Released April 22, 2021 | BEIJING
en
Researched by Industrial Info Resources (Sugar Land, Texas)--Unstable oil and gas prices, together with unpredictable geopolitical situations, have pushed Russia to take measures that will boost the creation of new petrochemical facilities in the country.
Last October, the government announced a tax rebate for companies that meet one of the following conditions: From January 1, 2022, put into operation a new unit with a minimum capacity of 300,000 tons of processing liquefied petroleum gas/ethane as a feedstock, or through January 1, 2023, sign a special agreement with the Russian government for implementation of modernization or creation a petrochemical production with investments exceed 65 billion rubles ($848 million).
Russia's far east could become a new petrochemical center, as it has ample oil and gas reserves under development, and is near China and ASEAN markets.
Industrial Info is tracking 165 capital and maintenance petrochemical projects, worth $98.2 billion, in Russia. If you are a subscriber to Industrial Info's Chemical Processing database, click here for a list.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, visit us online at http://www.industrialinfo.com.
Last October, the government announced a tax rebate for companies that meet one of the following conditions: From January 1, 2022, put into operation a new unit with a minimum capacity of 300,000 tons of processing liquefied petroleum gas/ethane as a feedstock, or through January 1, 2023, sign a special agreement with the Russian government for implementation of modernization or creation a petrochemical production with investments exceed 65 billion rubles ($848 million).
Russia's far east could become a new petrochemical center, as it has ample oil and gas reserves under development, and is near China and ASEAN markets.
Industrial Info is tracking 165 capital and maintenance petrochemical projects, worth $98.2 billion, in Russia. If you are a subscriber to Industrial Info's Chemical Processing database, click here for a list.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, visit us online at http://www.industrialinfo.com.
