Riding on the back of a booming consumer market, demand for polymers is growing in Russia. Russia's biggest oil producer Lukoil plans to build a polypropylene (PP) plant at an investment outlay of US$70 million in the Stavropol region, southern Russia. The plant, to be built in the Stavrolen petrochemicals complex, will have a capacity of 120,000 metric tpa. An agreement has been signed allowing Lukoil to use Dow Chemical's UNIPOL PP processes in production. Production will be aimed at the domestic market.
Lukoil produces 2% of global oil, controls 19% of Russian oil production and 19% of Russian oil refining. It is the 2nd largest oil company worldwide by proven reserves of hydrocarbons and the 6th largest oil company worldwide by production of hydrocarbons
14-Jul-05 
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