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US Ex-Im Bank has approved a US$14.4mn loan guarantee to support the export by Belleview Engineering & Construction, Fina Technology, and numerous US small business suppliers of a polystyrene plant to Russia.


Nizhnekamskneftekhim (NKNK), a private company located in Tatarstan, Russia, will license Fina’s proprietary technology to build a plant with a capacity of 50,000 tonnes of polystyrene per year.


Belleview, a small business and the main contractor, will provide engineering, procurement and shipping services.


Small business suppliers on the transaction include: Fabsco Shell & Tube; Addison Fabricators; Sepco Industries; Polymer Equipment; General Ventures of Baton Rouge; Petrochemical Services Inc; Liberty Welding & Iron Works; and Mixing and Process Equipment.


Also participating in the export sale are: Viking Pumps; Reliance Electric; Dresser Inc; and Conair Groupo.


Citibank is the guaranteed lender on the transaction.


NKNK uses crude oil and associated petroleum gas as feedstocks to produce rubber and a wide range of chemicals, petrochemicals and other products. The company is building the new plant to meet growing market demand for polystyrene.