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.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Will PVC prices ever come back to the pre-pandemic levels?
- Global petchem companies’ profits surge in Q1
- Polymer demand takes a heavy knock from deepening COVID crisis in India
- Stats: Turkey’s polymer imports rise to fresh records in Q1
- HDPE set to reach a plateau in Europe, LDPE fares better
- Bearish PP trend takes no respite on lackluster demand in Turkey
- India import PVC market recedes from all-time high on COVID-hit demand
- Stats: China’s total PP, PE imports in Q1 mark lowest volume in a year
- Vietnamese PE buyers hold off purchases on fears of further price pullback
- European PS on brink of a softer trend after 6 months