Japan - Sumitomo to start Russian petrochemical projects
Dated- 09 Mar , 2012 - Japan
The Japanese Sumitomo Corporation is considering building a gas processing plant to produce propylene from natural gas in the Khabarovsk region of Russia.
The company is currently negotiating with the authorities of the Khabarovsk region and has already started developoing a feasibility study for the project.
The financial and technical details of the project were not disclosed. There is a possibility that the new plant could be built in the Komsomolsk, or Ulchi areas of the Khabarovsk region.
Sumitomo could become the second Japanese investor to express its interest in petrochemical projects in the Russian Far East in recent months.
Last year, Marubeni, another Japanese company, announced plans to build a petrochemical complex in the Russian city of Nakhodka, in cooperation with the Russian oil producer Rosneft.
In addition to the Far East project, in January this year Marubeni announced its intention to build a plant to produce aromatic hydrocarbons, polyethyleneterephthalate and terephthalic acid in Tatarstan, one of the most economically developed regions of Russia.