The oldest in Russia’s Yaroslavl refinery. Mendeleev submitted the claim about bankruptcy

MOSCOW, 5 February. Russia’s oldest oil refinery. Mendeleev (Yaroslavl) filed a lawsuit in the arbitration court of Yaroslavl region on bankruptcy. It follows from the materials published on the court’s website.

The application was registered by 3 February 2016.

In late January, the authorities of the Yaroslavl region and the oil refinery have signed a road map on ways to save plant stopped due to lack of raw materials.

The plant stopped operations in November 2015, in January sent some workers on furlough. Credit Bank of Moscow has addressed in Arbitration court with the statement for recognition of the company bankrupt in respect of arrears on a loan of 1.4 billion. The court refused to accept the application.

About the plant

Refinery. Mendeleev was founded in 1879, for the last three years completely modernized. As previously reported, Russian and foreign investors are planned in the near future to invest in the modernization of the refinery of approximately $2 billion Among them was the name of the company Ноneywell UOP, United Engineering Group, as well as northwestern manufacturing company.

By 2019 the plant was planned to build a complex for deep refining of new generation with capacity to 3 million tons per year.

According to refinery, refining earlier was 800 thousand tonnes, raw-material storage tank is 33 thousand tons of finished products – 45 thousand tons. The company employed almost 500 people.