Aerosolex has been provided full project construction financing for their dimethyl ether production plant with capacity of 10,000 tons per year

Main/ News/ Aerosolex has been provided full project construction financing for their dimethyl ether production plant with capacity of 10,000 tons per year

Sberbank JSC with the guaranteed financing of the SME Corporation has opened a line of credit for AEROSOLEX LLC for a period of 7 years. The loan amount will be used for the construction of a “High purity dimethyl ether (DME) production plant with a capacity of 10,000 tons per year”. The new plant will be located in the Eastern industrial area of Dzerzhinsk town in Nizhny Novgorod region.

The loan is provided at a rate of 10,6 % under the incentive program of lending activities for small and medium-sized business entities and the program of guaranteed financing for the entities of SME which is implemented jointly by the SME Corporation and the Bank of Russia. Another partner to this lending structure is the Agency of the guaranteed financing system development, and a Microfinance organization for small and medium-sized business entities of Nizhny Novgorod region is acting as guarantor of the loan.

“Once again I would like to emphasize the professional skills of our colleagues from the SME Corporation and Sberbank JSC. Due to this successful cooperation we have managed to sign the agreements which guarantee the full financing of the project. To date we have a positive review on the design documentation from Glavgosexpertiza and a permission for the project construction, so we have moved the project to actual construction” – the General Director of Aerosolex LLC Azat Gafarov has said.

“The SME Corporation provides the financing support to small and medium-sized business entities, which implement the projects in the priority economic sectors. Thus in 2017 the volume of the guaranteed financing provided under the program of National System of Guarantees has already exceeded 90 billion rubles and that allowed the SME entities to raise more than 160 billion of loan funds” — the Deputy General Director of the SME Corporation Maxim Lubomudrov emphasized.

The construction project for the high purity dimethyl ether (DME) production plant has already received a positive review on the design documentation and the results of engineering surveys from FAO » Glavgosexpertiza of Russia» No. 693-17 / GGE11147/02 dated June 27, 2017 and the authorization for the construction.

For more information:

Tatiana Limonova
PR-manager of Aerosolex
mob. +7 926 523 5774
e-mail: pr@aerosolex.com