New Russia petchem facility to be built at Tomsk for up to $900m

06 July 2010 09:49  [Source: ICIS news]

MOSCOW (ICIS news)--A new Russian refinery and petrochemical plant is to be built at Tomsk in Western Siberia, regional authorities said in a statement on Tuesday.

The new facility would be built near the existing Tomskneftekhim petrochemical plant at a cost of $850-900m (€680-720m), with construction expected to start in late 2011, they said.

The new plant would process 1.5m tonnes/year of crude oil and supply naphtha to Tomskneftekhim, according to the statement.

In 2008 Tomskneftekhim, which is controlled by Sibur, raised its LDPE production capacity from 170,000 tonnes/year to 230,000 tonnes/year.

Last year, Tomskneftekhim’s LDPE production reached 242,000 tonnes, up 7.6% year-on-year, and PP output amounted to 116,000 tonnes, representing a 3% increase. The company also produced 250,000 tonnes of C2 and 119,000 tonnes of C3.

($1 = €0.80, €1 = £0.83)

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By: Sergei Blagov
+44 20 8652 3214

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