Topics for January 2008
PKN Orlen has applied for a €300 million subsidy with the European Investment Bank to help with the PTA project.
Gazprom signed a memorandum of understanding with Dow Chemical, outlining plans for potential cooperation, including projects in Russia and Germany.
Indorama Holdings Ltd (IRH) and Indorama Polymers (IRP) will jointly acquire some assets in Europe of Eastman Chemical.
SIBUR-Holding has reached the decision that it should exit the market for methanol and fertilisers and has decided to make a step by step withdrawal from the sector.
SIBUR-Neftekhim has reached agreement regarding the expansion of ethylene capacity at Kstovo up to 430,000 tpa, under which it will invest a total of 5.401 billion roubles.
Salavatnefteorgsintez increased turnover by 17.2% in the first three quarters of 2007, due mainly to higher oil product sales
Sayanskkhimplast is revisiting the idea to utilise Kovytka gas for ethylene production, which seemed to have been thwarted due to the loss of the license over the field by TNK-BP.
The construction of the propylene and polypropylene plant at Tobolsk will start in May 2008, with the preparation for the site having started in December.
As an extension of the RusVinyl jv, SIBUR-Holding could invest 1.9 billion roubles in the processing of PVC at Dzerzhinsk, which would be part of a chemical industry cluster in the region.
Ineos Nova has concluded a jv for a new polystyrene plant in Romania.
Mitsubishi Heavy Industries and Sojitz Corporation will take part in the construction of several chemical plants in Tatarstan, to the value of $800 million
Akron Holding would like to sell around 20% of its shares in an IPO in 2008, with the aim that the company will raise the proceeds necessary to undertake its investment programme.
Russia will sell natural gas to Belarus at $119 per thousand cubic metres in the first quarter of 2008, 19% more than in 2007.
Ukraine and Russia agreed in December on gas prices for 2008, concluding at $179.5 per thousand cubic metres.
Azot plans a restart polyethylene production using agrarian raw materials, which has been under review for some months.
Environmental issues are under review over the creation of the national industrial petrochemical technopark at Atyrau and what impact it will have on the local region.
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