(recast, clarifying the official company line on the plant start-up date)
LONDON (ICIS)--The launch of RusVinyl’s 330,000 tonnes/year polyvinyl chloride (PVC) plant in Kstovo, in the western Russian region of Nizhny Novgorod, is set to take place in September, three months ahead of schedule, a source at Russian petrochemical producer SIBUR said.
The plant will produce 300,000 tonnes of PVC-suspension and 30,000 tonnes of PVC-emulsion. The official line from the company has always been that the start up of the plant would happen by the end of 2014. An official at Sibur was unavailable at the time of writing to confirm the September start-up date.
The construction phase of the installation is more than 95% complete, the source said. The RusVinyl production complex investment is being delivered at a cost of Russian roubles (RUB) 50bn (€1.02bn) by a joint venture between SIBUR and Belgium-based SolVin. Each company holds 50% of the venture’s equity.
SolVin is also building a 225,000 tonne/year caustic soda plant at RusVinyl, which the SIBUR source said is equally completed at 95%.
The investments have been officially listed by Russian Ministry of Industry and Trade as a regional priority in the development strategy to 2015 of the Russian chemical and petrochemical industry.
RusVinyl is slated to become Russia's biggest integrated producer of PVC.
Construction of the production complex began in mid-2010.
(€1 = RUB48.79)