Investment projects

NOVATEK plant modernisation

NOVATEK is executing a plant modernisation project in Ust-Luga, Leningrad region, with expected completion by late 2026. The total investment amounts to $52 billion. The plant will annually process 45 bcm of gas, producing 13.1 million tonnes of liquefied natural gas, 3.6 million tonnes of ethane fraction, 1.7 million tonnes of liquefied hydrocarbon gases, and 0.13 million tonnes of pentane-hexane fraction. The remaining dry gas (18.9 bcm) will be supplied to Gazprom's gas transportation system. Additionally, the plant will produce up to 2.8 million tonnes of polyethylene per annum.

Afipsky refinery modernisation

Afipsky refinery is undertaking a modernisation project with investments totalling 46 billion roubles. Plans include the construction of hydrocracking units, hydrogen and sulphur production units, and local wastewater treatment facilities. This initiative aims to reduce the refinery's environmental impact in the Krasnodar region. The new purification system integrates biological and chemical treatment along with membrane filtration, establishing a closed-loop water system to prevent adverse effects on water bodies. Post-modernisation, the refinery will process light diesel oil, yielding over 2 million tonnes annually, meeting agricultural needs in the region and neighbouring areas.

Volgograd refinery modernisation

LUKOIL is executing a modernisation project at the Volgograd refinery, with investments totalling 94 billion roubles. Plans include the construction of diesel fuel dewaxing and oil fraction hydroisomerisation units. This will increase diesel fuel production by 1.2 million tonnes per year, including 500,000 tonnes of winter grades for the domestic market. The refinery will also begin producing 200,000 tonnes of oils annually for high-tech motor, hydraulic, and industrial applications. The modernisation aims to enhance production efficiency and meet market demands for quality products.

Polymer production plant construction (CPP)

Caspian Innovation Company is investing 100 billion roubles in constructing a polymer production plant in Russia. The new petrochemical complex, located near the Astrakhan gas processing plant, will process ethane fraction and annually produce 430,000 tonnes of caustic soda and 650,000 tonnes of polyvinyl chloride (PVC). The complex includes pyrolysis and ethylene and hexene-1 production capacities, as well as facilities for storing products and intermediates. This integrated complex will enable deep hydrocarbon raw material processing, significantly expanding regional manufacturing capabilities.

Pavlodar petrochemical plant development plans

Pavlodar petrochemical plant plans projects totalling $773 million. These include a hydrogen production unit with a capacity of 12.5 thousand cubic meters per hour, a dewaxing unit for winter diesel fuel production, and a MEROX unit for liquefied gas purification. Additionally, the plant aims for low-carbon development to enhance environmental efficiency in production processes. These projects are geared toward modernising the plant and improving its manufacturing capabilities, while reducing harmful emissions and enhancing product quality.

Naftan refinery modernsation

The modernisation of Naftan refinery by Belarusian state concern "Belneftekhim" will conclude in 2025 with investments totalling $1.5 billion. The project aims to increase the volume and depth of oil processing and produce products meeting global quality standards. Central to the modernisation is the construction of a delayed coking unit (DCU), which will enable the refinery to obtain additional volumes of light oil products and petroleum coke. Annual output of targeted products will amount to 300,000 tonnes, including 200,000 tonnes of ethylene and 100,000 tonnes of propylene.

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