Rosneft to invest in construction of petrochemical complex

Jan 19, 2012 12:00 AM

The Russian state-owned oil firm Rosneft plans to invest up to EUR 3.5-EUR 5 bn in the construction of a giant petrochemical complex, close the Russian city of Nakhodka.
Edward Hudaynatov, head of Rosneft, says construction work should start during the second half of 2012, while the official launch is scheduled for 2017.

The new plant will focus on the production of polymers (PE and PP), as well as benzene, olefins and other petrochemical products. The capacity of the first stage will amount to 3.4 mm tpy.
The complex will be comprised of five major processing facilities, including a pyrolysis plant with capacity of 1.4 mm tons of ethylene and 600,000 tons of propylene per year. This is expected to be the world’s most powerful oil-based cracking unit. The pyrolysis complex will also produce vinylethylene with capacity of 190,000 tpy.

The company says it will use state-of-art technologies in its production processes, which will provide an opportunity to minimise the production of by-products, as well as reduce energy and water consumption.
In addition to the production facilities, Rosneft also plans to build a specialised marine terminal for the exports of future production of the plant. The Far East and southeast Asia, in particularly China, are expected to be the major export markets for the new complex.

The project is expected to be implemented by Rosneft independently, without the attraction of foreign partners, as previously planned.

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