Russia’s Kazanorgsintez to expand ethylene production
The company’s new capital expenditure plan envisages the construction of a new furnace to process ethane feedstock. The company expects that the project will significantly reduce its expenses as ethane is a more cost-effective feedstock than naphtha, adding that the project will also increase their total generation of ethylene.
Kazanorgsintez has signed a contract with France’s Technip to provide technology and services for a double-chamber pyrolysis furnace. The completion of the main construction work is slated for 2015.
Kazanorgsintez’s investments in ethylene production for the next 3 years are estimated at 1.3 billion rubles ($24.9 million). The company plans to raise its total ethylene capacity from 560,000 tons/year to 610,000 tons/year after completing their new investments.
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