KRDV will support the construction of the Vorkuta gas chemical complex

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AK&M 15 October 2026 12:57

At the Eastern Economic Forum, a cooperation agreement was signed within the framework of exploring the possibility of implementing a large investment project "Vorkuta Chemical Complex", which will be built in the Arctic zone of the Russian Federation. The relevant document was signed today in the presence of the Head of the Ministry of Regional Development Alexei Chekunkov.

The main products of the complex will be ammonia and urea with a production capacity of 1.2 million tons and 1.7 million tons per year, respectively. The total investment in the project can reach 200 billion rubles, and the implementation of the project will create up to 2,000 new jobs.

In preparation for the implementation of the project, the financial and economic model is being updated in the technical part, issues on obtaining gas limits are being worked out, and preliminary requirements for land plots have been sent to the Vorkuta administration. Additionally, work is being carried out with the KRDV to select potential tax benefits for the project.

According to the head of the Ministry of Regional Development Alexei Chekunkov, the signing of the agreement on the construction of the Vorkuta gas chemical complex is a significant event for the whole republic: "The implementation of this project will become a catalyst for attracting investment, creating new jobs and introducing advanced technologies in the gas chemical industry. This complex is an important component in the long-term strategy of economic development of the northern territories. We are confident that together we will be able to bring this ambitious project to life, which will bring significant benefits not only to Vorkuta, but also to the entire Arctic."

"The construction of the Vorkuta Gas Chemical Complex is a strategically important project for the Komi Republic and the Russian Arctic, an innovative project in the field of gas chemistry," said the Head of the Komi Republic, Vladimir Uiba. - In accordance with the developed master plan of Vorkuta, its creation will become one of the priorities in the development of the city. The complex will breathe new life into Vorkuta and create conditions for the diversification of the economy of the Republic and the city. At the same time, Vorkuta has a unique geographical location, it is an important transport hub and a potential hub for the development of the Northern Sea Route, since in the future Vorkuta may become an access point to the Kara Sea."

"The construction of the Vorkuta gas chemical complex will be an important stage in the development of the Arctic zone of Russia and will create a powerful industrial base in the region. This is not only significant investments and new jobs, but also a significant contribution to the economic development of the region and the improvement of the living conditions of its residents," said Nikolai Zapryagaev, General Director of the KRDV.

Please note that this press release is based on materials provided by the company. AK&M Information Agency shall not be held liable for its contents, nor for the legal and other consequences of its publication.