24 March 2013 23:22 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS)--Cheap hydroelectric power in Siberia has the potential to compete with North American shale gas as a power source for the Russian petrochemical industry, a source said on Sunday.
The source, who works with a major producer of alumina, said renewable hydroelectric power also has the advantage of being more environmentally friendly than natural gas, a fossil fuel.
The source was speaking on the sidelines of the International Petrochemical Conference, hosted by the American Fuel & Petroleum Manufacturers association.
The conference runs through Tuesday.
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