Home / Knowledge / News / Textiles / Russian Bashneft signs JV for ethylene production
Russian Bashneft signs JV for ethylene production
Sep '11
Bashneft, a leading Russian oil producing company has signed a joint venture (JV) agreement with Petrochemical Holding GmbH, an Austria-based company, for production of ethylene and other petrochemicals.

Yakov Goldovsky, who heads the Austrian company, had earlier been the head of another leading Russian petrochemical company Sibur.

The new company to be established under the JV will be called United Petrochemical Company. While a majority stake of 75 percent in the company will be owned by Bashneft, the other 25 percent stake will be with the Austrian firm.

The new venture is expected to have an annual production capacity of 300,000 tons of ethylene, besides other petrochemicals. For the purpose, new capacities will be set up in Ufa and Nizhny Novgorod, besides expansion of Bashneft's current facilities in Dzerzhinsk city, Russia's main petrochemical production centre.

The project would also involve processing of all petrochemical raw materials produced at Bashneft's refineries, which is currently estimated to be around 25 million tons each year.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Oct 2016

Indian govt plans roadshows to promote textile exports

The Indian government has planned to conduct roadshows to boost the...

Textiles | On 24th Oct 2016

TPP may hit roadblock

The 12-member Trans-Pacific Partnership (TPP) that was signed earlier ...

Textiles | On 24th Oct 2016

Baba Ramdev’s Patanjali to enter textile manufacturing

Patanjali Ayurved, an enterprise initiated by yoga guru Baba Ramdev,...

Interviews View All

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search