MOSCOW (MRC) - The construction of the Amur Gas Chemical Complex (AGHK, part of SIBUR Holding) is going ahead of schedule, its completion is scheduled for mid-2024, TASS reports, citing the words of the company's managing director Pavel Lyakhovich as part of the VI Eastern Economic Forum.
"The Amur Gas Chemical Complex, which we are building, at the end of the summer, it already has about 20% progress and is very serious, positive. Positive, slightly outstripping development growth. And we will complete it, now we see it, in mid-2024," he said he. Lyakhovich noted that the Amur Gas Chemical Complex is a mega-project for the company, which will be noticeable on the global oil and gas chemistry market.
“We live not only in large-scale chemistry. There are projects for medium-scale chemistry on the radar. there is even more product on the market. We are also thinking about the production of special plasticizers at the Perm site, "noted P. Lyakhovich.
"Limitations, of course, are possible anyway, because the coronavirus has not disappeared anywhere, it is constantly mutating. Unfortunately, it moves between borders rather quickly, so here, of course, the influence of it and new strains is possible on all segments. And, of course, forecasts. As usual, this is not a very rewarding business. But if some collapses do not happen, then we see that 2021-2022 will show growth for us in the segment itself, which cannot but rejoice, "said the managing director of SIBUR.
For the Russian petrochemical industry, 2020 turned out to be even better than the previous ones due to the commissioning of new capacities. Thus, the growth in the volume of chemical production in the Russian Federation in 2020 amounted to 7%, and in the first half of 2021 - 8%, noted P. Lyakhovich.
"It is probably important that not only production, but also consumption, primarily in 2021, we note a very serious growth in the consumption of petrochemical products. Therefore, in Russia, compared to the world, there are more optimistic positive figures," added P. Lyakhovich ... At the same time, the automotive industry and construction in the world continue to recover in 2021–2022, which also inspires optimism, concluded a member of the SIBUR board.
Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,176,860 tonnes in the first half of 2021, up by 5% year on year. Shipments of exclusively low density polyethylene (LDPE) decreased. At the same time, PP shipments to the Russian market were 727,160 tonnes in the first six months of 2021, up by 31% year on year. Supply of homopolymer PP and block-copolymers of propylene (PP block copolymers) increased. Supply of statistical copolymers of propylene (PP random copolymers) subsided.
SIBUR Holding is the leader in the Russian petrochemical industry and one of the largest global companies in the sector with more than 23 thousand employees. SIBUR processes by-products of oil and gas production and thereby contributes to the reduction of CO2 emissions from their combustion. Over the past 10 years, SIBUR has implemented a number of large-scale investment projects worth about 1 trillion rubles.
MRC