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Chemical Process Industry News
News Release from: RCCnews
Edited by the Processingtalk Editorial
Team on 31 January 2005
Lukoil resumes the construction of PP
plant
Lukoil has resumed the construction of the polypropylene plant at the site of the Stavrolene petrochemical complex (a part of JSC Lukoil-Neftehim) in the town of Budennovsk, Russia
Lukoil has resumed the construction of the polypropylene plant at the site of the Stavrolene petrochemical complex (a part of JSC Lukoil-Neftehim) in the town of Budennovsk, Stavropol region The construction of a polypropylene plant started in 1986
This article was originally published on Processingtalk on 30 Nov 2004 at 8.00am (UK)
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In 1992, in order to finish the construction of the plant and start its operations the JSC Stavropolpolymerproduct company was established.
However, the works were suspended in 1995, because of cutting the state financing the project.
In order to finish the project, Lukoil-Neftehim acquired 87.42% of the JSC Stavropolpolymerproduct shares from Moscow Industrial and Trade Center of Integration and Development, a state-owned unitary enterprise.
The plant will use the Unipol process from Dow Chemicals.
Compared to other processes, it is particularly environment-friendly with no polluting exhausts to the atmosphere.
It provides the production of the high impact and frost-resistant polypropylene and its various modifications for medicine and agriculture.
The general-purpose polypropylene will be supplied to the Russian processors for the production of fibers and threads, pipes, technical articles and household commodities.
Stavrolen Ltd produces the main raw material, propylene.
It will be supplied to the plant via a pipeline.
The Lukoil web site advises that the polypropylene plant of a projected capacity of 80 thousand tpa is to be launched in 2006.
This will be the first such plant in the petrochemical complex of the company.
Today, four such plants with a combined capacity of 285 thousand t/year operate in Russia.
The total investment into the project will amount to more than USD 70m (including 32m cost of 87.42% of JSC Stavropolpolymerproduct shares).
The payback term of the project will not exceed 6 years.
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