Russia's largest independent crude producer - LUKoil, plans to invest US$3 bln in an ethylene and derivatives plant in South Russia's Stavropol Territory. Feedstock for the project could be sourced from hydrocarbons extracted in the northern part of the Caspian Sea. An MOU to this effect was signed by Stavropol Territory Governor and head of the oil giant's petrochemicals arm LUKoil-Neftekhim.
If kicked off, this project will be the largest production complex in Russia and Eastern Europe, producing 900,000 tpa of polyethylene and 300,000 tpa of polypropylene - amounting to 30% of polymers produced in the country.
31-Jul-08 
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