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Russian firm to increase ethylene, propylene production capacities
12
Oct '11
A leading Russian petrochemical firm is expanding its existing ethylene and propylene production capacities, in addition to setting up an Industrial processing park.

As a long term strategy, Russian firm Gazprom Neftekhim Salavat intends to spend over 30 billion rubles or €714 million to fund expansion of its petrochemical capacities through 2020, Deputy Director General of Development, Alex Zadorin said.

The projects proposed by the firm include expanding its ethylene and propylene producing plant and to raise its production capacity to 380,000 tons.

Besides, the firm also proposes to invest 140 billion rubles or €3.3 billion for setting up Centre of the Gas Chemistry, a gas chemistry centre, over next few years. Work in respect of the new centre, which is projected to have a new pyrolysis unit is likely to conclude by 2017-18, while the payback time for the project is estimated to be nine years.

Gazprom also plans to set up an Industrial processing park in the long-run.

Fibre2fashion News Desk - India

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