Russia to increase gas chemical, petrochemical output by 2030

22 March 2012 15:29  [Source: ICIS news]

MOSCOW (ICIS)--The Russian Energy Ministry has pledged to increase the country’s gas chemical and petrochemical production up to 2030, including a rise in ethylene (C2) output by almost a factor of six to 14.2m tonnes/year, according to a statement on Thursday.

The ministry has approved the blueprint, “A plan to develop Russian gas chemical and petrochemical industries till 2030”, and submitted it to the government, the statement said.

The plan was drafted in accordance with programmes aimed at developing the country’s gas industry to 2030 and its oil sector to 2020.

The blueprint envisages raising Russia’s C2 capacity to 14.2m tonnes/year by 2030, from 2.4m tonnes/year in 2010, the statement said. Using this model, Russian monomer capacities would then account for 5.6% of the world’s total by 2030, up from 1.6% in 2010, the ministry estimated.

The plan prioritises the development of gas chemical and petrochemical hubs in the country’s Siberian, Caspian, far eastern and other regions, and would create around 80,000 new jobs, it said.

The previous blueprint to develop Russian chemical and petrochemical industries to 2015 was drafted by the ministry back in 2006. It envisaged raising Russia’s production of: polyethylene (PE) up to 1.9m tonnes/year; polypropylene (PP) to 690,000 tonnes year; polystyrene (PS) to 530,000 tonnes/year; and polyvinyl chloride (PVC) to 900,000 tonnes/year by 2015.

The ministry estimated that the implementation of the earlier blueprint would have required about $164bn (€125bn). However, these earlier plans have been slow to materialise.

($1 = €0.76)

By: Sergei Blagov
+44 20 8652 3214

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