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Energy Ministry works out 2nd stage of gas/petrochemistry development plan

November 02, 2011, 19:44 UTC+3
The commissioning of new modern capacities, Russia’s share in global production of monomers will more than double from 2.4 percent to 5.6 percent
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MOSCOW, November 2 (Itar-Tass) —— The Energy Ministry has worked out and submitted to the government the second part of the plan for the development of the gas and petrochemical industries in Russia until 2030.

“Then implementation of this document will make the use of light hydrocarbons in Russia most effectively. The plan calls envisions an increase in internal demand for petrochemical products, better competitiveness of the domestic gas and petrochemical industries, and effective use of the growing volumes of hydrocarbons”.

The commissioning of new modern capacities, Russia’s share in global production of monomers will more than double from 2.4 percent to 5.6 percent.

In absolute figures, combined production of ethylene in Russia can increase from 2.4 million tonnes in 2010 to 14.2 million tonnes by 2030.

The export of polymers will also grow considerably to around 5 million tonnes a year by 2030.

Deputy Energy Minister Sergei Kudryashov said the Russian petrochemical industry would be able to make a leap ahead by 2030 if all of the declared plans are implemented.

More than half of all light hydrocarbons produced n Russia will go into advanced processing.

The implementation of the proposed plan will generate 895 billion roubles worth of GDP annually and more than 69 billion roubles worth of tax revenues, and create 80,000 new jobs.

 

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