On the 1st of February 2012 the protocol of the meeting on the placement of the chemical plant in Temryuk District (Taman Peninsula) was published. According to the protocol, the administration of the region approved the construction of the methanol plant - the largest in Russia. The project is financed by the foreign companies "Universal Business Corporation" and the oil company "ADNOC", both from the United Arab Emirates. The project's contractor is a Russian company, "Sintes-Jug" (ООО Синтез-Юг). The planned capacity is 10 million tons of methanol per year. Because of the high energy demand, a construction of a gas pipeline was also planned.
On the May 18, 2012 the NGO “Vosrozhdenie Tamani” (Revival of Taman region) sent a request to the organization “Public Environmental Council” by the Governor of Krasnodar Region with a request to check the legitimacy of the project because of the large potential environmental burden.
Shortly thereafter residents of the Taman Peninsula started collecting signatures on a petition against the construction of the plant. A protest against the project took place in the settlement Temrjuk on the 5th of June 2012. About three thousand citizens were participating in the protest.
On the 27th of June 2012 the “Public Environmental Council” published the "Official decision" in which it asked the regional administration to take all necessary measures to stop the project due to the "critical environmental and social situation".
On the 17th of September the contractor company "Sintes-Jug" announced that it cancels the project because of the high pressure of the active social protest movement on the company and the investors.