Rosneft and Sinopec Sign Siberian Petchems MOU
The agreement envisages a detailed pre-feasibility and concept design study for a potential gas and petrochemicals joint venture. The scope could include converting natural gas and liquid feedstocks to produce ethylene and propylene which would feed integrated production of high-performance polymers and copolymers.
Ethylene capacity at complexes in Boguchany (Krasnoyarsk Territory) and Angarsk (Irkutsk region) is expected to total as much as 3 million t/y with around 6 million t/y of polymers and other petrochemicals. Output will be targeted primarily at markets in Russia and China.