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Manturov: Russia can get a quarter of the global neon market by 2023

Date: August 13, 2022 3:57 pm

Russia will be able to reach the production of up to 10 percent of the world’s needs for high-purity neon by the end of the year and up to a quarter in 2023. This was announced on Monday, July 25, by the Deputy Prime Minister of the Russian Federation, head of the Ministry of Industry and Commerce, Denis Manturov.

— At the Baumanka site, we plan to initially produce around 70,000 cubic meters of neon per year, which corresponds to around 10 percent of the global market. And next year we will increase production to 180,000 cubic meters, and we will be able to cover almost a quarter of the world’s needs, ”he said.

According to Manturov, already today Russia produces more than 30 percent of the world’s mix of neon and helium. He also pointed out that neon is of vital importance to the world’s microelectronic factories that produce microchips, reports RIA Novosti.

Before this, Manturov said that the country has enough resources to counter the sanctions. He also noted that Russia is preparing a list of industries that the government will impose retaliatory sanctions on.

The State Duma approved the candidacy of the head of the Ministry of Industry and Trade Denis Manturov for the post of Deputy Prime Minister of Russia. Political scientist Sergei Markelov and the director of the Institute for the Development of the Contemporary State, Dmitry Solonnikov, told Evening Moscow about what Manturov will do in his new post.



Source: vm.ru

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