Russia's Lukoil eyes Stavrolen C2, C3, HDPE restart in July

28 March 2012 16:28  [Source: ICIS news]

MOSCOW (ICIS)--The restart of Stavrolen's main production facilities at its petrochemical plant in Budyennovsk, Russia, will be delayed, its parent company Lukoil said on Wednesday.

Following a fire on 15 December 2011, oil major Lukoil had previously pledged to restart its propylene, ethylene and high-density polyethylene (HDPE) facilities by 1 April, however, the units are now not expected to restart until July.

According to the company, the new equipment it purchased to restart the units are due to be supplied by Russian and foreign manufacturers between April and July.

Based in Russia's southern Stavropol region, the plant has the capacity to produce 150,000 tonnes/year of propylene, 120,000 tonnes/year of polypropylene (PP), 350,000 tonnes/year of ethylene, and 300,000 tonnes/year of HDPE.

Stavrolen’s PP unit, which was indirectly affected by the consequent disruption to the plant's propylene supply, was restarted on 11 March.

Lukoil estimated damages caused by the fire on 15 December 2011 at about €20m ($27m).

($1 = €0.75)

By: Sergei Blagov
+44 20 8652 3214

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