19 January 2012 17:11 [Source: ICIS news]
LONDON (ICIS)--SANORS’ output of chemical products in 2011 overtook levels reported a year before, the Russia-based group of companies said on Thursday.
The group’s production of liquefied petroleum gas (LPG) in 2011 grew 6% year on year, to 143,300 tonnes, while it produced 41,900 tonnes of isopentane and pentane-hexane fraction, an increase of 56% compared with 2010.
Its synthetic ethanol production grew by 25% year on year in 2011, up to 66,900 tonnes, while SANORS’ output of other small-volume petrochemicals and products of organic synthesis increased by about 6% to 91,500 tonnes.
The group also reported that its 2011 net revenue reached Russian roubles (Rb) 11.5bn ($366m, €285m), up 82% compared with 2010, on the back of an increase in its selling prices, favourable currency exchange rates and larger sales and production volumes.
The increase in production was a result of a major reconstruction programme in 2011 for its phenol, acetone and ethanol plants, SANORS added.
SANORS is one of the largest producers of LPG, phenol/acetone, synthetic ethanol, fine chemicals and organic synthesis products in Russia and eastern Europe, it said.
Located in Novokuibyshevsk, in the Samara region, the company was formed on 29 April 2011, after consolidating the producers Novokuibyshevsk Petrochemical Company, Neftechimia and Samaraorgsintez.
($1 = Rb31.46, €1 = Rb40.40)
Read Paul Hodges’ Chemicals and the Economy blog
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections