04 June 2008 12:27 [Source: ICIS news]
MOSCOW (ICIS news)--Major Russia petrochemicals producer Salavatnefteorgsintez plans to start up production at its new high density polyethylene (HDPE) facility in early 2009, the government of the country's internal republic of Bashkortostan said on Wednesday.
The new 120,000 tonne/year unit was expected to come on stream in the first quarter of next year, it added.
In total, Salavatnefteorgsintez planned to invest (Rb) 100bn ($4.2/€2.7bn) by 2015 in upgrading its existing facilities and on building new units, it said.
In January, the company approved a development programme to raise the company's ethylene capacity from 250,000 tonnes/year up to 380,000 tonnes/year, as well as building the new 120,000 tonne/year HDPE facility.
($1 = €0.65/$1 = Rb23.7)
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