Rosneft Group to proceed with mega JV petrochemicals and refining project in Russia’s Far East

21-Aug-15

Russian oil giant Rosneft Group is pressing ahead with a huge joint venture petrochemicals and refining project in Russia’s Far East despite current political tension and the West’s economic sanctions against Russia over Ukraine, as per Plastics News The US$37 billion complex planned for Nakhodka at the southeastern tip of Russia on the Sea of Japan, will have the world’s biggest steam cracker by volume, according to the company. The project will produce up to 1.4 mln metric tpa ethylene, 600,000 tpa of propylene and around 200,000 tpa of butadiene in its first two phases. This three-stage project, originally conceived in 2010, has seen the first phase, involving the installation of refining facilities with a throughput of 12 mln metric tpa, delayed. It will now start up in 2020. Phase II involves the construction of a petrochemicals plant with scheduled capacity of 3.4 mln tpa. A third phase, due for completion by 2028, will boost the Nakhodka complex refining output by a further 12 metric tons and double its petrochemical capacity