On the site of "Nizhnekamskneftek?him" in Tatarstan, two plants for the production of ethylene with an annual capacity of 600 thousand tons will be built, the CEO of JSC TAIF, Albert Shigabutdinov, reported at a press conference today. According to him, this project by Nizhnekamskneftekhim will be realized in two stages. Construction of the first stage will cost $4 billion. The amount of investment in the implementation of the second stage will total $5 billion. Construction will be complete by 2020. The question of financing of the project has been settled.