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Gazprom, Caspian Innovation Company to build new petchem plant

by ChemOrbis Editorial Team -
  • 06/06/2017 (15:31)
According to a release on Gazprom’s website, Gazprom and Caspian Innovation Company have signed an agreement to build a new petrochemical plant in the Astrakhan region, which is worth RUB 60 billion ($1.05 billion).

The new facility will manufacture metallocene PE using the ethane from Gazprom’s Astrakhan gas processing plant.

The project is planned to start up in 2020 and have a production capacity of 330,000 tons/year.

Once completed, the 70% of the production from the facility will be exported to Spain, Turkey and China.
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