SITTEC (Moscow, Russia) is a part of IFD Kapital Group that is one of the largest diversified holdings in Russia.
On 4 September 2013 SITTEC celebrated its first round anniversary – 5 years. This short period saw the company achieve strong results and cross the bridge from idea to implementation. No wonder that a company so promising for the industry and the Komi Republic aroused genuine interest in the 5th Northern Investment Forum participants.
Prior to the opening of the Forum, SITTEC’s enrichment factory in the Ukhta region was visited by Valery Pak, Deputy Minister of Natural Resources and Environment of the Russian Federation/ the Head of Rosnedra, and Vyacheslav Gaizer, the President of the Komi Republic. The visitors were shown the technology of enriching oil and titanium ore, and obtaining titanium concentrate, and were acquainted with the history of building up the industrial production of titanium coagulant for water purification.
The Head of Rosnedra noted that he had not expected that the region would house a production of such a completely new character. “In future it will allow solving water treatment issues in Russian problem regions and expanding the application of the technology to the rest of the world, where water problems are most acute. I believe, your scientists have created a very interesting technology, which has a great future,” stressed the Head of the Federal Agency.
After the visit to the enrichment factory a meeting was held in SITTEC’s enrichment factory. It was presided over by Valery Pak, Vyacheslav Gaizer, and Ravil Maganov, Senior Executive Vice-President of OJSC LUKOIL, and was devoted to the present state and further development of Yarega oil and titanium resource. The meeting was also attended by the heads of the relevant ministries of the Komi Republic, as well as by the management of LUKOIL-Komi LLC, which is the principal subsurface user, and of SITTEC Ltd carrying out ore enrichment works at the factory.
Next day, 19 September saw the opening of the 5th Northern Investment Forum in Syktyvkar. SITTEC took active part in the exhibition and discussions on “The Development of Mineral Resources in the Russian European North.”
At the conference held under the theme “The Development of Ore Mining Complex in the European North” Elena Dmitrieva, Director-General of CJSC SITTEC, made a report titled “Titanium coagulant – highly effective chemical for water purification.” The report on titanium coagulant, a unique innovative chemical, was accepted with great interest. SITTEC’s report paid special attention to the issues of health, safety and environment, which are given top priority in the implementation of the company’s project of building up titanium coagulant production. “We shall meet all the current standards for the relevant fields. At the very beginning of the project development we accepted safety standards which surpass government standards,” stressed Elena Dmitrieva.
The Forum visitors and participants visited SITTEC’s exhibition stand, where they could see a screen presentation of the process of ore development and enrichment and of titanium coagulant production. The great interest towards SITTEC’s project may bring success in promoting and selling titanium coagulant on Russian and foreign markets.
SITTEC Ltd., which is part of IFD Kapital Group, is realizing the project of building up titanium coagulant production on the basis of Yarega oil and titanium resource (the Komi Republic). Titanium coagulant is an innovative highly effective chemical for drinking water production, and industrial and municipal waste water treatment. The superior removal capacity of titanium coagulant is accounted for by the high adsorption capacity of titanium containing phases in the product, which has significant technical and economic advantages over other coagulants.
In 2014 the production is supposed to attain the projected capacity with over 35 000 tonnes of oil and titanium ore processed and over 25 000 tonnes of titanium coagulant produced per year. The new production will create 320 jobs, with the majority of employees chosen among local workers and specialists.
The production project is being carried out with the support of the Komi government. On 21 February 2013 Vyacheslav Gaizer, the President of the Komi Republic, made a statement to the State Council stressing the essential role SITTEC plays in the social and economic life of the Republic.