Home / Knowledge / News / Textiles / Rosneft to set up ethylene & propylene plants in Russia

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


Must ReadView All

US President Joe Biden. Pic: Shutterstock

Textiles | On 29th Jul 2021

Proposed amendments to raise US content in federal purchases announced

The United States has decided to raise US-made content in government...

Pic: Shutterstock

Apparel/Garments | On 29th Jul 2021

Uninterrupted supply chain crucial for Vietnam amid ongoing COVID wave

Ensuring that the supply chain of Vietnam is not interrupted amid the ...

Pic: Moschino

Fashion | On 29th Jul 2021

Italy’s Aeffe buys remaining 30% stake in Moschino for full ownership

Italian luxury fashion company Aeffe has acquired fashion house...

Interviews View All

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

Textile Industry, Head honchos

Textile Industry
Head honchos

Main challenges are breakdown of supply chain and shrinkage of manpower

Textile Industry, Head honchos

Textile Industry
Head honchos

Money never disappears-it just finds new opportunities

Chendhuran Sundar,

Chendhuran Sundar

It manufactures and retails menswear garments in India under the brand...

Kurt Wedgwood,

Kurt Wedgwood

From design to raw material to fabrication and ultimately to delivery -...

Rajat Kapoor,

Rajat Kapoor

Seraphine is a British maternity brand providing affordable luxury fashion ...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Asif Rahman, MIP

Asif Rahman
MIP

MIP is a manufacturer and distributor of high-performance textiles and...

Daniel Kaye, RocketLife

Daniel Kaye
RocketLife

<div>RocketLife, an award-winning developer of breakthrough visual...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha &amp; Jigar blends India's unique handcrafts...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

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

Leave your Comments


July 2021

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


Advanced Search