MOSCOW (MRC) - The largest petrochemical plant in Ukraine, Karpatneftekhim (Kalush, Ivano-Frankivsk region), resumed operation on 9 June after five years of shutdown, the company's press service said.
The whole production complex will be put into operation in the middle of June, and in July it should reach full capacity - 250,000 tonnes of ethylene in annual equivalent.
"Preparatory work started in February this year and was held in all production facilities. The raw material for processing is straight-run gasoline," - said Karpatneftekhim.
The launch of production after five years of the shutdown took place due to the introduction in Ukraine of the world practice of taxing petrochemical raw materials, the company said earlier.
The Tax Code of Ukraine expanded the list of raw materials subject to a zero excise tax rate in the case of further processing in December 2016. Liquefied gases and butane were added to straight-run gasoline and diesel fuel. By Resolution No. 229 of 26 April, 2017, the government determined for the Karpatneftekhim quota for the supply of raw materials: Liquefied gas - 1070 mln liters per year; straight gasoline - 1 170 mln liters per year; diesel fuel - 985 mln liters per year.
The processing of each of these volumes can ensure the production of 250,000 tonnes of ethylene per year.
Karpatneftekhim declares a zero probability of misuse of raw materials, supplied on preferential terms.
Karpatneftekhim (Kalush, Ivano-Frankivsk region) is the largest producer of polymers in Ukraine. Company produces polyolefins (ethylene and propylene), polyethylene, chlorine, caustic soda and polyvinyl chloride. Capacities of the enterprise allow to produce annually 300,000 tonnes of ethylene, 100,000 tonnes of HDPE, 180,000 tonnes of caustic soda and 300,000 tonnes of PVC.
MRC