April 8 (prw) -- Russian-owned petrochemicals manufacturer Karpatneftekhim will finally launch its planned Ukraine PVC production plant in November this year. The company, part of the Lukor-Neftekhim chemicals division of independent Russian oil and gas group Lukoil, is completing the construction of the 300,000 tpa suspension vinyl facility in Ukrainian city of Kalush.
The cost of the $234m facility is expected to be recovered within the space of nine years, the company is reported to have said. Downstream, Karpatneftekhim is also understood to be planning to extrude PVC profiles at the site and has begun installing equipment for this operation. Despite the regional economic slowdown, vinyl demand is continuing to grow in the Ukraine and Russia, driven by the construction sector. Both countries have relied heavily on vinyl imports to feed that demand.
In 2008, the company completed construction of new chlorine and caustic soda production facilities with capacities of 182,000 tons of gaseous chlorine and 200,000 tons of caustic soda at Kalush.