Bentonite production development project to be included in the Yenisey Siberia Comprehensive Investment Project

The interdepartmental working group session on the implementation of the Yenisey Siberia Comprehensive Investment Project has been held in the Republic of Khakassia. In the setting of the coronavirus infection spread, it was decided to conduct it in absentia. The meeting was attended by Valentin Konovalov, Head of the Republic of Khakassia Government, Sergei Ladyzhenko, General Director of Yenisey Siberia Development Corporation, members of the Republic Government and representatives of the investing companies. 

Concerning the investment project called Production Expansion and Reconstruction to Increase the Bentonite Clay Powders and Granules Outputs, it is the implementation on the territory of the Republic of Khakassia that was discussed as the key topic. The project provides for the manufacturing capacity modernization, targeted at the increase in product output that is in demand with the oil and gas, nuclear, metallurgical and foundry industries, as well as the manufacturing of products that are higher in the value chain and conversion process.

Having its own raw material base that boasts 13 million tonnes of resources, Bentonit Khakassia Company, the project investor, is working on expanding mineral reserves and developing new deposits. Based on the results of the meeting, it was decided to send project documentation for consideration by the federal government authorities in order to obtain available subsidies. Yenisey Siberia Development Corporation is going to prepare the papers and cooperate with the federal departments.

According to Sergei Ladyzhenko, General Director of the Corporation, this project is quite promising in terms of social and economic development of the republic. “Today, the first portfolio of the Yenisey Siberia Comprehensive Investment Project has been approved by the executive order of the Government of Russia. The portfolio comprises 32 investment projects that can claim financial and organizational support from the federal government. We see the interest in this mechanism, shown by the investors, and will contribute to the expansion of the CIP portfolio towards including new investment projects with the great potential for the development of territories,” Sergei Ladyzhenko mentioned.