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Russia to finish polypropylene import substitution by 2030 — minister

July 20, 2015, 16:17 UTC+3

After 2030 Russia will start exporting polypropylene, mainly to South-East Asia

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Polypropylene pipes

Polypropylene pipes

© ITAR-TASS/Mikhail Rogozin

OMSK, July 20. /TASS/. Russia will finish import substitution in the field of polypropylene by 2030 and will start to export it, mainly to South-East Asia, Russia’s Energy Minister Alexander Novak said Monday.

"We assume that by 2030, 9 new bulk polymers production units will be launched. Aggregate investments will exceed 2.2 trillion rubles ($38.5 bln). This will allow boosting bulk polymers production volumes by 11.1 mln tonnes, and getting rid of import dependence on them," Novak said.

In particular, by 2030 Russia will face surplus of polypropylene production and will start to export it, to the countries of South-East Asia in the first place, he added.

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