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
Polyethylene production reached 319 000 tonnes, and polypropylene production – 113 000 tonnes.