The Russian Corporation of Nanotechnologies (Rusnano) has announced its participation in three new investment projects with a total budget of more than Ruble 7 billion (about $222.7 million), of which Ruble 3 billion (about $95.4 million) will be invested by Rusnano.
In particular, Rusnano and the Russian pipe producer TMK Group (TMK) are to establish production of precision stainless steel pipes at the facilities of TMK subsidiary Sinarsky Pipe Plant (SinTZ). The main consumers of these products are the nuclear, chemical, and oil and gas industries, as well as the energy and machine building industries. A month ago, TMK said that it and Rusnano are expected to invest $40 million each in the creation of the joint venture.
Accordingly, the improvement of stainless steel pipe characteristics, in particular of pipe durability and resistance to aggressive environments, will be achieved through modifications at the nanolevel structure of steel and alloys used in pipe production. In addition, the use of nanotechnology reduces production costs due to the decrease in alloy additions.
The two other projects proposed to Rusnano involve the production of ultra-high-strength nanostructured wires with high electrical conductivity and the production of new generation plastic electronic displays.