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As Section of the agreement, Lummus Technological know-how will license its proprietary systems and provide fundamental engineering for four new vegetation—which include what is going to be Russia’s initial ethylene dimerization and olefins conversion models—directed at enabling NKNK to increase both equally the selection and quantity of raw components utilized to provide rubber and plastic goods, the service provider explained.
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Alongside ongoing expansion and modernization operates with the elaborate, NKNK is also progressing with its Beforehand announced grassroots olefins and derivatives complicated at present beneath development at Nizhnekamsk (OGJ Online, June two, 2017).
Regardless of an First $30 billion lifeline from 11 Wall Road financial institutions in March, the attempts proved futile, partially because customers balked for the prospect of having to realize substantial losses on its mortgage reserve.
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