Russian Lukoil to build 600,000 tpa PP plant
Russian oil and gas giant Lukoil Group has revealed long-term plans to construct a major $5bn petrochemicals complex, including polyolefin resin production in Russia’s Stavropol region. The project, scheduled to be launched later this year, is designed to include a 600,000 tpa polypropylene production unit as well as a gas processing plant and a power generation unit providing electricity for the complex.
Lukoil is intending to site the PP plant, which is not expected to go on stream until 2014, in the regional city of Budyennovsk, where its Stavrolen petrochemicals offshoot restarted an existing PP unit, closed last year after an industrial accident. It is unclear exactly where the related gas processing plant will be located, according to the Russian investment news service Marchmont Capital. The Stavrolen PP plant, with a 120,000 ton per year production capacity, was shut down after three workers were killed and others injured following a fire and explosion in a propylene polymerisation unit in April 2008. Since then, the whole plant has been fully overhauled and upgraded.
Source: www.prw.com, Contact: www.lukoil.com.