, health, beauty and even space sectors), 80% of which is currently being imported. Cutting-edge technology will be used to construct the facility, and the production process will be in line with international standards,” Yaroslav Kuznetsov commented.

“The project is in the chemical sector, which is one of the EDB’s investment priorities under its strategy for 2018-2022. Production is planned to be launched in 2022. This means new jobs and increased tax revenues at all levels, which will be used to improve the quality of living,” Andrey Beliyaninov added.

Khimprom is located in the Chuvash Republic and is one of Russia’s largest chemical enterprises. The company supplies its products to both the domestic and international markets and is currently running a large-scale upgrade programme. In 2018, Khimprom launched Russia’s first production of calcium hypochlorite.

Hydrogen peroxide is a component of special bactericidal products and is widely used for disinfection, pest control and bleaching in the pulp-and-paper and textile industries. It is also used in metalworking as an etching, polishing and cleansing agent, as well as to remove the so-called nitride gases during etching, and in environmental protection to treat industrial and domestic wastewater.

Additional Information:

The Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. The EDB's charter capital totals US $7 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan. 

The EDB Media Centre:

Alexander Savelyev +7 (985) 765 23 59 (Moscow)

Azima Sapargaliyeva +7 (777) 750 00 08 (Almaty)

Sergey Gorbachev +7 (916) 727 22 00 (Moscow)

Khimprom’s Press Centre:

Yekaterina Nikolayeva +7 (8352) 73-54-42 (Novocheboksarsk)

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