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Rosneft to set up ethylene & propylene plants in Russia
27
Jan '12
Russian oil major Rosneft intends to spend € 3.5 to 5 billion for setting up a big petrochemical complex, including setting up of ethylene and propylene plants, near the Russian city of Nakhodka.

The state-owned firm informed that construction of the new complex would commence during second part of the current year, while the complex would formally commence its operations from 2017.

The new complex would house five major processing facilities, which includes an ethylene plant with a capacity of 1.4 million tons, and a propylene plant with a capacity of 600,000 tons per annum. This is likely to be the most powerful oil-based cracking unit of the world.

At the conclusion of the first phase, the new facility would have a capacity to produce 3.4 millions tons per annum of various polymers (PP and PE), olefins, benzene and other petrochemical products.

The firm proposes to facilitate its production processes with most modern technologies, which would help it reduce its water and energy consumption and also its by-product production.

Besides the production facilities, the firm also intends to construct a specialized marine terminal to facilitate exports of plant's output in future. Products of the new complex are likely to be majorly shipped to the Far East and Southeast Asian countries, mainly China.

Rosneft is expected to execute the project on its own, without involving any overseas partners, as it initially proposed to do.

Fibre2fashion News Desk - India


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