The “first stone” into the foundation of the petrochemical complex construction in Nakhodka for OJSC “Rosneft”

Russian President Vladimir PUTIN, through video conference, took part in laying the first stone of a petrochemical complex for the “Rosneft” petroleum company in Nakhodka, the main facilities of which will be commissioned for operation in the first quarter of 2017.

 Investment in the plant construction will count 173 billion rubles. Introducing this project, the head of Rosneft, Igor SECHIN said that the “products will be supplied to the Asia-Pacific region to satisfy the needs of consumers in the Far East”.

Yuri KASYUK, General Director of “Eastern Petrochemical Company” (EPCC, a subsidiary of the “Rosneft” petroleum company) announced that the beginning of work on installation and placement of orders for major equipment is planned in the nearest future. “The end of construction works and commissioning for rated capacities for the main and auxiliary facilities are planned for the first quarter of 2017”, - he said.

It is expected that already in 2017, JSC “EPCC” will ship the first lot of polyethylene and polypropylene of about 2 million tons of polymers to Asia. A year later, the company shall release the first lot of fuel of the Euro 5 ecological standard and jet fuel. For the first time in 40 years, Russia is going to build from scratch a powerful petrochemical complex, which will become the core of one of the six Russian petrochemical clusters. The petrochemical complex will be located next to the ice-free Vostochny Port of about 600 hectares, including its own marine terminal. The construction is scheduled to begin in 2013. The cost of the project counts for more than $5 billion in the first phase (implementation period - 2012-2017). This enterprise will process mixed naphtha and LPG from “Rosneft” plants in Achinsk, Angarsk and Komsomolsk-on-Amur (about 3.4 million tons per year). In the second phase (2018), the enterprise will begin processing 7 million tons of petroleum from the ESPO pipeline, manufacturing gasoline, kerosene and diesel fuel. The third stage will result in processing 1.5 million tons of gas condensate from the “Sakhalin-3” project. In total, the volume of raw materials will be 10 million tons per year.

06 September 2012