Bio-on and TAIF sign agreement for PHAs production plant in Russia

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Type of post: NEWS IN BRIEF.

Bio-on (Italian company focused on the biopolymers sector) and TAIF (Russian group that operates in the traditional petrochemical sector) have signed an agreement related to the building of the first PHAs production plant in Russia. Such agreement was inked in Moscow in the presence of the President of the Russian Federation (Vladimir Putin) and Prime Minister of Italy (Giuseppe Conte).
Press release: “Bio-on grants bioplastic technology license to Russian group TAIF for production in Russia”, 24/10/2018.
Related post: "Bio-on inaugurates its first biopolymers production plant in Italy", 25/6/2018. 

The agreement worth a total of 17.6 M€ distributed as follows:
- 5.6 M€ for licensing Bio-on's technology to produce PHAs from sugar beet by-products.
- 12 M€ for supplying plant components built according to Bio-on's proprietary technology (fermentors).

Facility data:
Location
Republic of Tartaristán (Russia).
Production capacity
10 ktons of PHAs (expandable to 20 ktons).
Cost
90 M€.
Timeline
Beginning of the design stage: next month.
Start-up: 2020.


Figure 1. Bio-on and TAIF sign agreement for PHAs production plant in Russia

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