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LUKOIL continues upgrade of the Stavrolen petrochemical plant

The company had already implemented there a large-scale investment project of launching the 1st complex of the gas processing unit with an annual feed rate of 2.2 bcm

LUKOIL continues upgrade of the Stavrolen petrochemical plant

Source: Lukoil Press Office

Budennovsk, October 7 - Neftegaz.RU. Vagit Alekperov, President of LUKOIL, and Andrey Khlopyanov, acting 1st Deputy Chairman of the Government of Stavropol region, took part in today's foundation stone ceremony for the 2nd stage of Gas Processing Unit (GPU-2) at the Stavrolen petrochemical plant.

The construction of GPU-2 is expected to increase the utilization of associated petroleum gas delivered to the facility from North Caspian fields to 5 bcm per year.
This will provide a greater volume of valuable feedstock for pyrolysis (ethane and natural gas liquids) used at Stavrolen to manufacture commercial products.

GPU-2 is the 1st unit to be built under the Stavrolen integrated development program.
LUKOIL plans to increase the capacity of pyrolysis units, as well as produce a greater amount and a wider variety of polyethylene and polypropylene.

It is expected that the implementation of the program will increase Stavrolen's capacity to produce ethylene from 350 to 420 000 tonnes per year, polyethylene – from 300 to 405 000 tonnes per year, and copolymer polypropylenes – from 80 to 120 000 tonnes per year.

Vagit Alekperov commented:
  • The Stavrolen integrated development program is an essential part of our petrochemical strategy, which envisages use of our own feedstock
  • It is also an efficient monetization tool for the North Caspian natural gas
  • The growth of the share of gas production and development of gas processing facilities fall in line with the global trend towards energy transition and corresponds with LUKOIL's climate strategy
  • We believe that our total investments into integrated development of petrochemical value chain in the Caspian region might total around RUB 300 billion
In 2020, Stavrolen produced 343 000 tonnes of ethylene, the largest volume ever.
Polyethylene production reached 319 000 tonnes, and polypropylene production – 113 000 tonnes.
In 2021, Stavrolen produced its 8-millionth tonne of polyethylene.

To read the news in Russian

Source : Neftegaz.RU


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