MOSCOW (MRC) - Lukoil, the second largest oil company in Russia, has begun construction of a polypropylene (PP) production complex at the Nizhny Novgorod refinery in the city of Kstovo, the company said.
It is noted that the complex will become the largest polypropylene production facility in Russia integrated into an oil refinery. The raw material for polypropylene production at Lukoil's Nizhny Novgorod site will be propylene from two modernized catalytic cracking units with a capacity of 4 million tons per year. After putting the complex into operation, the enterprise will be able to produce about 500 thousand tons of polypropylene grades.
In May, it was reported that Lukoil is still studying the prospects for the construction of a polypropylene production complex at the Nizhny Novgorod refinery and may make a final decision in 2022.
Earlier it was reported that Lukoil selected Lummus Technology's Novolen polypropylene (PP) technology for its previously announced new petrochemical plant in Kstovo, Russia. Lummus received a contract from a Russian oil company for the supply of a technological license for a polypropylene plant with a capacity of 500 thousand tons per year, as well as for basic engineering, training, services and the supply of catalysts.
According to MRC's ScanPlast, PP supplies to the Russian market in January - May this year reached to 607,890 tonnes, which is 33% more than the same indicator a year earlier. The supply of propylene homopolymer and propylene block copolymers also increased. The supply of stat-copolymer propylene (PP-random) has declined.
Lukoil is one of the leading vertically integrated oil companies in Russia. The main activities of the company include operations for the exploration and production of oil and gas, production and sale of petroleum products. Lukoil is the second largest privately-owned oil company in the world in terms of proven hydrocarbon reserves. The structure of Lukoil includes one of the largest petrochemical enterprises in Russia - Stavrolen.
MRC