Home / Knowledge / News / Textiles / LUKoil to set up largest ethylene production complex
LUKoil to set up largest ethylene production complex
05
Aug '08
The biggest independent crude producer in Russia, LUKoil, has plans to invest US $2.96 billion for the construction of an ethylene plant in Stavropol territory, south of the country.

Official sources from the company informed Fibre2fashion that the project may start construction by 2009 and will produce 600,000 tons of ethylene. This ethyelene will be used to further produce 200,000 tons of high-pressure polyethylene, 300,000 tons of low-pressure polyethylene and 100,000 tons of glycol. Besides, it will also manufacture 136,000 tons of polypropylene and some other chemicals.

An agreement in this regard was reached on July 29 between Mr Valery Gayevsky, Stavropol Territory Governor and Mr Alexei Smirnov, head of petrochemicals arm of LUKoil-Neftekhim.

Construction of the plant would take anywhere between four and five years, generating employment for about 1,500 people. Besides, on completion, the project would give way to the largest production complex in Russia and Eastern Europe accounting for 30 percent of the polymers produced in the country.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Larry L Kinn
Suominen Corporation

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search