Russia is looking forward to joining the select group of world magnesium hydroxide (MgOH
2) producers through Nikochem LLC’s joint venture with The Russian Corp. of Nanotechnologies (Rusnano) in the commercial production of nano MgOH
2 by 2013.
The project’s aim is the production of a flame retardant nanostructured MgOH2 with a modified surface, and value added products of bromide and magnesium chloride. Rusnano has taken a 35.8% share in Nikochem’s nano MgOH2 project, aiming at a 2013 plant start up.
Rusnano is to contribute RUB167m.($5.48m.) to the project, and provide up to RUB1,110m.($36.4m.) in credit. The total budgeted cost of the project is RUB3,100m.($101.8m).
A 25,000 tpa plant is to be constructed at the site of JSC Kaustik (a Nikochem subsidiary) in Volgograd. An EPC contract with Andritz AG, Austria is under negotiation, which, if successful,...