News

14.07.2015

Renaissance Sets Foot in the North Pole

Signatures were put for the Liquefied Natural Gas (LNG) Plant Project, which has been undertaken by the Renaissance Industrial Plants of Renaissance Holding in Sabetta town of Yamal Peninsula in the Russian polar zone.

Maintaining its steady growth trend, Renaissance Industrial Plants’ contract sum has climbed up to 1 billion US dollars in 2015 and its turnover to 500 million US dollars as from the first half of 2015.

Renaissance Holding is getting ready for carrying its achievements throughout the world to the Northern Pole. Renaissance Industrial Plants, one of the group of companies of Renaissance Holding, will undertake the CWP3B part of the Liquefied Natural Gas (LNG) Plant to be constructed in the North Pole. The letter of intent has been signed for the project. The LNG Plant Project, scheduled to be constructed in Sabetta town of Yamal Peninsula in Russia, is set to become the first liquefied natural gas project of Renaissance Industry.

Yamal LNG Plant to be constructed by Renaissance Industrial Plants in Sabetta town of Yamal Peninsula, which is strategically important in terms of increasing the gas production of Russia, will become the first project to be implemented by Renaissance Industry in the North Pole. The plant, which is scheduled to be completed in nearly 24 months in the region where the temperature decreases to -50C°, will have an annual capacity of 5.5 million tons. The project will be constructed along with South Tambey LNG (Technip and JGC - Chiyoda JV) and implemented with a joint venture called REGA to be established by Renaissance Industry with GAMA.

BACKLOG CLIMBS TO 2.45 BILLION US DOLLARS

Established in April 2011, Renaissance Industrial Plants, a subsidiary of Renaissance Holding, is maintaining its steady growth trend and also getting ready for setting foot in the North Pole. Renaissance Industrial Plants has increased its turnover of 2014 by 50 percent to 348 million US dollars, compared to previous year, and raised its turnover to 500 million US dollars as from the first half of 2015. Operating in such fields as oil, gas, metallurgy, mining and construction of operating plants, Renaissance Industrial Plants’ business volume totaled 981 million US dollars until May 2015 and the amount of its backlog climbed to 2.45 billion US dollars. Renaissance Industrial Plants’ contract sum totaled 1 billion US dollars in 2015. Aiming at becoming one of the leading engineering, procurement and construction (EPC) companies of the world, Renaissance Industrial Plants invests primarily in research and development activities and human resources towards this end. Renaissance Industrial Plants currently provides employment opportunities for 10.500 people.

A POPULAR FIGURE FOR HUGE PROJECTS

Renaissance Industrial Plants mostly operates in the Russian Federation and Turkmenistan and successfully takes place in international projects. It is determined to become an ambitious player in the world league to construct oil, natural gas and petrochemical plants. Having worked with giant companies including Gazprom, Sibur, Lukoil, Turkmenhimiya, Phosagro and RusVinyl until now, Renaissance Industrial Plants cooperates in international industrial projects with such companies as Linde, Kawasaki Industrial Plants, Mitsubishi Industrial Plants, ThyssenKrupp Uhde, TecnicasReunidas, Mitsui Engineering and Shipbuilding.

RENAISSANCE PUTS ITS SIGNATURE IN TURKMENISTAN

Renaissance has a great many ongoing projects in Russia, Turkmenistan and Turkey. It has also undertaken the construction of the world’s largest plant aimed at producing gasoline out of natural gas in Turkmenistan along with Kawasaki Heavy Industries Ltd. When the environmentally-sensitive plant is completed, it will produce 1.800 tons of gasoline per day. The giant project’s total size will amount to approximately 1.5 billion US dollars. The groundbreaking ceremony was held with the participation of Gurbanguly Berdimuhamedow, President of Turkmenistan, and Turkmen ministers on August 24, 2014 for the Gas to Gasoline (GTG) project, namely, the first project with such a size throughout the world.

Renaissance Industrial Plants has written a great success story in a short period of time and taken part in the Mary Fertilizer Factory Project in Turkmenistan, which is the largest operating industrial plant of Turkmenistan and constructed by Renaissance Turkmen Construction Inc., a subsidiary of Renaissance Holding. It is planned to produce 400,000 tons of ammonia and 640,000 tons of urea annually at the Ammonia and Urea Production Factory, which has been constructed for 1 billion US dollars in the city of Mary by the Turkmenistan’s State-owned Chemical Company and opened in October 17, 2014.

Ranking the 53rd in the “World’s Largest International Contractors” which also covers the Renaissance Industrial Plants, the Renaissance Holding has been operating in Turkmenistan’s construction sector for the last five years. It has participated in strategically important construction projects and industrial projects. Among these projects are the sulphuric acid production factory in the city of Turkmenabat, the International Oil and Gas University in Ashgabat and also administrative buildings of Ministries of Railways, Transportation and Highways.