12. Sep 2019
Russian petrochemical giant TAIF JSC Group and Bio-on have released a joint statement announcing TAIF’s plans to produce PHA bioplastic at a site in Tatarstan are indeed going forward.
The company will build a new plant for the production of PHA based on technology licensed by Italy’s Bio-on, at Alabuga, an industrial zone that has attracted a number of the technology companies.
The contract for the turn-key construction of the production plant will be awarded by the end of the year; production is aimed to commence in the second half of 2021. The plant will have an initial production capacity of 10,000 tpa, but set up with the possibility for expanding to double that at a later stage.
"We really believe in this project," says Ruslan Shigabutinov, General Manager of TAIF, who visited Bio-on and its production and R&D facilities in Castel San Pietro Terme (BO) on July 25, together with a Taif Group delegation, including strategic advisor Mr. Albert Shigabutdinov, who is also the Chairman of 2BIO JSC.
“It represents an important opportunity for a group like ours that, among others, is active in the field of plastics. Taif Group is strategically sensitive to innovations, to environmental protection elements and wants to be actors in sustainable initiatives like this,” he continued.
"The choice of the industrial site area was driven by the presence of many foreign investors that ensure, in addition to some tax benefits, an excellent visibility on the international market." added Albert Shigabutinov,