Processing Magazine

Rosneft to invest $5.36 billion in new petrochemical plant

September 6, 2012

MOSCOW — Rosneft, Russia’s state-owned oil company, plans to invest $5.36 billion to build a petrochemical plant near the country’s borders with China and North Korea, Reuters reported.

The plant will be located in Vladivostok, which is situated at the head of the Golden Horn Bay and is home to Russia’s largest port on the Pacific Ocean.

CEO Igor Sechin said the plant will produce 3.6 million tons of petrochemical products per year starting in 2017.

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