NFP is a large-scale investment project for construction of a plant for the production of methanol and nitrogen fertilizers.
NFP will be constructed near the major seaport named Nakhodka, close to the target sales market - the Asia-Pacific Region. India and Latin America will also be available from the logistic point of view.
The Plant would produce 1.8 mln tones of commercial methanol (Phase I) and 3.0 mln tones of urea (Phase II) annually. The production costs per ton are expected to be among the lowest globally.
After completing the preparatory phase and securing funding in the 4th quarter of 2019, the construction of Phase I was launched. The Contractor received an advance payment and began to work on the EPC contract. Reaching design capacity for Phase I is planned for 2023.
The place for construction is located near the gas pipeline system of Gazprom, stretching from the gas fields on Sakhalin. In 2015 NFP has signed the 20-year contract with Gazprom Group to supply the natural gas in the volume of 3.15 bcm per year.
On September 5, at the V Eastern Economic Forum, an agreement was signed with the Far East Development Corporation on the implementation of the NFP project within the framework of the TAD "Neftehimicheskiy". As a resident of the TAD, a preferential tax regime will apply to NZMU.
The project is supported by the Russian State Banks, local authorities and federal government. Unit costs will be one of the most competitive in the world.