The investment project of Techservis LLC was approved at a regular meeting of the committee of the Ministry for the Development of the Russian Far East to consider applications on conclusion of agreements on the implementation of investment activities in the Arctic zone of the Russian Federation.

Techservis LLC plans to implement an investment project that helps to reduce the negative impact on the environment in the Municipality of the City of Novodvinsk, which is one of the territories of the Arctic zone of the Russian Federation. The Arkhangelsk PPM is a contributor of the project initiative and a site for its implementation. As part of the project, it is planned to install new equipment with the introduction of the technology for extracting turpentine from auxiliary condensates generated during the processes of Pulp Production Line.

The final market product will be supplied to Russian and foreign chemical enterprises.

The planned amount of investments is 42 million rubles.

The applications for the conclusion of the agreements on the implementation of the investment activities in the Arctic zone of the Russian Federation were prepared with the assistance of the Regional Development Agency; it is a management company with the authority to support projects involved in the selection of applications for the resident status obtaining.