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Released February 28, 2022 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--In the days following Russian President Vladimir Putin's invasion of Ukraine, the ruble hit a record low against the U.S. dollar and numerous Western nations, including the U.S., announced a wide-ranging array of tough sanctions against Russia. Mining and energy companies were among the first to feel the pain, as Russia is the world's 11th-largest economy and, along with Ukraine, one of the world's largest commodity producers. Industrial Info is tracking activity at 779 industrial plants owned by the 13 companies (or their subsidiaries or related entities) slapped with heavy sanctions by the U.S. Department of State and the U.S. Department of the Treasury.
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced the sanctions, which focused largely on banks and energy firms, including Gazprom, the world's largest natural gas company. German Chancellor Olaf Scholz already had halted the certification process for Gazprom's Nord Stream 2 natural gas pipeline, running from Russia to Germany. For related information, see February 23, 2022, article - Germany Halts Authorization of Nord Stream 2 Natural Gas Pipeline.
Industrial Info's Global Market Intelligence (GMI) Plant Database is tracking more than 400 Gazprom facilities worldwide, as well as more than US$124 billion worth of Gazprom projects under development. In addition to Nord Stream 2, pipelines under construction include the 500-mile Kovykta-to-Chayanda natural gas pipeline, which is expected to carry 3.7 billion standard cubic feet per day of natural gas from the Kovykta Production Field to the operational Power of Siberia Pipeline, which itself is adding 513 miles of pipeline loops. Subscribers to Industrial Info's GMI Database can read detailed reports on the Nord Stream 2, Kovykta-to-Chayanda and Power of Siberia projects.
Alrosa (Mirny, Russia), the world's largest diamond mining company, also was among the companies sanctioned. Alrosa is responsible for 90% of Russia's diamond-mining capacity and 28% of the world's, according to the Treasury Department. Industrial Info is tracking activity at 13 Alrosa plants, including two in Angola, and a major addition at its Lomonosov Diamond Deposit in Arkhangelsk, Russia, which is expected to increase the mine's capacity from 2.6 million to 5.6 million carats per year. Subscribers can click here for a list of plants and read a detailed project report on the mine addition.
Industrial Info is tracking nearly 60 industrial plants in Ukraine that have been shut down or otherwise impacted as a result of the Russian invasion. This includes Ukraine's ports, steel mills, manufacturing plants and power facilities. For a list of industrial plants impacted by the conflict click here.
Ukrainian Steelmaker Faces Uncertainties
One of Ukraine's largest industrial entities, Metinvest Group (Mariupol, Ukraine), announced Thursday it would suspend some of the operations at its Ilyich Iron & Steel Works complex and Azovstal Iron & Steel Works complex in Mariupol, one of the largest cities in eastern Ukraine. It is not yet known when the facilities will be restarted. Subscribers can read detailed profiles of the Ilyich and Azovstal plants, and click here for a list of Metinvest-owned facilties, which include several plants in Virginia and West Virginia.
It is not yet known how Metinvest's U.S.-based facilities will be affected. Carter Roag Coal Company, a subsidiary, is seeking permits for a proposed expansion to its Morgan Camp Coal Mine in Mill Creek, West Virginia, which would expand capacity from 200,000 to 500,000 tons per year. Subscribers can learn more from Industrial Info's project report.
Refining, Chemical Plants Struggle to Stay Open
Kherson, a major city just north of the Crimean Peninsula, which has been occupied by Russia since 2014, quickly became a flashpoint in the conflict after Russian forces advanced into the country. It also is home to the 40,000-barrel-per-day (BBL/d) Kherson Refinery, which has more than US$530 million worth of project proposals, including a multi-phase modernization that would add isomerization and diesel-hydrotreater units. The Kherson Refinery remained operational as of Friday. Subscribers can read Industrial Info's plant profile and click here for a list of related project reports.
Ukraine's other refinery, the Kremenchug Refinery, also was operational as of Friday. It sits on the Dnieper River in the central city of Kremenchug, with a 240,000-BBL/d capacity. Industrial Info is not tracking any active projects at the facility, but subscribers can read a detailed plant profile.
The Karpatneftehim Petrochemical Plant, which is located near Ukraine's western city of Ivano-Frankivsk, suspended operations at a 573 million-pound-per-year ethylene unit and a 286 million-pound-per-year polyethylene unit following Ukrainian President Volodymyr Zelenskyy's declaration of martial law Thursday morning. Subscribers can read Industrial Info's plant profile, ethylene unit profile and polyethylene unit profile.
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.
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced the sanctions, which focused largely on banks and energy firms, including Gazprom, the world's largest natural gas company. German Chancellor Olaf Scholz already had halted the certification process for Gazprom's Nord Stream 2 natural gas pipeline, running from Russia to Germany. For related information, see February 23, 2022, article - Germany Halts Authorization of Nord Stream 2 Natural Gas Pipeline.
Industrial Info's Global Market Intelligence (GMI) Plant Database is tracking more than 400 Gazprom facilities worldwide, as well as more than US$124 billion worth of Gazprom projects under development. In addition to Nord Stream 2, pipelines under construction include the 500-mile Kovykta-to-Chayanda natural gas pipeline, which is expected to carry 3.7 billion standard cubic feet per day of natural gas from the Kovykta Production Field to the operational Power of Siberia Pipeline, which itself is adding 513 miles of pipeline loops. Subscribers to Industrial Info's GMI Database can read detailed reports on the Nord Stream 2, Kovykta-to-Chayanda and Power of Siberia projects.
Alrosa (Mirny, Russia), the world's largest diamond mining company, also was among the companies sanctioned. Alrosa is responsible for 90% of Russia's diamond-mining capacity and 28% of the world's, according to the Treasury Department. Industrial Info is tracking activity at 13 Alrosa plants, including two in Angola, and a major addition at its Lomonosov Diamond Deposit in Arkhangelsk, Russia, which is expected to increase the mine's capacity from 2.6 million to 5.6 million carats per year. Subscribers can click here for a list of plants and read a detailed project report on the mine addition.
Industrial Info is tracking nearly 60 industrial plants in Ukraine that have been shut down or otherwise impacted as a result of the Russian invasion. This includes Ukraine's ports, steel mills, manufacturing plants and power facilities. For a list of industrial plants impacted by the conflict click here.
Ukrainian Steelmaker Faces Uncertainties
One of Ukraine's largest industrial entities, Metinvest Group (Mariupol, Ukraine), announced Thursday it would suspend some of the operations at its Ilyich Iron & Steel Works complex and Azovstal Iron & Steel Works complex in Mariupol, one of the largest cities in eastern Ukraine. It is not yet known when the facilities will be restarted. Subscribers can read detailed profiles of the Ilyich and Azovstal plants, and click here for a list of Metinvest-owned facilties, which include several plants in Virginia and West Virginia.
It is not yet known how Metinvest's U.S.-based facilities will be affected. Carter Roag Coal Company, a subsidiary, is seeking permits for a proposed expansion to its Morgan Camp Coal Mine in Mill Creek, West Virginia, which would expand capacity from 200,000 to 500,000 tons per year. Subscribers can learn more from Industrial Info's project report.
Refining, Chemical Plants Struggle to Stay Open
Kherson, a major city just north of the Crimean Peninsula, which has been occupied by Russia since 2014, quickly became a flashpoint in the conflict after Russian forces advanced into the country. It also is home to the 40,000-barrel-per-day (BBL/d) Kherson Refinery, which has more than US$530 million worth of project proposals, including a multi-phase modernization that would add isomerization and diesel-hydrotreater units. The Kherson Refinery remained operational as of Friday. Subscribers can read Industrial Info's plant profile and click here for a list of related project reports.
Ukraine's other refinery, the Kremenchug Refinery, also was operational as of Friday. It sits on the Dnieper River in the central city of Kremenchug, with a 240,000-BBL/d capacity. Industrial Info is not tracking any active projects at the facility, but subscribers can read a detailed plant profile.
The Karpatneftehim Petrochemical Plant, which is located near Ukraine's western city of Ivano-Frankivsk, suspended operations at a 573 million-pound-per-year ethylene unit and a 286 million-pound-per-year polyethylene unit following Ukrainian President Volodymyr Zelenskyy's declaration of martial law Thursday morning. Subscribers can read Industrial Info's plant profile, ethylene unit profile and polyethylene unit profile.
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.
