The company is currently negotiating with the authorities of the Khabarovsk region and has already started
developoing a feasibility study for the project.
The financial and technical details of the project were not disclosed. There is a possibility that the new plant
could be built in the Komsomolsk, or Ulchi areas of the Khabarovsk region.
Sumitomo could become the second Japanese investor to express its interest in petrochemical projects in the
Russian Far East in recent months.
Last year, Marubeni, another Japanese company, announced plans to build a petrochemical complex in the
Russian city of Nakhodka, in cooperation with the Russian oil producer Rosneft.
In addition to the Far East project, in January this year Marubeni announced its intention to build a plant to
produce aromatic hydrocarbons, polyethyleneterephthalate and terephthalic acid in Tatarstan, one of the most
economically developed regions of Russia.