25 February 2011 15:46 [Source: ICIS news]
PRAGUE (ICIS)--Lukoil Neftochim has no plans to restart its mothballed petrochemical division at ?xml:namespace>
Lukoil Neftochim’s plants, which are located near the Black Sea and include a 150,000 tonne/year ethylene cracker and an 85,000 tonne/year low density polyethylene (LDPE) facility, were closed in 2009 due to poor market conditions caused by the global economic downturn.
Last September, Lukoil said the petrochemical division could be shut for good because “the existing technological scheme of petrochemical production at the Burgas refinery in
However, in November it said that plans were in hand to reopen the PP unit as well as some other units.
Lukoil’s office in
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