The government has made a decision to subsidize loans for the implementation of a major investment project in the petrochemical sector.

Published on: 2026-04-29

Source: Government of the Russian Federation – Government of the Russian Federation –

An important disclaimer is at the bottom of this article.

In 2026–2030, more than 49.6 billion rubles will be allocated for subsidizing the preferential loan rate, which is necessary for the implementation of the project “Organization of the production of the technological chain ‘Paracetamol – TFC – PETF and polymer products'”. The order regarding this was signed by the Chairman of the Government Mikhail Mishustin.

Thanks to the subsidy, PJSC Sberbank will provide a loan to JSC Taneco at a preferential rate.

This project is the largest among those supported within the framework of the subsidization mechanism for preferential loans of the cluster investment platform. It will be implemented based on JSC “Taneco” in Nizhnekamsk. Its implementation will enable the establishment of a full production cycle of polyethylene terephthalate (PET) — a polymer used in the manufacture of containers (plastic bottles), films, and other products, as well as various types of synthetic threads and fibers.The specified threads and fibers are widely demanded in the light industry for the production of fabrics, including those with special properties used for the manufacture of clothing for firefighters, military personnel, and workwear.

The production process will be multi-stage. At the first stage, “paraxylene” will be produced from petroleum products, which is the raw material for the creation of terephthalic acid (TPA). It, in turn, is a key component for the synthesis of polyethylene terephthalate, from which the production of finished products will be established.

The total cost of the project is about 340 billion rubles. The own funds of JSC “Taneco” amount to about 141.3 billion rubles, and another 197.8 billion rubles are planned to be attracted through a preferential loan.

After reaching production capacity, 347 thousand tons of paraxylene, 1 million tons of terephthalic acid, and 450 thousand tons of polyethylene terephthalate will be produced annually according to the project.

The implementation of this project will give an impetus to the development of the target area of light industry in the production of synthetic fabrics, widely used in everyday life, in the manufacture of clothing, home textiles. In addition, it will contribute to strengthening Russia’s position in the external market.

The work is being carried out within the framework of the national project for ensuring technological leadership “New Materials and Chemistry.” The cluster investment platform is a tool aimed at providing preferential loans to Russian industrial enterprises for the implementation of investment projects focused on the production of priority products.

At the adopted decision, Mikhail Mishustin reported onGovernment meeting.“We calculate that this will strengthen the base of economic growth by increasing the number of our own high-tech developments with high added value, which will help create new jobs, including at related enterprises,” said the Prime Minister.

Please note; this information is unprocessed content obtained directly from the information source. It represents an accurate report on what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.