06 February 2013 12:11 [Source: ICIS news]
LONDON (ICIS)--Novatek has agreed to supply South Korean petrochemical company Yeochun NCC (YNCC) with up to 300,000 tonnes of light naphtha in 2013, the Russian natural gas producer said on Wednesday.
The material will be produced at Novatek’s new Ust-Luga Gas Condensate Transhipment and Fractionation complex in the Leningrad Oblast region of northwestern Russia. Material produced there will be shipped to South Korea by Novatek, YNCC added.
Currently in development, the Ust-Luga complex will have a gas condensate processing capacity of up to 6m tonnes/year when it comes fully on stream in the fourth quarter of 2015.
Novatek is currently carrying out commissioning tests for the first phase of the plant, which will have an annual capacity of 3m tonnes/year. The facility will produce light and heavy naphtha, diesel, jet fuel and heating oil, the Russian company added.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections