Long-term investments into developing the petrochemical industry in Omsk Region will hit 150 billion rubles ($5 billion), OilExpert.ru has reported. Most of the funding will be allocated to establishing a cluster of enterprises to improve refining depth in the region. Key aspects of the program will be a polypropylene production plant and deep modernization of the Omsk refinery.
Officials from the Omsk Regional Industrial Policy Ministry said the projects are meant to boost the region’s industry overall. They said that the plan envisions double the Nelson index to match leading enterprises in North America and also to increase refining depth to 95 percent.
