07 February 2012 13:52 [Source: ICIS news]
MOSCOW (ICIS)--Lukoil’s Stavrolen polypropylene (PP) unit is set to restart at full capacity by the end of February, after a December 2011 fire at the petrochemical plant, the Russian oil major told ICIS on Tuesday.
Lukoil estimated the damage from the 15 December fire at Russian roubles (Rb) 812m ($26.9m, €20.6m). In March, the PP unit of Stavrolen should start receiving propylene supplies from other companies, according to Lukoil.
Based in Budyonnovsk, Russia’s southern Stavropol region, the Stavrolen plant has capacity to produce 300,000 tonnes/year of HDPE and 120,000 tonnes/year of PP.
After an April 2008 explosion at the plant, it took the company more than a year to fully restart the Stavrolen PP unit, in May 2009.
($1 = Rb30.1, €1 = Rb39.5)
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